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Buying ROUTES/ISP Don't trust Fedex Or Contractors
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<blockquote data-quote="bacha29" data-source="post: 3491240" data-attributes="member: 58386"><p>Part 4 of your explanation puts everything if perspective. The only tangible asset you the contractor exclusively own assuming that you have them paid for are your trucks. One of the fastest depreciating pieces of equipment known to the US economy. Your proprietary rights are an intangible asset 100% supported by XG's willingness to support them by means of the granting and conveyance of those rights which can be revoked at any time for any reason. </p><p></p><p>I will never understand why any bank would grant a loan in an amount greater than the book value of the trucks. yet some still do but for how long ...you just don't know.</p><p>BTW. Your comments regarding the relationship between contractors are spot on. They're all greedy. The wanted it all for themselves. One of XG's most effective management tools is found in the way they play them off against one another like well......rat's in a cage.</p><p></p><p>By far the biggest injustice of all is the belief on the part of many contractors that there will be this huge golden parachute waiting for them when they sell for they believe will be millions. Well, it might be there but as XG has stated many times they are not in the business of creating an enterprise for anyone including route contractors. Therefore that hoped for pay off will only occur if there is a market for the contractor's routes . Unfortunately XG will decide whether or not to allow for the creation of that market proving conclusively that they do in fact control everything from the first day you're there until the last day you're there.</p></blockquote><p></p>
[QUOTE="bacha29, post: 3491240, member: 58386"] Part 4 of your explanation puts everything if perspective. The only tangible asset you the contractor exclusively own assuming that you have them paid for are your trucks. One of the fastest depreciating pieces of equipment known to the US economy. Your proprietary rights are an intangible asset 100% supported by XG's willingness to support them by means of the granting and conveyance of those rights which can be revoked at any time for any reason. I will never understand why any bank would grant a loan in an amount greater than the book value of the trucks. yet some still do but for how long ...you just don't know. BTW. Your comments regarding the relationship between contractors are spot on. They're all greedy. The wanted it all for themselves. One of XG's most effective management tools is found in the way they play them off against one another like well......rat's in a cage. By far the biggest injustice of all is the belief on the part of many contractors that there will be this huge golden parachute waiting for them when they sell for they believe will be millions. Well, it might be there but as XG has stated many times they are not in the business of creating an enterprise for anyone including route contractors. Therefore that hoped for pay off will only occur if there is a market for the contractor's routes . Unfortunately XG will decide whether or not to allow for the creation of that market proving conclusively that they do in fact control everything from the first day you're there until the last day you're there. [/QUOTE]
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