Jin
Poplar Bluff,#2UPDATE 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,#3UPDATE 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,#4UPDATE 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,#5UPDATE 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,#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.