Truckers Report Jobs

Find Trucking Jobs

Company Driver Company Driver Dry Van Dry Van Flatbed Flatbed Refrigerated Refrigerated Specialized Specialized Owner Operator Owner Operator
More Trucking Job Searches ⌄ Fewer Trucking Job Searches
⌃
  1. New Lease Purchase Jobs $0 Down and other incentives Click Here to see offers
    Dismiss Notice

End of LP deal......

Discussion in 'Lease Purchase Trucking Forum' started by chalupa, Sep 16, 2013.

Page 1 of 2
  1. Sep 16, 2013 #1
    chalupa

    chalupa Road Train Member

    3,757
    1,640
    Jul 22, 2010
    Houston,Texas
    0
    Ok drivers, need your input. I'm ready ( with cash ) to end my LP deal and obviously the carrier is giving me some sheet.

    The tractor is titled to the carrier at his home office in Illinois. I want to pay it off and have him hand me the signed ( open ) title. He won't, he refuses and says I need to give him check, let clear ( ok fine ) and title will be sent to local office from corporate . ( still ok so far ) Then he insists I register truck in my name in my state of Texas. If I don't he will hold my escrow til I do. ( I will have to have title for the transfer so he will hold escrow )

    This BS will cost me a grand or so and about a month for the paperwork turn which will hinder my ability to sell, trade and maybe even lease the truck elsewhere. There is nothing about this in my agreement with the carrier. Not a word.

    He's doing it so I can't payoff and leave....

    Your thoughts?
     
    chalupa, Sep 16, 2013
    chalupa, Sep 16, 2013
    #1
    mje Thanks this.
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Sep 16, 2013 #2
    Pound Puppy

    Pound Puppy Heavy Load Member

    974
    868
    May 31, 2010
    Amherst, OH
    0
    Call O.O.I.D.A. they're good at helping with l/p contracts and resolving issues like this.
     
    Pound Puppy, Sep 16, 2013
    Pound Puppy, Sep 16, 2013
    #2
    mje and chalupa Thank this.
  4. Sep 16, 2013 #3
    Roadmedic

    Roadmedic Road Train Member

    18,951
    8,979
    Apr 4, 2007
    0
    First, you do not need a check. If he is adamant, go and get a cashiers check which is a financial receipt and funds at time of transaction.

    Bill of sale is all you need to get this joker. He is required by law to provide the valid bill of sale and title.

    The problem is that this guy does not have title and is trying to buy himself time.

    Do not waste time with OOIDA. Get a local attorney for this. You need proper representation.
     
    Roadmedic, Sep 16, 2013
    Roadmedic, Sep 16, 2013
    #3
    old time, mje, 123456 and 6 others Thank this.
  5. Sep 16, 2013 #4
    Cat sdp

    Cat sdp . .

    19,870
    64,161
    Apr 8, 2012
    Orion's Belt
    0
    Your not alone, paid my truck off 4 weeks ago. Paccar financial says they mailed the title to me 2 weeks ago..... Still has not arrived .......lol.

    How much escrow are we talking about ? And were you planning to get your own plates anyway ?
     
    Cat sdp, Sep 16, 2013
    Cat sdp, Sep 16, 2013
    #4
    mje Thanks this.
  7. Sep 16, 2013 #5
    chalupa

    chalupa Road Train Member

    3,757
    1,640
    Jul 22, 2010
    Houston,Texas
    0
    Tks RM... good ideas. 3 grand Cat....3 grand......Actually no also. Plan to sell it or put it in storage for awhile. Got a new gig that don't require a truck, driver, license, medical card.....blah blah....plates, 2290...........LOL....escrow.....

    :)
     
    chalupa, Sep 16, 2013
    chalupa, Sep 16, 2013
    #5
    mje Thanks this.
  8. Sep 16, 2013 #6
    chalupa

    chalupa Road Train Member

    3,757
    1,640
    Jul 22, 2010
    Houston,Texas
    0
    Dispatchers...mechanics, tire men, pot bellied middle managers,..... sorry, couldn't resist.
     
    chalupa, Sep 16, 2013
    chalupa, Sep 16, 2013
    #6
    Hammer166 and mje Thank this.
  9. Sep 17, 2013 #7
    Casual Trucker

    Casual Trucker Medium Load Member

    495
    325
    Sep 7, 2012
    0
    Call OOIDA and seek legal council the only way this chump is going to respond to you if you or your legal rep send him a certified letter after the truck is paid for and your check clears the bank that he would have to pay you for your escrow money due you an $$$$ X amount of dollars.The registration of your truck is your concern not his you register your truck where ever you please as he is no longer the owner of that truck but you must pay it off first
     
    Casual Trucker, Sep 17, 2013
    Casual Trucker, Sep 17, 2013
    #7
    mje Thanks this.
  10. Sep 17, 2013 #8
    eiloen

    eiloen Bobtail Member

    29
    5
    Jan 24, 2010
    Nashville, TN
    0
    Ditto to the other posters. This is starting to smell like "Lawyer Time"
     
    eiloen, Sep 17, 2013
    eiloen, Sep 17, 2013
    #8
    cetanediesel, chalupa and mje Thank this.
  11. Sep 17, 2013 #9
    Old Man

    Old Man Road Train Member

    4,597
    13,466
    Apr 3, 2009
    Oklahoma City, OK
    0
    You screwed up their operation by paying off a LP deal. Tell him to get the title and you will bring cash.
    The truck probably has a lein against it along with all the other trucks they bought at the same time and now they have to get a clear title so they can give it to you.
    Push them hard, you did your part of the deal, now it's time for them to do theirs. OOIDA can be a low cost way to push their buttons.
     
    Old Man, Sep 17, 2013
    Old Man, Sep 17, 2013
    #9
    chalupa Thanks this.
  12. Sep 18, 2013 #10
    chalupa

    chalupa Road Train Member

    3,757
    1,640
    Jul 22, 2010
    Houston,Texas
    0
    I'm going to do a cashiers check and plan a measured response. Mouth piece wants $250 for a sabre rattling phone call. He thinks that will get it done.

    Going to use cell video during transaction for mouth piece to view n see if they start any sheet.

    I'll let you know......prolly be a week or so more.......

    I love controversy !!!!
     
    chalupa, Sep 18, 2013
    chalupa, Sep 18, 2013
    #10
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

    • Page 1 of 2