always been a scam........

[GAnthony]

i am pasting a subject here i spoke of on another website i am a member of. it has to do with lease-purchase plans............................




we have seen this question asked here maybe a few hundred times, and we all pretty much agree, its a no win situation.

i just got the july 2010 issue of landline magazine, and although i cannot link to the website (as june's issue is still up), i will at least relate here what an attorney for the law firm that has represented many members of the OOIDA.

here is some of the article:

although some drivers claim to know a few in their trucking careers who have completed the terms of their leases or lease-purchase programs, most agree the success rate is extremely low and few end up with their trucks. David C., an attorney for the Cullen law firm said, "lease -purchase programs are designed for drivers to fail" and "business models aren't designed around a driver successfully taking ownership of the truck. the company makes better money by the number of drivers it signs up to lease that same truck".​

and then there is this:

from director of regulatory affairs (at OOIDA), Joe R., "motor carriers continue to find ways to dump all of the equipment costs and liability onto the drivers, and then they can reap all of the profits. just look at what happened to those drivers with Arrow trucking".​

so there you go, those of you who wish to get into your own truck, we have told you time and time again, DO NOT DO IT...........

{end of some of the story/article}

look for a reputable trucking company to sign on with, then buy your truck on your own.

or just be a company driver.



now, in the online version of the magazine, this particular article isn't available. you would have to either buy the magazine, or get to borrow one from a member of the OOIDA.

 

[wargames]

i am pasting a subject here i spoke of on another website i am a member of. it has to do with lease-purchase plans............................




we have seen this question asked here maybe a few hundred times, and we all pretty much agree, its a no win situation.

i just got the july 2010 issue of landline magazine, and although i cannot link to the website (as june's issue is still up), i will at least relate here what an attorney for the law firm that has represented many members of the OOIDA.

here is some of the article:



and then there is this:



so there you go, those of you who wish to get into your own truck, we have told you time and time again, DO NOT DO IT...........

{end of some of the story/article}

look for a reputable trucking company to sign on with, then buy your truck on your own.

or just be a company driver.



now, in the online version of the magazine, this particular article isn't available. you would have to either buy the magazine, or get to borrow one from a member of the OOIDA.

Glenn8963, I heard about that company, Arrow trucking, Not good. Thanks for the info. Very good info. for future O.O.

 

[Judah 8406]

yea very informative...

 

[FastTrack76]

I would have to agree with you