JB Hunt Lease Program & Escrow Account Ripoffis only for JB Hunt not the one who puts in the miles!! Lowell Arkansas
JB Hunt Lies! They make promises, but forget to tell their drivers that they are working to pay for the expensive company ventures. The lease program is a joke! They will not get you the miles they promise in thier lease, will not give you the home time - all the money made goes back to them. When you smarten up and quit, take your truck to a terminal, and do everything your "suppose" to do, you will not get your escrow money - even though you put in the miles for that money!
My husband leased, returned the truck clean to a local terminal and they will not give him his last paycheck (which none have been over $300) and will not return the escrow money he has. He never had anything fixed, so why does JB have the right to keep the escrow monies. He worked and drove for that money - it should be legally his!! Now they are threatening to send him a bill for a retrieval fee on the truck - It's sitting at a JB Hunt terminal!! He didn't make enough money to take the truck to Lowell and beable to get a ticket back to Ohio!
If you don't have anything and want to give your life to JB - go for it, if you have a family and need to make money to survive - LOOK ELSEWHERE!!
Lori
Farmdale, Ohio
U.S.A.
5 Updates & Rebuttals
Jin
Poplar Bluff,Missouri,
U.S.A.
bet he didn't
#6UPDATE Employee
Sun, June 17, 2007
Read that JB Hunt Lease completely from front to back, before he signed it. No JB hunt Contract, LP Or IC states any gaurentee of weelky miles in it. Hometime, hey your buyig the truck, you go home when you want. If you want to DH or wait for a load going that way, its still your choice. JB doesn't care as long as they get their weekly payments(trk,insur, etc)
Just a guess, but if he had read that contract completely, then he would have known that that the truck MUST be returned a place specified by JB Hunt(usually where the truck was picked up from). thus he will be charged a recovery fee. No company is going to say, "Yeah just drop the truck off at any yard and we will eat the cost of getting it back here". They either have to pay a company driver to bring it back or have a recovery service get it and bring it back. A truck dealer of bank would do the same thing.
Escrow funds will be held to cover any outstanding expenses that are owed to the
company(if any) and any balance will be returned.(recovery fee, Tires, Brakes, etc, etc) The truck has to meet the same specs it was in when leased out.(also stated in the contract)
No lease purchase programs are not for everyone and wheather its a L.P throught a company or getting a trk throught a dealer, you still have to have business sense to survive. $1.25 cpm would be a nice start, but if leased to a compay, don't hold your breath on it. But you can make a living on that, but you have to be willing to make some serious sacrafices to do it.
Now, I'm not saying that JB Hunt is a perfect company to work for, By far no. But they really are no different than any of the other BIG companies out there. They are in business to make a buck. Truck me I have been with JB Hun 4.5 years now and have gone thru the L.P program and paided off the truck. It wasn'y easy at times, but i did it and to be hones there aren't to many who complete L.P agreements. Whether its with JB or any other company.
Jin
Poplar Bluff,Missouri,
U.S.A.
bet he didn't
#6UPDATE Employee
Sun, June 17, 2007
Read that JB Hunt Lease completely from front to back, before he signed it. No JB hunt Contract, LP Or IC states any gaurentee of weelky miles in it. Hometime, hey your buyig the truck, you go home when you want. If you want to DH or wait for a load going that way, its still your choice. JB doesn't care as long as they get their weekly payments(trk,insur, etc)
Just a guess, but if he had read that contract completely, then he would have known that that the truck MUST be returned a place specified by JB Hunt(usually where the truck was picked up from). thus he will be charged a recovery fee. No company is going to say, "Yeah just drop the truck off at any yard and we will eat the cost of getting it back here". They either have to pay a company driver to bring it back or have a recovery service get it and bring it back. A truck dealer of bank would do the same thing.
Escrow funds will be held to cover any outstanding expenses that are owed to the
company(if any) and any balance will be returned.(recovery fee, Tires, Brakes, etc, etc) The truck has to meet the same specs it was in when leased out.(also stated in the contract)
No lease purchase programs are not for everyone and wheather its a L.P throught a company or getting a trk throught a dealer, you still have to have business sense to survive. $1.25 cpm would be a nice start, but if leased to a compay, don't hold your breath on it. But you can make a living on that, but you have to be willing to make some serious sacrafices to do it.
Now, I'm not saying that JB Hunt is a perfect company to work for, By far no. But they really are no different than any of the other BIG companies out there. They are in business to make a buck. Truck me I have been with JB Hun 4.5 years now and have gone thru the L.P program and paided off the truck. It wasn'y easy at times, but i did it and to be hones there aren't to many who complete L.P agreements. Whether its with JB or any other company.
Jin
Poplar Bluff,Missouri,
U.S.A.
bet he didn't
#6UPDATE Employee
Sun, June 17, 2007
Read that JB Hunt Lease completely from front to back, before he signed it. No JB hunt Contract, LP Or IC states any gaurentee of weelky miles in it. Hometime, hey your buyig the truck, you go home when you want. If you want to DH or wait for a load going that way, its still your choice. JB doesn't care as long as they get their weekly payments(trk,insur, etc)
Just a guess, but if he had read that contract completely, then he would have known that that the truck MUST be returned a place specified by JB Hunt(usually where the truck was picked up from). thus he will be charged a recovery fee. No company is going to say, "Yeah just drop the truck off at any yard and we will eat the cost of getting it back here". They either have to pay a company driver to bring it back or have a recovery service get it and bring it back. A truck dealer of bank would do the same thing.
Escrow funds will be held to cover any outstanding expenses that are owed to the
company(if any) and any balance will be returned.(recovery fee, Tires, Brakes, etc, etc) The truck has to meet the same specs it was in when leased out.(also stated in the contract)
No lease purchase programs are not for everyone and wheather its a L.P throught a company or getting a trk throught a dealer, you still have to have business sense to survive. $1.25 cpm would be a nice start, but if leased to a compay, don't hold your breath on it. But you can make a living on that, but you have to be willing to make some serious sacrafices to do it.
Now, I'm not saying that JB Hunt is a perfect company to work for, By far no. But they really are no different than any of the other BIG companies out there. They are in business to make a buck. Truck me I have been with JB Hun 4.5 years now and have gone thru the L.P program and paided off the truck. It wasn'y easy at times, but i did it and to be hones there aren't to many who complete L.P agreements. Whether its with JB or any other company.
Jin
Poplar Bluff,Missouri,
U.S.A.
bet he didn't
#6UPDATE Employee
Sun, June 17, 2007
Read that JB Hunt Lease completely from front to back, before he signed it. No JB hunt Contract, LP Or IC states any gaurentee of weelky miles in it. Hometime, hey your buyig the truck, you go home when you want. If you want to DH or wait for a load going that way, its still your choice. JB doesn't care as long as they get their weekly payments(trk,insur, etc)
Just a guess, but if he had read that contract completely, then he would have known that that the truck MUST be returned a place specified by JB Hunt(usually where the truck was picked up from). thus he will be charged a recovery fee. No company is going to say, "Yeah just drop the truck off at any yard and we will eat the cost of getting it back here". They either have to pay a company driver to bring it back or have a recovery service get it and bring it back. A truck dealer of bank would do the same thing.
Escrow funds will be held to cover any outstanding expenses that are owed to the
company(if any) and any balance will be returned.(recovery fee, Tires, Brakes, etc, etc) The truck has to meet the same specs it was in when leased out.(also stated in the contract)
No lease purchase programs are not for everyone and wheather its a L.P throught a company or getting a trk throught a dealer, you still have to have business sense to survive. $1.25 cpm would be a nice start, but if leased to a compay, don't hold your breath on it. But you can make a living on that, but you have to be willing to make some serious sacrafices to do it.
Now, I'm not saying that JB Hunt is a perfect company to work for, By far no. But they really are no different than any of the other BIG companies out there. They are in business to make a buck. Truck me I have been with JB Hun 4.5 years now and have gone thru the L.P program and paided off the truck. It wasn'y easy at times, but i did it and to be hones there aren't to many who complete L.P agreements. Whether its with JB or any other company.
Steve
Bradenton,Florida,
U.S.A.
Lori, ALL "lease" programs are a rip off. There are no good ones.
#6Consumer Suggestion
Sun, June 10, 2007
Lori,
Every lease program I have seen out there is a total rip off. They usually prey on new drivers who don't know any better. This should be illegal.
Once a driver gets some working knowledge of the trucking business, it becomes obvious that they are giving you loads that are priced at or below what it costs to move the truck down the road, leaving a negative earnings situation for the driver.
this lease scam is what allows big companies to move cheap freight. Any percentage deal is a bad one and should be avoided. You have to have control over the rate per mile you get, and know what your minimum is.
It costs an owner operator at least $1.25 per mile just to roll that truck down the road. that is REAL cost with everything figured in. So how can anyone haul dollar per mile freight? The answer is, they can't. Not for long anyway!
You simply cannot operate for a revenue that is below your operating cost.
Those lease programs are a smoke and mirrors game.
Either buy your own truck and get your own operating authority OR be a company driver/employee. Those are the ONLY 2 good options.