US Express Lease Purchase

Anyone out here have any information on US Express's lease purchase program. Is it good or bad

Any Fleece purchase is highly stacked against the driver.

Why take all the risks I stead of becoming a productive company driver and let the company pay for everything?

Anyone out here have any information on US Express's lease purchase program. Is it good or bad

They are ALL BAD. If it cost the companies money by paying you more than a company driver they wouldnt lease/purchase trucks to drivers. They do it because it costs them less money. Your best bet is to be a company driver and later on if you still want to own your own truck use the money you have been saving to buy one cash. Once you gain experience you will laugh at ever having thoughts of lease purchase.

I have not seen their contract, but all the companies doing it are pretty similiar from what I have seen.

As said already save your money and buy your own. You can then lease onto a company. Buying a truck is a long term investment. Also most of the lease programs have it structured so you can not take tax advantges, they get those.

One rule if thumb I have found is the harder a company pushes leasing, the more stacked against the driver it is.

Here is one recent example of what can happen!!

Company pushes leasing very hard to all drivers, including brand new ones. Driver leased truck. Within a week this used lease truck had some mechanical issues. Shop repaired and billed the driver. Driver has sunk a fair amount if money over the past year into this truck. Driver gets routed through the terminal and truck is red tagged by the safety lane. Driver is told to pick out another truck off a list because that one has been sold. Driver becomes angry, and refuses to give up the truck. Is stuck on yard for a few days trying to argue the point. Driver threatens to quit. Company says then we are charging you for breaking your lease.

All this was in the fine print that the driver did not read before signing. The company verbally represented the leasing program at the beginning, but of course they highlighted the good points, not the full reality.

The above situation just happened to a friend of my other half.

Just food for thought.