3 Reasons why you Should NOT Become a Lease Operator

You have pain in your voice bro

Thank you!! I was in that dilemma these days and with this short video you explained it very easily

This guy has no idea what hes talking about.

As a truck owner, which companies are best to rent your tucks to?

Hell no.

Excellent advice sir

💯 I have been owner operator and lease purchase. Owner operator is the way.

This guy is a joke being a lease operator is a heart way to get into the business

What does anxiety have to do with anything ?

No more money in Trucking it’s like working minimum wage

I went from company driver to lease driver now for 3 years o/o with same company.

Fleece purchase 😂

A few years ago I was reading about how low lease operators finish the lease and thus own the truck outright.

It was like 4%

Due to the millage you do at the end of the lease you need a new truck and sometimes it is linked to the company you are working for as well - you are only allowed to work if the truck is no more than X old.

The final part is the company you leasing from is moving all the negatives and liabilities from them to you - so as a lease operator you are taking all the risks and you also can not move jobs until that truck you are driving is paid off.

100% correct. Never ever do this. Save and buy a truck for cash

I got my First Truck as a Lease Operator...Ended up paying my Truck off...But again, that was back in the 80's !!!

Don't do it.....

Lmao 🤣 don't

Thing will change in 2-3 years within company you damn got that right Ronnen!!

It is always a bad idea to lease a truck from the same company you depend on for your revenue, ALWAYS.

I do not know how lease operators is a legal thing its pretty much indentured servitude.

I stopped buying trucks 4 years ago. I lease brand new trucks (not to be confused with lease purchase or lease operator) and can run them with any motor carrier or my own MC authority. Full maintenance & PMs. Monthly payments higher but stay running with no out-of-pocket maintenace expense. This option is least talked about.

The two options are the worst thing in the industry at the end broker's are the ones making money don't be one more on the cage

A successfully did a lease purchase through a company but they were a small company and really great if at any time I quit or got fired I was able to keep the truck and the lease as long as I just made my payments still.

Ill start with a 1982 ford f850 i got for $300

It's called the never never plan

How much a truck to start in this business cost?

It’s about time you finally said something true.

"captive" lease-operator

NO

Reason number four… Why take on all of the extra risk and responsibilities just to make less than a company driver? I’ll keep holding the steering wheel of my company’s truck as long as they keep me averaging one dollar plus per mile.

Not become a twuk dwiver in the first place

Weekly payments!😮

90% failure rate, enjoy very little time off or u will fail..

Dont do it!

And 7k a month in payments as O.O. / insurance, lease, fuel, maintenance, emergency repairs.

When they said Flat bedders can’t back they weren’t joking

Don’t do it run

It all depends on who the carrier is. There is a lease program where I work & they treat the lease operator very well. At the end of the lease they are offered the opportunity to purchase the truck outright for a very fair price or continue leasing on another new truck. So therefore not all lease programs are bad. Do your research before you commit.

If you lease a car you don’t keep it so what’s the big deal the lease is a means of income for those who don’t fit the buy a truck criteria yet.

Leasing ??? Its like signing a contract for keeping your ###### lubed all the time and promising for not wearing underwear

This just a trucking recruiter, wouldn’t go by anything he says.

I want to become a owner operator

It's a trap!- General Akbar😂

Salman Khan 😂

Nope!!! What I’m thinking is becoming a lowlife piece of shit load pimp!!!

This is great advice and not one you often see on you tube

You should also never exit the cab like that dude did, you're asking for injury if you do

If you have your own truck do you have to do your own drug test? I ask because only thing stopping me is i like to smoke weed when im done with work. A plant

Lies

I’ve done both lease and owner operator with my own MC # and I tell you right now. The whole trucking industry is a big scam.