The new Lease Purchase Program is all about new drivers to ownership faster. Its no different then leasing from Freightliner or Peterbuilt. Each new client is assigned a customer relations manager to give them the resources to meet the goals they have set. This is the grown up world and if they want to run 75 then they can but they are the ones paying the bill. How A Lease Purchase Program Works You are not familiar with the lease purchase program that trucking companies are offering? Lease Purchase Programs for Commercial Vehicles Lease purchase programs are ideal both for truck drivers who want to purchase an affordable truck, as well as for businesses that need more commercial vehicles.
One of the biggest problem drivers face when entering a lease purchase program through a trucking company, is they are not able to take the truck with them if they choose to leave the company. I would like to talk to you about your program. Truck drivers should take into consideration both typed of lease. Thereupon, what makes the lease purchase programs so attractive to truck drivers, especially to rookie truck drivers, is the fact that at the end of the lease term, the truck driver will have the option to purchase the truck. We only make money if the trucks are on the road, in which case our drivers do, too.
His 2011 Truth About Trucking survey showed 77 percent of drivers never complete their lease-purchase agreements. I do not micro manage and I do not limit the trucks. Besides, there is nothing wrong with being a company driver. In return, he offers his guidance to other U. We make it easy for our lease drivers, though, by paying their licensing and permitting fees up front.
Until you get into your own truck you have no idea what is involved. The purpose was to actually be active, get others active and work together to bring change to an industry that often abuses drivers. The lease purchase program is a convenient way to own your own truck while still having the option to walk away from the purchase at the end of the term. Ask how many times the truck has been leased. Your privacy is always protected and we do not share your e-mail address or any other confidential information with any other person or third party. We all need to now and then, but think like a business and consider the load your customer and you'll do just fine and see six plus figure earnings.
This charge will be refunded to the operator if the truck is purchased within the terms of the lease purchase agreement. Switching carriers is costly, but the cost of a multiyear financial agreement that goes sour could be greater. Folks should check out there web site or give them a call. In addition, the company has knowledgeable fleet managers who are always willing to provide drivers attention and support they require to succeed. A downturn in freight could reduce your miles and destroy the chance of completing your lease. The program contains an excess mileage charge based on the miles the operator is averaging above 2900 miles per week. At Wil-Trans, lease programs are designed for only drivers who want nothing short of success in their trucking career.
Why We Have One of the Best Truck Lease Purchase Programs Truck lease purchase programs are one of the main ways a company driver can take the next step in their career to become an owner operator, which allows them to make more money, own the truck they drive, be a little more flexible with their schedule, and start their own business. I take input from my drivers on everything we do and am continually tweaking the lease to better suit all involved. Working as a company driver, any company you work for will simply deduct what you owe the government from your check before it is cut. We have multiple driver levels and trailer types that you can explore. Xpress support system helps him with business-related or personal issues that could affect his business. Well, most successful trucking companies nowadays have started implementing this type of programs, which in fact is a combination of elements of a traditional rental agreement and the right to later on purchase the truck.
The lease is a way to make a responsible driver earn closer to his potential but he will also have the bad with the good just as the company does. It all depends on the company you lease on with. You lease the equipment and take it to a carrier of you choice or run it under your own authority. The 87% failure rate study was reported several years ago by an independent accountant but I wanted to bring this issue to an updated level, thus the reason for this survey. What is a lease purchase program? Then, keep up to date with the latest industry information by finding us on , , and. I cant believe some companies will not allow drivers to install inverters or fridges etc.
Only those programs I find to be honest and reputable will be made known publicly through our site s. Knowledge and the understanding that it's a big commitment. So the company has no incentive to help the driver succeed. Only on: Blog Talk Radio Update: 4-13-09 21:54 hours : Had a great show about these lease purchase programs this evening. Determine if the mileage makes sense for the year of the truck.