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Trucking Lease Scam Perfect for DAC Lies

Aug
11,
2009
12

Owner OperatorThe trucking company owner operator lease-purchase scam.  I’ve talked about it … I’ve written about it … I’ve done talk shows about it.   Truth About Trucking was established with one goal in mind:  to provide the answers to the insider secrets of the trucking industry for new CDL students and drivers.  All those things that every veteran driver knows about, but, for whatever reason, few would discuss.  Four years ago, we changed all that.

Suddenly, there was someone actually talking about the scams of OTR trucking.  Scams, that every newcomer to the industry should be aware of, in order to know exactly what they are getting into when it comes to long haul trucking.  Furthermore, by understanding and realizing the Truth About OTR Trucking . . . they would be better prepared to face those situations head-on and know what is to  be expected of them in order to survive and make it in the OTR trucking game.

Being available through email, phone and from our Truth About Trucking “LIVE” talk radio show, I have received MANY questions from students and new drivers.   It is the best part about being involved with an informative on-line format.   Still, I find that trucking companies continue to prey on drivers’ hopes and dreams and wanted to reiterate in this post about one of the BIGGEST scams in the trucking industry:   the Owner Operator Truck Leasing Program.

Here is a comment that was just made from our online petition to stop false DAC reporting:

“I RECENTLY SIGNED A TRUCK LEASE WITH A COMPANY CALLED  XXXXX , THE TRUCK PAYMENTS WERE OVER $1000.00 PER WK.  BUT I WAS TOLD MY TRUCK WOULD BRING IN OVER 4500 PER WK AVERAGE.   THIS NEVER HAPPENED, SO AFTER STARVING FOR A COUPLE OF MONTHS AND LISTENING TO THEIR BULL,  I FINALLY TURNED IN THE TRUCK.  BUT NOW MY DAC REPORT IS NEGATIVE.”

For all of you new CDL students and new drivers trying to break into the industry, be very leery of these trucking company lease purchase plans.   This is a big money maker for these companies and the chances of you succeeding with one of these plans is highly unlikely.   I know that many of you would really like to be an owner operator and these purchase plans are so enticing, but the best way to be an O/O is to drive several years, save up the down payment and purchase the truck on your own from a reputable dealer . . . NOT A TRUCKING COMPANY.   The only exception to this “rule” is obviously, if you have worked for a company for a good length of time and know for certain that they are a good, reputable company and one you can trust.  Until you have some serious background experience with them, stay away from leases!

One of our highest rated shows on Truth About Trucking “LIVE” was about this very subject.  I would urge you to give it a listen if you missed it:

Remember . . . there are many fine trucking companies out there to work for, but you will have to build up between one to three years of driving experience before you will be considered for hire.  There are also very good companies that offer CDL training other than those we all hear and know about.  Keep in mind, with the current state of the economy, companies such as these may not be accepting new students right now.

The point here, is that OTR trucking does work for many drivers . . . but a successful career in trucking does not happen overnight.   It can, literally, take several years.   Understand the scams that exist within OTR truck driving and know what to be suspicious of when it comes to this industry.  One of those things is the Lease Purchase Plan.   Not only will they use it to rake in more of your hard earned money, but when you cannot hang on any longer . . . they will turn around and place a negative report on your DAC, hitting you twice and very possibly ruining your truck driving career.

I’ll say it again . . . Until you have worked for a company long enough to know that they are a good and honest employer . . . then . . . Stay away from trucking company leases!

To your success in trucking,

Allen Smith

© 2009 – 2016, 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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12 Responses to Trucking Lease Scam Perfect for DAC Lies. - Post a Comment

  1. George Grazette

    Thanks for the info was looking to sign a lease with JB Hunt once I moved back too Indiana. I guess I’ll just wait, watch & see before signing my soul and my CDL away!

  2. Allen Smith

    Hey George: When it comes to these owner operator lease purchase plans …. just be extremely careful! …… overall industry wide, it has been shown to have an 87% failure rate. Good Luck – Allen

  3. Mario O'Farrill

    letme start by saying that i just downloaded your book and what a breath of fresh air finally a no bs fountain of information i am thinking of getting back into trucking in 2010 i currently own a buisness that i’m not sure will be here in 2010 i have managed to save a little money and wanted your opinion i would like to drive for a company for about 12 months and then get my own truck i can pay for the truck cash so my overhead won’t be to high and i can purchase a new truck is it worth being an o/o with all your own authorities how do you see the trucking buisness in the next 2 years

    thank YOU

  4. dennyo

    stay as company driver please don’t make that mistake, do the formula
    how many miles per gallons your truck will give, 5, 6, 7, is about 5.5 per gallons,plus tolls, mainance, tire, your are going invest so much money that you will never see it.

  5. […] have often discussed the cons of going through one of the trucking company lease-purchase programs.  Thousands of truckers have fallen prey to these scams, and many are participating in […]

  6. Troy

    How long does a negative report (refusal to takea drug screen) stay on your Dac

  7. eddie

    if you failed to take a drug screen you will probably never get another job driving a semi in your life. Sometimes things might fall off your DAC but a refusal will not and the company will not they will also always been on your dac so you would have to put that on a new application and when the company you are applying for calls and verifies employment the company you refused the drug screen to will definately tell them what ya did. Suggestion dont do drugs while operating a commercial vehicle.

  8. Allen Smith

    Bigger suggestion: Don’t do drugs at all!

  9. Darrin Pinkett

    I was offered a position by a trucking company called CR ENGLAND. They train you and give you a job out of school. They also push the leases, hard. Can you suggest a place where I can get an honest review. Can you give one yourself?

    • Allen Smith

      STAY AWAY FROM TRUCKING COMPANY LEASES!!!!!!!!!!!!!!!!!!!!!!!!!

  10. John D.

    87% failure rate ! Just that is absolute proof it would be a huge mistake. I never understood why the victims never attempted to hear it straight from the horses mouth from a driver who had actually tried it. That is what saved me. I did that before listening to the bs sales pitch.

  11. […] have often discussed the cons of going through one of the trucking company lease-purchase programs.  Thousands of truckers have fallen prey to these scams, and many are participating in […]

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