Posts Tagged “lease-purchase plan”
Few things in the trucking industry are frowned upon more than lease-purchase plans. Go to work for a trucking company, lease a truck from that carrier with the idea of one day owning it. Failure for the deal to work out is blamed on everything from low driver pay to high interest rates and the carrier not providing the driver with enough miles The truck eventually goes back to the carrier, when the driver can’t make the payments. Then the process is just repeated.
Shaun Smith of Sanford, FL has been with KLLM Transport Services, Jackson, MS since last January. The 12-year trucking veteran has entered into a lease-purchase plan with the large carrier and says it is working out fine. He is making good money, logging a lot of miles and is making a living for his wife and four kids, who ages range from two to 14 years old.
The 34-year-old driver says he is averaging 3,000 miles a week, or about 150,000 miles a year. He drives a 2008 Freightliner with a Detroit DD15, pulling a 53-foot trailer with a Carrier Ultama XTO X Series reefer unit.
Shaun enjoys trucking because he gets to see a lot of the country, plus make a decent living while doing so. His primary complaint is with heavy traffic, especially in large cities such as New York and in California.
He started trucking after finishing high school, got married, and then went into water well drilling in Mississippi. He then moved to Florida, working in a warehouse for a fast food company. But trucking remains his first love.
“KLLM is a good company. I’ve got one more year before this truck is paid for,” Shaun says. “I got it on a lease-purchase plan. If you have the money to buy a truck right off the lot, then that’s a good way to do it. Under a lease-purchase plant you had better have a good carrier.”
Shaun had just delivered a load of soda pop from California to Oklahoma. He was waiting to pick up a load of muffins in Tulsa for delivery to Concord, NC.
He also hauls a lot of produce loads.
“I have no problem with hauling fresh fruits and vegetables. You have to keep a close eye on the temperature. But I like hauling it as well as anything,” he says.
As far as being the road so much, Shaun observes, “You have to have a strong mind and be able to be away from your family. It can be hard. But it is a good career.”