Questions about Sammons Lease Purchase...

Sinister

Supermodel
Staff member
Supporter
I'm not really considering a lease puchase deal again, but if I did need a plan B (and we should all have one) I was looking into Sammons a bit. The website is a bit vague on info so I have a few thousand questions.


Let's start there. At 2:20, the guy says he's lease/purchased 3 trucks from Sammons. If the program is geared toward paying off the truck, why would one need to do this? My goal would be a paid for truck, then more hometime.

Where are the main freight lanes?

Who are the main customers?

Are there many brokered loads, and brokers to deal with?

What is the actual average revenue of a stepdeck and a decent work ethic?

Is pre-planning or pre-booking loads allowed?

How is paperwork handled? (transflo, UPS, trip pak?)

- when does it need to be in to make pay for that week?

What is the pay schedule? Weekly, every two weeks? Monthly?

How is fueling handled? Fuel card? Can a driver fuel anywhere he wants or is there a "fuel network". I saw the PDF on the website that listed every Loves/Pilot, and gut bomb burger place in the country. I'm partial to TA and Petro right now. If not the steakhouse next to the motel I'm in. LMAO! (I really do have it pretty good here...)

Is the driver responsible for things like tolls, since you're an "independent?"

How are permits for OD loads handled?

Who gets to haul OD loads? Is there some sort of filtering system like at ATS where testing was required and administered by a guy who hates his life and everyone? MAN that dude was an asshat...

Only stepdeck and flats are available in the Lease deal, correct? Why?

When the truck is paid for, can I buy a trailer through Sammons? An RGN?

Are there any 4 axle trucks for lease purchase?

Are there trailer payments or fees? What are they?

Are the trucks goverend? At what speed?

What is the average TAKE HOME PAY from the 26%?

What are the total amounts of the recurring costs?

What on average are the truck prices? For example, I saw a 07 387 Pete with decent mileage on it, but with a 10 speed (blaah), and a Pony pack APU (I believe)-- what would that truck be? Does it have a fridge? things like that. I saw this one on truck paper,, and I think thats about priced right. And it has an APU.

Do any other trucks have APU's?

Is there a securement package I have to buy? What is the cost? (I still have my ATS stuff...and more)

Is there an orientation? How long is it, and where does it take place? How would I get there? Would I have to room with a fat, smelly hillbilly who thinks it's sinful to bathe?

How are tractor tires handled? (at ATS we "rented" them)

Some of the trailers looked a little rough in the video (though I'm sure they're DOT decent) so how is maintenance on the trailers handled?

Does a guy pull the same trailer all the time, or is there drop and hook freight?

Is there a credit check to lease purchase?

I saw someplace an interest rate was mentioned. An interest rate on the tractor I assume but what's the rate?

Is money set aside in the 74% for incidentals and regular maintenance? Such as in an escrow account? Can it be drawn from for things like PM's and breakdowns?

What happens when a person goes behind in their lease? I never once did at ATS, but I ran across TONS of guys who did...for many reasons.They weren't ALL retards...many were...but not all.

A screen shot of an actual load board would be awesome, not just the brokered lumber out of South Dakota at 48000, with 8' tarps (though I do live near Weathershield in Medford, WI, and they buy TONS of that stuff so a load to get me home out of Rapid City might do the trick here and there...)

Do the loads on the boards have the rate listed, or does it require calling the agent with the load to determine pay?

How is load booking handled off the website?

How is freight overall out of Wisconsin? I saw military trucks in a few pictures. I know in the last few years those things have been gotten into by everybody and their brother, and the rate is in the tank. But Oshkosh is about an hour and a half from my house, and that's pretty easy freight, and i'm short and not getting any skinnier.

My biggest problem at ATS was that they really did go out of their way to keep guys away from home, and in my case theres no reason for that. I think they did it to keep guys working (unless they got near a terminal like Laredo or Fontana, then every recliner was full for a week straight-- it was ridiculous..) I still have a work ethic and bills to pay, but don't see any reason I can't run through the house under a load with decent frequency. I have one kid, and another on the way. I like to see them, but they have to be fed too. Id probably have stayed at ATS if I saw the loads I saw in the last month or so. Just about all of them went right where I needed, and paid good (in ATS-land). All I ever really wanted to decent profitability (as much as can be had in a lease deal) AND run through the house under a load here and there.

What's the hometime like at Sammons? Is eight weeks out common or an anomaly?

Specifics please, none of this "up to the individual" stuff. Most of us know that the company holds most of the cards in a lease purchase deal, and also sets the tone of the relationship (as far as I'm concerned). Very quickly at ATS I stopped believing I had as much control over my comings and goings as they advertised, and some of the other folks even believed (which was amazing to me..talk about sheeple)...which is why I asked for a screenshot of the actual Sammons load board.

Thanks Sammonsdude.
 

Sinister

Supermodel
Staff member
Supporter
Hopefully the dude shows up soon...otherwise it looks like I'm talking to myself.
 

Sinister

Supermodel
Staff member
Supporter
For the record, I didn't start this thread to be a jackwagon, I'm actually curious. Fact is, as in any startup business, the cards are stacked against you, and I'd really like to hear from some Sammons folks.
 

terrylamar

Well-Known Member
The load I'm pulling tomorrow is a Sammons load. It pays over $2.00 per mile when other loads out of here are about $1.00 per mile. I know it has nothing to do with the lease program, but that is promising.
 
Sorry for the delay.
The answers to your questions.
Floyd paid off his trucks and sold them and got into anothertruck. That is what he wants to do.
Our freight is 49 States and Canada. We don't have specificlanes.
Top5 customers would be the Military, John Deere, Aherns, Acouple Oil rig moving companies.
Average revenue for 2011 to steps and flats was $185,253.
Pre-planning is encouraged
Fax, E-mail, or Fed-Ex copies in to get paid and put theoriginals and logs etc. in postage paid envelopes.
Pay for Lease Purchase is 40% when loaded 60% when paperwork is received for Owner Operators whatever is received by noon Thursday wepay on Friday.
Com-Data for fuel. Whatever discounts we get you get.
Tolls are your responsibility we can get you an advance ifneeded.
Permit department gets all permits and escorts and wille-mail or fax you the permits.
OD ratings are by experience prior to us and with us.
Only steps and flats in Lease Purchase because we have founda better success rate with flats and steps.
When the truck is paid off you can buy a trailer of whateverones are for sale.
There are no 4 axle lease trucks.
Trailer rent $165 for flats, $190 for steps and $220 for 53'steps. Weekly and it includes everything.
Lease trucks are governed at 70mph.
Average take home pay for L/P is $2400/month
Recurring costs Bobtail $26/ mo., Oc/Ac $150/ mo., physicaldamage at .226, truck interest payments at 12%apr, plates spread across theyear around $1700 per year.

The 2008 and 2009 are around $80000. Each truck is differentas far as transmission, fridge, apu, etc.
We can supply securement equipment at $2025 or yours or amixture of the two.
Orientation is in Missoula, We'll fly you here and you haveyour own room its usually 2 to three days.
Tires are yours and your trucks.
Trailer rent covers trailer maintenance whatever they needwe will get it fixed for you.
One truck one trailer with us.
Yes we check credit but not for a score but outstandingtaxes, child support and such.
12% interest on the trucks.
Money is not "put aside". All the expenses willcome from the 74% and the FSC whatever is left over is what you make for atruck payment.
If your expenses are more than your revenue your balance youowe on the truck goes up less it goes down you should average over $2000 amonth to the truck but there will be a bad month.
I can't get a screen shot on here but call and we can gothrough it or I may be able to E-mail it to you.
Our load board has the line haul rate, fuel surcharge, stop,tarp, permits and escorts all separated out.
You need to talk to the agent or dispatcher to book loads.Cell phones with hands free is the regular way.
Wisconsin is good for freight.
Home time is your choice most are out 4 to 6 weeks at atime. You choose your loads. I know you didn't want to hear that but as long asyou are making progress to paying down the truck it's your choice. It's yourbusiness. You won't be able to make good revenue if you are always trying toget home but when the loads take you there go. Wi is not a tough place to get to.
 

Sinister

Supermodel
Staff member
Supporter
Wow.

I'm surprised you guys showed up.

Thanks for the info. It's pretty consistent with what I got from the contractor I've been in touch with. Your lease program seems a lot less nickel and dime than the other one I went through, and if my plan A tanks, I'll have to keep it in mind!

Otherwise, welcome to the forum, and feel free to peruse my wisdom and humor. Everyone else on here comes second to me!
 

Rigjockey

In Gord we trust!
Supporter
It took a bit but they actually replied . They are on top of their game .
 

Ragged Rooster

Banned
BANNED
My wife and I have checked into the Sammons lease thoroughly. There are better lease plans out there. There are too many "down sides" to leasing with Sammons. You pull your own loads off their board or other boards. You tarp at your expense. They get 25% off the top of you load. They get 12% interest on an inflated price of a used truck. You can't get a new one with them. The trucks are typically small sleepers because of the weight factor. If you've ever been in a 660 or a prostar, you know what I mean. There is NO room in either. Another is the engines. I'm sorry but I have no intentions of going through life at 80,000 gross almost load with a 435 horse ISX. You can NOT go "heavy haul" until your truck is paid for. You can't heavy haul OTR with that engine anyway. The truck is not set up for it and they know it. That's why they won't let you.

They want you to stay out 4 to 6 weeks with no room to store much of anything you'll need for that length of time. I don't mind 2 or even 3 weeks out but 4 to 6 is too damned long. If you and your wife are planning on traveling together, plan on doing laundry ever 3 or 4 days and spending a LOT of money on food in restaurants. There is no room for stocking groceries or cooking utensils. We barely had room enough in a Pete 387.

Their trailer rental is one of the highest I've seen. Granted, they take care of the maintenance, but so does everyone else. If the trailer breaks down, you lose revenue.

You guys do what you like, but I'll wait for the right lease to come around. As far as I'm concerned, the whole reason for leasing a truck is to be more on your own. With what they charge and their restrictions, all I'd wind up with is an 8 year old truck with a million miles on it when it's paid for with little or no resale value.

I have a friend who leased from USA TRUCK. He lost his ASS! Fortunately, it was a walk away lease. Whatever you do, research it thoroughly BEFORE you sign or you'll be stuck in a mess you can't get out of.
 
You can choose your loads from our load board, We have 50agents that are looking to match you up with their loads and you can take loadsfrom third parties if you wish as long as we can get them credit.

12 % interest is correct.

We stand behind thetrucks we lease out for the term of the lease and will cover any repairs theyneed for the first 30 days, we have cleaned the DPF had a 150 point check doneon them and an overhead if the truck is new to us, plus headache rack. We flyyou out to Montana and get you in the truck. So yes the price is higher than a dealer thatgives it to you as is.

If the load pays you to tarp you and the truck get 100% ofthat money. You choose your loads and we try to make sure there is always atarp charge in any load with a tarp.

The 25% is on line haul only. You and the truck get 100% ofthe fuel surcharge, stops, tarps, detention, etc.

The trucks we have are 450 to 500 Cummins ISX. The Prostarsare mid roof 72 inch sleepers, the Kw's have been T660's with 72 inch sleepers.We had some Volvos with wit 77 inch sleepers.

The lease trucks don't go in heavy haul. That is correct butif you pay off the truck or pay the truck down past 50% you can go fixedpayment and get an RGN as they come available.

We recommend that you stay out 4 to 6 weeks. Depending onwhere you live of course this can vary but if you are always trying to get homeyou may pass up some better paying loads and depending on where you live therates out of your home may not be that strong. Most contractors try and getthrough the house when they can but don't go home to take time off until fourto six weeks.

Trailer rent is $160 a week for flats $195 for steps and$220 for 53" steps. This includes maintenance, licensing, insurance andtires. The statement of if the trailer breaks down you lose revenue is soundbut we have a one trailer to one truck arrangement. If you keep your trailer upyou shouldn't break down. I you were to go to a percentage contract if you runwell you would spend more. The percentage plans only reward people who sit athome. Many companies do not cover tires and some don’t do brakes either.

Our Restrictions are: not in heavy haul (unless you are paidoff or on fixed payments) and no Alaska in the winter. Those are the onlyadditional restrictions on the L/P fleet.

We are not USA Truck and do not aspire to be them.

Our Lease is a walk away lease and we also allow you to getoutside financing if you want. If you have the truck financed by a third partyyou can take the truck to another company

At Sammons we know that we are not the right fit foreveryone and do not want to be.

We are a 100% Owner Operator company. We specialize in opendeck transportation and over dimensional freight.

We were voted on of the top 20 companies to drive for in2012 by the TCA, We were voted one of the top two safest carriers in Montana in2012.
 

blackw900

Flatbedder For Life!
My wife and I have checked into the Sammons lease thoroughly. There are better lease plans out there. There are too many "down sides" to leasing with Sammons. You pull your own loads off their board or other boards. You tarp at your expense. They get 25% off the top of you load. They get 12% interest on an inflated price of a used truck. You can't get a new one with them. The trucks are typically small sleepers because of the weight factor. If you've ever been in a 660 or a prostar, you know what I mean. There is NO room in either. Another is the engines. I'm sorry but I have no intentions of going through life at 80,000 gross almost load with a 435 horse ISX. You can NOT go "heavy haul" until your truck is paid for. You can't heavy haul OTR with that engine anyway. The truck is not set up for it and they know it. That's why they won't let you.

They want you to stay out 4 to 6 weeks with no room to store much of anything you'll need for that length of time. I don't mind 2 or even 3 weeks out but 4 to 6 is too damned long. If you and your wife are planning on traveling together, plan on doing laundry ever 3 or 4 days and spending a LOT of money on food in restaurants. There is no room for stocking groceries or cooking utensils. We barely had room enough in a Pete 387.

Their trailer rental is one of the highest I've seen. Granted, they take care of the maintenance, but so does everyone else. If the trailer breaks down, you lose revenue.

You guys do what you like, but I'll wait for the right lease to come around. As far as I'm concerned, the whole reason for leasing a truck is to be more on your own. With what they charge and their restrictions, all I'd wind up with is an 8 year old truck with a million miles on it when it's paid for with little or no resale value.

I have a friend who leased from USA TRUCK. He lost his ASS! Fortunately, it was a walk away lease. Whatever you do, research it thoroughly BEFORE you sign or you'll be stuck in a mess you can't get out of.



So....Don't lease with them.


I have a friend that has a truck leased to them (He didn't get it from them) He is VERY HAPPY at Sammons! They are not perfect according to him but then, No Company Is Perfect.
I would lease on with Sammons if I was considering a big company to lease to.
 

Ragged Rooster

Banned
BANNED
blackw900 said:
So....Don't lease with them.


I have a friend that has a truck leased to them (He didn't get it from them) He is VERY HAPPY at Sammons! They are not perfect according to him but then, No Company Is Perfect.
I would lease on with Sammons if I was considering a big company to lease to.

I have no intentions of leasing from them. Thank you for the advice. Someone asked for info and I gave what I found. Obviously you didn't like what I had to say and I'm sorry about that. I was just answering a question honestly.

Any company who runs the price of a USED truck up by 20 % to start with, then have the huevos to charge you 12% APR isn't someone I would deal with.


In your post, you are arguing apples and oranges. The OP wanted to know about leasing a truck with Sammons. Your post says your friend didn't buy his truck from Sammons but is leased to them and happy. I'm happy for him, however you didn't address the original post.


Have a nice day
 

blackw900

Flatbedder For Life!
I have no intentions of leasing from them. Thank you for the advice. Someone asked for info and I gave what I found. Obviously you didn't like what I had to say and I'm sorry about that. I was just answering a question honestly.

Any company who runs the price of a USED truck up by 20 % to start with, then have the huevos to charge you 12% APR isn't someone I would deal with.


In your post, you are arguing apples and oranges. The OP wanted to know about leasing a truck with Sammons. Your post says your friend didn't buy his truck from Sammons but is leased to them and happy. I'm happy for him, however you didn't address the original post.


Have a nice day

If you have no money and you have no credit and yet you still think it's a good idea for you to buy or lease a truck....I suppose they can dictate whatever terms they choose to.
 

Ragged Rooster

Banned
BANNED
If you have no money and you have no credit and yet you still think it's a good idea for you to buy or lease a truck....I suppose they can dictate whatever terms they choose to.
I suppose so. But if you have no money and no credit you won't make it in the trucking industry. Having no money and no credit doesn't necessarily mean that you are stupid enough to get into a bad lease either.
 
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