Lease Purchase Programs: Are They Worth It?

Lease Purchase Programs: Are They Worth It?
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Do you want to know all about LEASE PURCHASE PROGRAMS and if they are worth it? TUNE IN!

Join Ronen as he discusses what ;lease purchase programs are all about, who should consider, whether you are someone with bad credit or someone who doesn’t have enough down payment, whether or not someone with good credit who is able to come up with a down payment should go to the dealership and purchase a truck, and more!

When purchasing through lease purchase programs, make sure that you get:
◦ Purchase price
◦ Buyout
◦ Interest rate
◦ Amortization schedule
◦ Duration ( realistic )
◦ No big balloon payment

Things To Keep In Mind About A PREDATORY Lease Agreement:
◦ No purchase price
◦ Never ending rental
◦ Full control over driver , payment,
◦ Can’t buy out or leave the company
◦ Same pay as an owner operator
◦ Calculate the payments and buyout, is that truck worth it?
◦ Google reviews are very important
◦ Talk to a driver from that fleet get a feeling of the company, culture, how they treat their drivers.

You are getting into a business! Understand the industry you are in, such as understanding your cost per mile! Invest in yourself and a good dispatch course.

Best advice that I can give you:
◦ Drive the truck before u purchase it.
◦ Work as a company driver before committing.
◦ Understand the fuel consumption.
◦ Don’t lease a flat nose truck. They are money Pits.
◦ Make sure u are confident with the company, if they go under, u will loose your Truck and all your payments
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Chapters

00:00:00 Introduction
00:02:31 What Are Lease Purchase Programs All About?
00:03:36 Who Should Consider Becoming A Lease Operator
00:05:21 5 Things To Have When Joining A Lease Purchase Program
00:10:38 Predatory Lease Agreements
00:33:18 Advice for Truckers
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Interested in accessing resources such as one-on-one consultations and dispatch course made my me? Visit our website www.truckingacademy.us now!
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