Reading about these l/p if u can't stay out OTR almost indefinitely then don't do it, if you wunna go home all the tyme don't do it, if you can't go without the "luxuries"..lol
DON'T DO IT......but if your life me with no bills no responsibilities & don't care to stay out a lil longer I say go for it
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Discussion in 'Lease Purchase Trucking Forum' started by freightlinerman, Jul 6, 2014.
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1. Companies love it because you pay the bills
2. You wont quit because it will ruin your credit
3. You're forced to stay out on the road and work, or else you wont make any money!
Congratulations, you're now an indentured servant who can turn down loads, bob tail home and go 2-6 mph faster than your company driver! -
Speaking from a walk away l/p it can't destroy ur credit if u don't have any.....like me Pahaha
But also on that note when I left my last l/p it did nothing detrimental to my credit -
The end game with a lease is to take the title and drive a paid off truck, or take it to the dealer and use it as a trade in for a down payment on a new(er) one, this time in your own name. (They usually require 25% down if you go to the Peterbilt or Volvo dealer and want to talk about financing...)Hammyswaggin Thanks this. -
Ppl need to realize there is 2 diff types of lease programs lease purchase and a straight lease which is what I do I make good money and yes by the time my lease is up I will have played more than what the truck is valued at but 100% of my lease payments are tax deductible which isn't the case if your buying a truck I'm not sure how that is calculated but its not 100% of what you paid for the truck another thing is most of the people who are critical of a lease have never done one or failed because of stuff they did wrong but cant live with that fact so they blame it in the company they leased from really ppl where is it profitable for a company to see you fail
ARAYSTO, DarknLovelyPlus and Useless Thank this. -
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Cardinal Logistics has a better deal; it's a purchase, not a lease.
knuckledragger Thanks this. -
knuckledragger and surfernabox Thank this.
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