- Years old:
Hauling logs out of the forest or mountains to the mill is done with heavy equipment like a truck or trailer. While some drivers opt to…. Expeditor trucking is a unique branch of freight hauling that deals with time-sensitive, emergency and other rushed orders. Opportunities for you to grow your business rely on your ability to make important deliveries quickly and efficiently. As a business owner, you have the option to enter into a contract with expeditor trucking companies, in addition to their main distributors, in order to adequately handle any rushed delivery jobs that may arise. There are a wide range of circumstances in which hiring an expediting service might make sense or be required.
For Drivers looking to become Owners, the Lease Purchase agreement has been a staple of the trucking industry for over a decade.
Although these agreements are often risky and fraught with the potential of abuse for the Driver, the low barrier to entry with little to no down payment, no credit requirements and minimum start up costs make these offers attractive to many potential owners.
Even though lease purchases have been easy to get into, the structuring of these agreements are stacked against the leasee.
Lease an expedite truck???
SLN: Give us some background on your experience in the industry? Thankfully I got associated with a good motor carrier like Panther at the start and our relationship has been very fruitful. At the time, one of the only options available to me was a Lease Purchase.
It was simple to get into the Lease Purchase agreement, but it was a real hassle to have to travel to Indianapolis and then try to find a decent truck. The Lease Purchase company had available certain trucks that you could chose.
I thought I was lucky when I got a Kenworth. The company says they inspect it and DOT it, but I had some issues with the truck — and when you get out of warranty, the repairs are totally on you.
Expeditor truck loans
Another downside is that you have a high payment for a used truck. This is the result of an inflated pay back which includes an extremely high cost of funds and added fees total true cost of ownership is extremely high in a Lease Purchase.
Thankfully, I was in that agreement for only two years. There were other drawbacks, too, like the hassle of getting the truck back to Indianapolis and checking it in. Then I would have to fly home on my dime. As you can see, there are a lot of costs involved that came out of my pocket. I was having issues and concerns with my truck and problems with my overlying Lease Purchase agreement. I heard about Expediter Services who had solutions for my success. I learned about their support programs and discounts to help me run my business.
I also talked to him about my desire to purchase a truck and be a true owner. I was really pleased with how they were able to help me find the truck that I wanted and everything has gone smooth ever since.
From lease purchase to true truck ownership
This really was a Much Better Alternative. SLN: Tell us about the process of purchasing your truck? The Path to Ownership at ES was super simple. I filled out some paperwork for Expediter Equipment Finance and waited on a phone call to get approval. The unique thing about ES is that they look at the person, not just your credit score. They saw that I had a good track record as an earner and put their faith in me that I would be successful being affiliated with a good carrier under their program such as Panther.
Things have been going smooth ever since. ES also let me pick out the truck that I wanted. The brand new truck was delivered to me in Southaven, Mississippi, and I could not be happier. Things are working out exactly as ES promised. Please visit us on Facebook. ES is working for You! Call us at Category Archive Select Year