Want to avoid getting burned by a lease-purchase agreement?

**groundpounder** · 02.27.2010

Originally Posted by lilrobby

so what if you want to terminate your lease before it is up? do you have to pay a financial penalty?

depends on the lease, but most of the time yes..

**Truknguy68** · 05.13.2010

Yeah these companies are making money hand over fist and all at your expense if your a lease driver. It's not a good deal and it really only favors the company in the long run.

And what is worse is if your a newbie and don't know as much as you should then you really get stuck. For some people this type of program works but I think there are many more out there that is hasn't worked for than for those it has...

**sblaise08** · 05.24.2010

i was badly messed over by cr england with a lease and am very leery of those deals that sound like a dream .now the only dreams i have is that my wife will be gone when i wake in the mornings lol joke . i have a great family and all i want is a truck job where they treat me right and get me home when i say i need to be there

**old-six-pack** · 05.24.2010

Originally Posted by sblaise08

i was badly messed over by cr england with a lease and am very leery of those deals that sound like a dream .now the only dreams i have is that my wife will be gone when i wake in the mornings lol joke . i have a great family and all i want is a truck job where they treat me right and get me home when i say i need to be there

ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

**Skunk_Truck_2590** · 05.25.2010

Well no pun intened to anyone in a lease but it's the dumbest mistake you could ever make. By the time you make the payment and other BSs at the end of the week and by the time you boil down all the other BS involved along with the normal thing's we company driver's do and look at your pay check(if you even got one) and ask yourself, was it really worth all that extra BS to make a couple hundred more a week than a company driver?

**Rollover the Original** · 05.25.2010

Originally Posted by Skunk_Truck_2590

was it really worth all that extra BS to make a couple hundred more a week than a company driver?

go here and tell me where these lease/fleece drivers make MORE than a company driver! my 25 week W-2 Proof an LPs getting bent And the sad thing is after I made this thread not a single big time L/P driver has posted a W-2 to prove they are making money! I know it's embarrassing to think you're an Owner Operator but can't man up to the fact that you are getting bent by that bottom feeder leasing company! As i said SHOW ME! ROFLMFAO!

**musicmaker** · 05.27.2010

I know of a truck dealer that has a lease program. If you have the down payment, payments are in the 1200- 1300 range/ month. Down payments are in the 3500 - 4500 range. Most are 2 year payoffs and a few aree 3 year payoffs. The truck is yours at the end of that time. You can lease it to whomever you want or get your own authority. No percentages just make the payments.

**Rollover the Original** · 05.27.2010

Thats about the ONLY way to do a lease. All that's needed is a good company to sign on with that has good freight and trailers and go with it or get your own trailer and get your own freight that way BUT in both of these scenarios you need a operiating capital to tide you over paying bills untill your statements/BOL's start coming in on a regular basics. Only good buisness practice there is.

**CondoCruiser** · 05.27.2010

By the time you pay off a lease you are stuck with a broke down truck in need of serious $$$.
You have to think about medical insurance and retirement. Neither of them you get with a lease.
These companies paint pretty pictures and get you to lease. Then when they are ready, your miles drop and life becomes hell until you quit. Advantage trucking company. Heck even my company will take the trucks nobody wants and helps some sucker obtain financing through Paccar. Eventially they get tired of all the repairs and turn the truck in.

When things seem too good to be true, they usually are.

**CondoCruiser** · 05.27.2010

Originally Posted by dj trucker

some people dont have any other options for work or income- even if it means living on $150 cash advance every week. It beats sitting in a parking lot broke. At least theres a roof and bunk to sleep in

Low Income Housing!