breaking a lease

You wait. You have signed a contract.

However, that is not to say that you can't negotiate something with the person that you signed the contract with. Call them and be 100% honest with them and ask them what could be worked out. Make sure they understand that you intend to honor your agreement if something can't be worked out (so they don't think you are threatening them) and do not be upset if they aren't willing to work with you (they may not have flexibility).

You may find that you have options that you are not aware of.

 

If.. you do decided to break a lease, you have to be ready for the penalties. You can be assured that if you are making money that the company you broke the lease with will seek compensation. BigBadBill is absolutely correct, contact the people you are leasing from and see if you can get out of it without a major hit to your credit score (because breaking a lease will seriously affect your credit) and possibly a one time pay fee. Honesty does get you places when it comes to creditors.

 

I agree, but if you leased a truck to a guy at 1000 a week would you let him out of it so he could get a truck for 1100 a month, when you living comes from leasing trucks? All you can do is contact the leasing and financing department to explain your situation. Maybe they will listen. but.......

Remember you are leasing thru Schneider to work for Schneider. If you break your lease I would guess you will have to find a new job. Consider ALL consequences of an action before taking that action. Think it thru.

 

ask in the schneider forum and see what others have done

i'm sure your not the only driver in your situation. and probably not the only driver who wanted to get out.

 

First off, its not black and white. Every company has different rules and penalties. The only correct answer is read your lease agreement with a fine tooth coam. If you want, scann it and post it and we'll take a look at it. In many cases you loose your money if you break it, but some have opt out options. Some will prorate the money you spent, some will let you brake if they can find another driver to finish your lease. It all depend on what you signed when you signed on the dotted line and speculation wont help you. The contract is the only right answer.

 

Reminds me of the old joke:

And random numbers are meaningless. The discussion was about your lease and getting out of it. If you are asking to compare payments I can't say what I would do because payments are the absolute worst way to evaluate something. A lot goes into figuring out a payment.

 

You signed a lease. It is a legal, binding contract. If you chose to break the terms of the lease there will be consequences. Read over your documents and those consequences will be spelled out somewhere, though maybe in fine print and confusing legal jargon. Under most circumstances you will be held to the terms in the contract. It might be worth it to you to break the contract. Business go into strategic default all the time, but they do it fully informed of the consequences of the default. Without seeing the actual terms of your current contract and the contract you're considering breaking it for, I'd be wary of saying anything beyond advising you to bring everything to a lawyer specializing on contract/business law (and preferably one who has experience in the trucking industry) and get his opinion.

 

I like Bill's idea..Be honest with them and see what they say.Honesty is often the best solution..Once you see where you stand you can go from there and go to plan B....