any body ever lease a truck from them ? how did it end ? they talk about a one dollar buyout in the end is that true ?
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Discussion in 'Lease Purchase Trucking Forum' started by little cat 500, Sep 12, 2014.
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Why wouldn't it be true. That is almost the normal lease purchase deal. Basically your just renting the truck until so many payments are made, then it becomes yours with the last dollar. All the interest is included in the rent payments. You have no legal ownership till all payments are made.
The thing to watch for is the quality of the truck and warrenty since you have to maintain that truck in as good of shape as you drove it off with.
Another thing to watch for in the lease is who you have to purchase insurance thru as their insurance could be quite inflated. -
John Christner Trucking also has a $1 buy-off at the end of a lease, which it think is 5 years. It's not that unusual; I think there are others, too.
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If I had to do a lease purchase, I'd rather go with a dealer vs a trucking company. With the dealer, your not locked into the company your hauling for which gives better leverage.
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1catfish Thanks this.
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got to the final payments and the buyout was 1 dollar have titles in hand good place to deal with for the buy here pay here guy
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Paid off in a year?...how much? What truck?
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2 year 360 week 5 g down
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