Lease Purchase Trucking Company appears to offer a tremendous benefit to truck drivers. New truck drivers, in particular, are targeted. The offer of a driver being able to own their own truck oftentimes with zero down payment and no credit check can be extremely tempting to many drivers. Undoubtedly, some drivers benefit from these programs. However, many more have been ruined both financially and professionally. A typical lease purchase agreement through a trucking company requires you to work solely for them. If your budget was based on you having a certain number of loads each week and you don’t get them you can quickly find yourself short of the required funds to make the payments.
Companies You Can Trust
Another consideration is the quality of the truck. If you are purchasing a brand new truck the truck should be in good mechanical condition and under warranty. If you are buying a used truck that may not be the case. You could find yourself having to pay thousands of dollars for repairs before you can even drive the truck. Some trucking companies don’t allow you to select your truck. Once they’ve talked you into the deal they tell you what truck is yours. You might not even be able to see the truck prior to signing the contract. This can happen even if the truck is located right at the terminal where you are.
The Best Companies Of Lease Purchase
I suggest that if you want to do a lease purchase program you do so through a KSM Carrier Group company. That way you will not be dependent upon a trucking company to give you sufficient miles to succeed. You will be in control of your own success. You can drive as an independent driver or work with another company of your choice. Independent financing gives you more options and chances for success.