There are approximately 3.5 million truck drivers in the U.S. With these numbers, it’s no secret that truck drivers are the backbone of America’s economy. And, like with any job, America’s truck drivers know that there are ways to achieve higher goals in this field. The question that often arises for ambitious truck drivers is: What is the difference between lease to own and lease to purchase trucking.
Well, here’s the answer: The two terms mean the exact same thing. So, if you’re one of the many truck drivers in America looking to expand your horizons, lease to own (or purchase) is your ticket to success.
But what is lease to own? Lease to own essentially means that you can make payments on a vehicle over time and eventually own the carrier freight once it’s paid off.
If this sounds like an option that you would be interested in, this article is for you. Read on to learn everything you need to know about lease to own!
Finding the Best Trucking Company – Lease to Own
When it comes to lease to own trucks, you want to make sure you’re working with the top truck companies. You’ll likely turn to Google and search truck companies near me or freight companies near me. When you do this, you need to know what you’re looking for.
To prepare you, here’s a list of things to look for in your local trucking company.
Do They Value Your Long-Term Career?
You want to make sure that you find a truck company that has your best interests in mind. The best way to ensure this is to make sure they have logistic services that benefit your career long-term.
These services might include scheduled bonuses, incentive programs, a commitment to promote from within, etc.
Do They Offer Lease to Own Programs?
The next thing you want to ask yourself is does the freight company near me offer lease-to-own semi-trucks? This question goes hand-in-hand with having a valued long-term career.
However, the difference is that a lease-to-own opportunity gives you more agency than an incentive program. Do your research to make sure that the trucking companies near you have these important programs.
Do They Have a Long-Standing Reputation?
Another important quality for freight companies is that they have a positive long-standing reputation. How many years have they been in business? Do they get good reviews from the businesses they work with?
Ideally, you want the flatbed truck companies you work with to have been around for at least 15 years. This will ensure that they have experience with consolidation freight, drop trailers, and hauling dry van freight. The longer they’ve been in business, the better.
Are They a Transparent Company?
If a trucking business is really great, they’ll be transparent about how they conduct business. You’ll be able to tell if they are transparent through a comprehensive section on their website.
It’s important to work with an honest company. You’ll be working with them directly either as an employee or as someone leasing to own a truck. It’s easier to do this with a company you know you can trust.
Benefits of Lease to Own
If you’re considering the lease-to-purchase option, you’ll be happy to know that the benefits are endless. Owning a freight truck takes time but pays off in the long run.
Make More Money with Lease to Own
Truck drivers who lease to purchase typically make $1,500-$3,000 per week. However, the amount you make also depends on how much you choose to drive. Truck transportation with a vehicle that you’re working towards owning makes you more money because you have control over how often you’re on the road.
Be Your Own Boss
Once you own the vehicle after leasing to purchase, you can start your own trucking business. Even if it’s a one-man show, you have the experience and resources to build a clientele and work for yourself.
Create a Flexible Work Schedule – Lease to Own
Whether you are leasing to own a truck or already own one, creating a flexible schedule is a perk that comes with both. This means that you have the ability to work whenever you want. This might mean less on the week of your wife’s birthday or more around the holidays.
Benefits for Businesses Who Need a Broker for Freight
If you’re a business looking for reliable freight brokerage, you should focus your search on trucking services that offer lease-to-purchase programs. You’ll be able to trust that these trucking businesses are hiring qualified and ambitious employees to do your truck driving.
Looking for a Truck Driving Job?
Once you’ve found a great company to work with, you no longer need to search for truck driver jobs near me. Let’s talk about all the different elements of truck jobs.
Keep in mind: Truck driving jobs that are local can be great, but if you’re willing to relocate this is something to tell employers.
What You Need
For most truck jobs, you need a Commercial Driver’s License (CDL). This training certifies you to drive broker freights. A CDL driving job typically pays more than a Non-CDL job.
Additionally, trucking jobs for owner-operators require CDL training. So, if you plan on leasing to own, you need to make sure that you get certified.
Driving Non-CDL Jobs
There are certain driving jobs that don’t require a CDL. However, these jobs are very different and often don’t have the same options for lease to own. If you search for truck jobs near me, make sure to specify what kind of driving job you’re looking for.
LTL stands for “less than load.” So an LTL freight is carrying cargo that is less than its full capacity. As a trucking owner-operator, you can decide whether or not you want to do LTL shipping.
Businesses are required to get an LTL freight quote in order to do this kind of business. A freight quote for LTL varies depending on how much cargo is shipped.
Doing carrier LTL is a service that most trucking services offer if you inquire.
Cross-docking is another job you may do as a truck driver. This is when a product is transferred from one truck to another by way of consolidation. There are a wide variety of reasons that this may occur and most of them have to do with convenience.
This is another instance where a specific freight shipping quote may be required.
Hotshot delivery is something that requires quick, efficient driving. If you’re making a hotshot delivery, it’s usually a smaller, more urgent shipment that only goes to one place.
If you feel like you’re able to work under a time crunch, then this type of delivery driving is for you.
Refrigerated truck driving transports perishable goods. Trucking jobs of this nature depend on where you decide to work. If you want to consider a lease to own at your place of business, it would probably be smarter to work with a different type of freight.
Choose Morris Trucking to Take Your Career or Business to the Next Level – Lease to Own
Whether you’re a business owner in need of shipping or a truck driver looking for a lease-to-own opportunity, Morris Trucking has your back. We hope you’ll never have to Google trucking service near me ever again.
We pride ourselves on being a transparent company. We’ve been shipping carrier goods across the country since 1925.
Contact us today if you’re looking for a trucking quote or a truck driving job. We’ll help take your business or career to the next level.