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Raising the Standards of the Trucking Industry


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Owner Operator Lease Purchase Program Survey

Nov
8,
2009
1

We have often discussed the abuse and scam of the owner operator lease purchase program as practiced by many trucking companies.  Although there are companies that have excellent lease purchase options for the owner operator wannabe, studies have shown that the failure rate for this program is extremely high.   Those who fail in this option are often referred to as not being business savvy, thus the reason for their failure.   I contend, that the owner operator lease purchase plan, as offered through a large majority of companies, is completely designed for the drivers’ failure.

A few years ago I stumbled on a report by a third-party service which had actually collected data on this issue.  According to their research, this program showed to have an 87% failure rate.  Finding that report again, or any other such data on this matter has proven to be impossible.   Therefore, we would like to attempt in conducting our own survey into the success or failure rate of these most commonly known trucking companies and their lease purchase options.

We will let it run for a long period of time so to collect as many responses as possible, in order to reach as fair of a conclusion as possible.  Although it is not 100% scientifically sound, perhaps we can gather more recent and current stats on this issue which has always been a big problem for the industry.

Click Here to take survey

© 2009, Allen Smith. All rights reserved.

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By: Allen Smith

Allen Smith is a 37 year veteran who started at an early age in a household goods family moving business. He began driving straight trucks in 1977 and moved to the big rigs in 1982. His experience within the industry includes; owner operator, company driver, operations manager, and owner of a long distance HHG moving business, taking many of the long haul moves himself when needed. Allen Smith, a truck driver advocate who is driven by the desire to help others succeed within an industry where injustice, unrewarded sacrifice, and lack of respect and recognition exists. Allen and his wife Donna are hosts of Truth About Trucking ”Live” on Blog Talk Radio. Other websites include AskTheTrucker, TruckingSocialMedia, NorthAmericanTruckingALerts, TruthAboutTrucking, and many Social Media websites. In 2011 Allen and Donna hosted the first Truck Driver Social Media Convention, designed to create unity and solutions for the trucking industry. This is now being extended through the North American Trucking Alerts network as those within the industry join forces for the betterment of the industry. Allen strongly supports other industry advocates who are also stepping up to the plate to help those who share honesty, guidance and direction. He believes that all those involved in trucking need to be accountable for their part within the industry, including drivers, carriers, brokers, shippers, receivers, etc… The list of supporters and likeminded people grow daily, networking together and sharing thoughts and ideas for the betterment of trucking. He has coined the popular phrase "Raising the standards of the trucking industry"

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One Response to Owner Operator Lease Purchase Program Survey. - Post a Comment

  1. […] November 9th, 2009 we began our Owner Operator Lease Purchase Program survey, in order to collect data on this issue which has caused many drivers to fail within the […]

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