Walk Away Truck Lease, 0 Money Down | BEWARE Predatory Scams! Potential Earnings with Pay Statements

Walk Away Truck Lease, 0 Money Down | BEWARE Predatory Scams! Potential Earnings with Pay Statements
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Join Ronen as he breaks down common factors to consider when signing onto a lease purchase program, with a real life example of what truckers may expect from joining the lease program offered at ET Transport! From analytics and stats of trucks, to ET Transport's unique lease purchase program, to what drivers should consider, Ronen gives a full, realistic step-by-step guide that drivers can follow to ensure that they're getting the best possible value! If signing a lease purchase program is on your list of goals for 2024, this video is designed to help you accomplish it!
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📚Chapters

00:00 Introduction - Lease Purchase Program Email and Key Factors to Consider
02:02 ET Transport's Unique Lease Purchase Program
02:31 Why does ET Require Mandatory 30-60 Days Driving Experience?
03:23 Why You Should Beware Companies With Free/Walkaway Lease Program
04:13 Why Are Lease Purchase Programs Often Predatory?
05:05 Why Does ET Require a Deposit?
05:37 What To Consider When Purchasing A Truck?
06:28 Payment Breakdown and Financing
07:45 Pay Statement and Financial Projections for Drivers
09:23 Primary Reason for Low Earnings
09:55 Conclusion
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[bennaylor]

Note did a zero down walkaway lease with crst specialized
Truck had 500k miles 16 months to own it i was in the truvk 5 months and did 52k after everything fuel and all there fees on track for 124k net

We made a fixed rate per mile of 1.84 plus fuel surcharge

And would if had 660k miles on the truck at the end if the lease and made a extra 25k per year from saved truck payments or sold truck for 40k and started a new lease

[user_friendly.]

I appreciate you letting me learn English language through years watching your videos, and I also thank you that you always speak true facts about trucking industry, I wish all truckers are safe and healthy.

[ronaldlachance]

honesty in trucking, the rarest commodity in trucking now days!

[smk]

I've heard company owners calling their own lease owner operators idiots, for falling into the lease trap and taking advantage of them.

[mobahiru]

I remember in one of your videos, you said truck prices are low 30 to 40 thousand, why are you selling yours for 75, 000 ?

[TheodoreRizzo]

I’ve always thought the same thing about about buy/lease truck since I obtained my commercial driver license here in the us is just a rental truck but ppl mentality they believe they owning it when in reality they just renting it.
Pretty much same thing on buying personal vehicles lot us here in the us we like to trade in our vehicles every 4 to 5 years pretty much at the end of an average purchase contract about the time you finish paying it off you’re ready for a new one so you end up trading in the vehicle that you finally about to own it for a new one and start all over again on a new purchase contract.

[Farrell]

I think trucking in general is just garbage right now. Lease and owner ops are getting screwed and while those guys are saying to stay company, a lot of company drivers aren’t doing so hot. Let’s not forget most carriers are running off the spot market and load boards. This makes them JUST as vulnerable as anyone else because the company isn’t going to take a load that’s paying crap, and so the driver gets stuck sitting, sometimes for days waiting for a load. At least as a lease or owner op YOU have the choice and decision on that load. That’s the only upside I see is the freedom to move when and where you want and not what the company deems is best for them, and their profit margin and expense. Either way you go though trucking is in the toilet right now.

[classicxl]

Scotlynn group here in Ontario is bad for this, nice shiny pete’s and kw’s with high payments and not enough fright to pay for them

[MrMartinconco]

As a trucking company owner I must say that I disagree with this video. The national average is $2.05 but that means that some companies make 1.8 and some are 2.4 so if I am lease operator would definitely not like to work with a company that is not better than the national average.
Another very important thing is that you didn't mention nothing about the maintenance. Yes you said that the truck has warranty but if the truck gets to the dealer the truck will stay for weeks sometimes months, so dealer will be used in extreme cases, even then you need to tow it to dealer and you have expenses. Just doing oil change is still a big expense over the year. The reality is that with these numbers better to be driver than getting into lease deals. It is possible to make more, especially if the driver is a serious driver with goals and not a lazy bum

[chrisstrunk]

Question I have is, in this scenario. Why are drivers paying current interest rates for the lease purchase when the truck was purchased a few years ago at way lower interest rates? Do your interest rates fluctuate with the market? I assumed they are a fixed rate loan for a truck.

[roadsideservice]

Tough times right now, take his advice and stay a company driver ❤

[smk]

Well Ronen I have to say you're being honest and realistic.

[smk]

I didn't see maintenance calculated in. That's another $10k at least.

[johnmclean]

U should cover Scottlynn Trucking out of Vittoria, ON. SCAMMERS!

[eas-eautocom]

Seems pretty good and explained well. When I checked at Penske on a truck I drove 200k miles, now up to 450k miles... supposedly with discounts was 38k, mm hmm. They wanted 25k down not that they stated the interest rate when figured out was 50%. So no 2nd sale here, bought one cash with higher miles 18, 500 no rush putting it to work with low rates. ET does seem to have a good realistic approach especially as it comes with a company support sending the work your way. Hardest approach on just buying a unit is the hoops, then work once you're on your own. I was auto hauling with my 1st Penske unit, not general freight when guys were getting 4 a mile, who knew. Lol 😆 Glad you're trying to get leased on guys to ownership, the rest seem like just pipe dreams sold. 👍

[jimhays]

Great video. Finally an honest company.

[domingofernandez]

I’ve always dreamed about being an owner operator. As the driver in the email said, you are one of the most honest guys out there. I live in Pennsylvania but would love to work for you. Do I need to move to Atlanta Georgia? How can I get more information on your lease purchase program. How much would the down payment be to get started with you guys and can I do it whilst the living in Pennsylvania?

[sedinsibic]

Ronen can you make a video about Umbrella Insurance Policy

[wendellmitchell]

U can make that as a company driver unbelievable

[ranaaliraza]

And even the price of 2021 frieghtliners with miles are $50k to $60k.