Ok, so the truck I have now is killing me. $1850/month payment, which is NOT the problem. The issue is the AVERAGE of $5500 per MONTH in maintenance/repair costs. Add in downtime of 5 to 10 days a month, and my bank has been ripped raw and bloody.
Im sitting here with a deal on the table to lease a brand new truck for $3800/month. At the end of the 3 year lease, I can choose to get my down payment returned, or keep the truck. (this is comming from a major Volvo dealer, not a trucking company, or fly by night dealer)
Running the numbers over and over, Im 99% sure i can do this, as $3800 is still way less than the $6k to $7k my old truck is/was costing me. The high payment comes from my horrid credit rating, and not having owned a truck for as long as they would like to see.
My question is this. How high of a lease payment is realistic? I would like to get some input from others who have taken on high lease payments and lived to tell about it.
Thanks
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High lease cost?
Discussion in 'Lease Purchase Trucking Forum' started by SpiritWolf, Sep 28, 2014.
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Lease=fools move
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If you are putting a down payment down then buy the truck.Lease's are made to make the company or dealer richer not you.I'm sure you could get a newer truck for less than $10k down and payments of less than or around $1000 a month
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And no, I would not sign up for a lease/purchase through any trucking company. This is a BANK lease... -
and yeah, i could get a "newer" truck, but im aiming for "new", complete with all the fancy warranties and such.. -
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Doing alright... Getting back into the work field so I've been filling out app's for local P&D jobs... Hoping to get on at ABF, they have a terminal 5 miles from my house so the commute to work will be a breeze...
How is your lease going? Winter driving is right around the corner fun fun... -
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nothing worse than making payments on a truck that is breaking down a lot
at that rate you could have just bought a 20k beater and ran it till it blew up and you'd probably do a lot better.
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