Questions about Sammons Lease Purchase...


Tim said:
While your right your not thinking it through. If you work 4 weeks and plan on taken a week off thats a week off without pay then when you go back to work it will be another week before money starts coming back in so it would be like having 2 weeks without pay. Some people cant swing that.
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I understand the reasons why, it doesn't make sense to me. Give me may money now, I'll deal with the rest. I know this doesn't apply to everyone, but if I need money, I haul a load for one of the brokers I'm set up with on quickpay. My money comes in in a variety of ways, quickpay, 30 days, 15 days, 10 days, and 5 days, depending on the broker. I planned it out this way so I have a steady stream of income, no matter how many days I take off. I know everyone can't do it this way, so don't jump me in some dark alley!
 
With our L/P since the trucks expenses come from 74% of the money that goes to you and the truck and the fuel surcharge. You always get the first 40% of your 26% when you get loaded and the rest the day after we get your paperwork. The only down side of time off is that the truck expenses continue so it will affect your pay-down, never your take home. Of course if you don't work you don't get paid. In defense of the billing people we have some customers that will reduce their payment if they don't receive a copy of the signed B/L within 15 days of delivery. Sitting on paperwork can be problematic.
 
terrylamar said:
I understand the reasons why, it doesn't make sense to me. Give me may money now, I'll deal with the rest. I know this doesn't apply to everyone, but if I need money, I haul a load for one of the brokers I'm set up with on quickpay. My money comes in in a variety of ways, quickpay, 30 days, 15 days, 10 days, and 5 days, depending on the broker. I planned it out this way so I have a steady stream of income, no matter how many days I take off. I know everyone can't do it this way, so don't jump me in some dark alley!
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I meant it in terms of the ATS program. Many times holding loads softened the blow of taking time off since the truck expenses continued no matter what.

I don't think it'd be necessary to do in the Sammons program.
 
Why would anyone want to go out for eight weeks? While I can now go out for 5-7 days take between 34 and 48 hrs off and go back out again.

Also with Obamacare going into full swing this year, do you have any health insurance outlets, or are drivers on their own?

I realize that when someone becomes a lease or o/o that they're now in a business of their own. Just like any business owner, you're married to it.

If being out 4-6 weeks proves that you've got a good work ethic, I've been at the same place for almost four years, never called in sick, rarely am i late for my appointments, very customer oriented. If i have something I have to do i give my employer a few weeks notice, so things can keep running smoothly. Plus i take home more than your monthly averages and I'm just a company driver.

So tell me why I'd want to go out for four to six weeks. Your company sounds like a Celadon type company.
 
mike tyson said:
Why would anyone want to go out for eight weeks? While I can now go out for 5-7 days take between 34 and 48 hrs off and go back out.
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There are some out here who do prefer to stay out for long periods of time. I'm definitely not one of those people though.
 
mike tyson said:
Why would anyone want to go out for eight weeks? While I can now go out for 5-7 days take between 34 and 48 hrs off and go back out again.

Also with Obamacare going into full swing this year, do you have any health insurance outlets, or are drivers on their own?

I realize that when someone becomes a lease or o/o that they're now in a business of their own. Just like any business owner, you're married to it.

If being out 4-6 weeks proves that you've got a good work ethic, I've been at the same place for almost four years, never called in sick, rarely am i late for my appointments, very customer oriented. If i have something I have to do i give my employer a few weeks notice, so things can keep running smoothly. Plus i take home more than your monthly averages and I'm just a company driver.

So tell me why I'd want to go out for four to six weeks. Your company sounds like a Celadon type company.
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All your questions have been covered in previous pages. Here's a recap:

The goal of the Sammons program is to get the truck paid off. You do that by selecting the next best load you see, over and over again. In the short term it's a pretty thin take home money deal, but at the end of the term, the truck is yours, and you can do as you wish.
 
sammonsrecruiter

I thought of something today.

Sammons charges the least for a flat, and a bit more for a 48 step but the most for a 53 step, which is the least versatile...what the thinking behind that?
 
If I may, I leased on with Sammons as a lease purchase driver, and let me say, EVERYTHING they say is true. I left them because I bought into a promise from an individual that I could pull a tri-axle RGN and buy one of his trucks. Too good to be true?....you betcha, so, I am attempting to return to Sammons. I NEVER considered another company because these folks really CARE about you, and will go out of theri way to help you. I have been in this racket since 1978 and have NO reason to lie to anyone. So, take whatever I post here for what it is worth to you.
 
A mental what??

There are plenty of threads against L/P programs. This thread is dedicated to a specific program, at a specific company, and since they were gracious enough to follow my invite to this forum, I'll ask that you do not troll this thread.

Besides, the link you provided is one guys idea of how to be successful in a lease purchase situation, so it's pretty much the opposite of what you're posting.
 
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Sinister said:
A mental what??

There are plenty of threads against L/P programs. This thread is dedicated to a specific program, at a specific company, and since they were gracious enough to follow my invite to this forum, I'll ask that you do not troll this thread.

Besides, the link you provided is one guys idea of how to be successful in a lease purchase situation, so it's pretty much the opposite of what you're posting.
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There's two sides to every story.
 

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