Take over my Swift Lease

Discussion in 'Lease Purchase Trucking Forum' started by hthammond, Sep 11, 2014.

  1. VaGump

    VaGump Light Load Member

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    Nov 13, 2013
    pennsylvania
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    I turned my trk in. They told me the same thing about liable wv for payment. Have not seen bill one. That was 4 months agol. Just turn it in.
     
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  3. boneebone

    boneebone Road Train Member

    2,233
    2,268
    Mar 13, 2009
    0
    You won't see a bill, it will be on your Credit Report, and to the OP, why would you Lease a truck with less than 1 Year experience, sounds like you got in over your head. $610 a week plus Insurance, Qcomm, Prepass and fuel, =you're minimum 1k in the hole at the start of every week.
     
    Last edited: Sep 15, 2014
    chalupa Thanks this.
  4. DenaliDad

    DenaliDad Retired Wheel Dog

    It's the most common reason for lease failures. He heard the big numbers thrown around early on and didn't do enough research.
     
    jbatmick and chalupa Thank this.
  5. hthammond

    hthammond Bobtail Member

    28
    5
    Apr 22, 2014
    Sultan, Wa
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  6. DenaliDad

    DenaliDad Retired Wheel Dog

  7. hthammond

    hthammond Bobtail Member

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    Apr 22, 2014
    Sultan, Wa
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    In 1 aspect you are right not enough research before i jumped in. I didnt relize about fuel first i was over fueling thinking it all come out, then i fuel with out being dispatched. I got into trucking because i trying to save every thing i had lol I lost it all not being able to come home in 3 months. So i thought I i can make the best of it any way and calledd my truck home. in 15 months i only did home time 3 times every time i go to my moms it seemed i get punished for a 2 or 3 day out of the truck because i wouldnt get load for a week or 2. then they send me to locations were i have to dead head 300-500 miles. I have discovered throw it all that i enjoy OTR and Plan on getting on with another company 1 that treat me right. I dont think i could be a company driver again but if the company is good to there drivers i give it try
     
  8. MysticHZ

    MysticHZ Road Train Member

    5,817
    5,561
    May 28, 2010
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    You leased before you learned to run ... as an O/O Swift doesn't "send" you anywhere unless you're willing to go there.

    A picture is worth a 1000 words ... keep your truck clean ... all those doodads are waste of money ... I cleared $51K after taxes last year and spent almost 3 months on hometime.
     
  9. hthammond

    hthammond Bobtail Member

    28
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    Apr 22, 2014
    Sultan, Wa
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    All the doodads believe it or not are for safety. As long as there looking then they are semi aware. lol
     
  10. dca

    dca Road Train Member

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    11,424
    May 31, 2011
    Earth
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    So how many miles per week must you drive just to meet the payments ? 1800 ?
     
  11. DenaliDad

    DenaliDad Retired Wheel Dog


    That depends on all kinds of factors. And there are many more "payments" that must be made than just the truck rental. My guess is you would be stressed trying to do it on 1,800 miles a week, though if you got the right ones - short-haul, high pay - you might. Anyone considering a lease must have drive experience AND some business sense to make it. You'll have to deal with an accountant and lawyer. You'll have to read and understand and apply what's in a very complex contract.

    Do not get all gaga about the high pay they float in front of you; they're talking about the successful lessors, not beginners, and they're talking about gross, not net income. Trucking is a tough business, even for company drivers. Add the lease/purchase aspect and it gets down right nasty. Take some business classes somewhere. Study basic accounting. Drive through four seasons all over the country as a company driver, only responsible for the getting the load to its destination on time. Then you'll have an idea of how to do the job and whether you're a good candidate to lease and start your own business.
     
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