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Canadian lease purchase. what do you think about this one?

Discussion in 'Lease Purchase Trucking Forum' started by grojg, Dec 8, 2014.

Page 1 of 2
  1. Dec 8, 2014 #1
    grojg

    grojg Bobtail Member

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    Dec 8, 2014
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    Lease payment .25 CPM plus tax.
    Maintenance escrow .05 CPM
    Term 360,000 miles with $70,000 buyout option at the end.

    Truck is brand new Lone Star.

    Am I crazy for thinking I should be able to buy this out no problem assuming I average 2500 miles a week in 3 years, at which point the lease should end?

    I have no more than $15,000 in personal expenses annually. I mean, even after fuel and paying taxes, I should be looking good..

    is there something I'm overseeing? assuming I do in fact
    average 2500/weekly within a frame of 3 years. also keep in mind only personal expenses are satellite fee, heavy vehicle tax and accident deductible is up to 5k.
     
    grojg, Dec 8, 2014
    grojg, Dec 8, 2014
    #1
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  3. Dec 8, 2014 #2
    MysticHZ

    MysticHZ Road Train Member

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    May 28, 2010
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    Until you lay some facts out here ... yeah you're crazy
     
    MysticHZ, Dec 8, 2014
    MysticHZ, Dec 8, 2014
    #2
  4. Dec 8, 2014 #3
    grojg

    grojg Bobtail Member

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    Dec 8, 2014
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    what facts should I lay out there
     
    grojg, Dec 8, 2014
    grojg, Dec 8, 2014
    #3
  5. Dec 8, 2014 #4
    grojg

    grojg Bobtail Member

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    Dec 8, 2014
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    $1.02 a mile loaded or empty and .35 FSC.. thought I added that in there.
     
    grojg, Dec 8, 2014
    grojg, Dec 8, 2014
    #4
  7. Dec 8, 2014 #5
    baha

    baha Road Train Member

    4,137
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    Jul 25, 2013
    ga
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    Looks like the L/P plans arent much diff. up N. than in lower 48?? If you can live off what is left after fuel,insur,taxes you will do OK.
     
    baha, Dec 8, 2014
    baha, Dec 8, 2014
    #5
  8. Dec 8, 2014 #6
    grojg

    grojg Bobtail Member

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    Dec 8, 2014
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    $1.05* empty out loaded**
     
    grojg, Dec 8, 2014
    grojg, Dec 8, 2014
    #6
  9. Dec 8, 2014 #7
    not4hire

    not4hire Road Train Member

    7,142
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    May 16, 2012
    Calgary
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    NEVER do a carrier lease/purchase.
     
    not4hire, Dec 8, 2014
    not4hire, Dec 8, 2014
    #7
  10. Dec 8, 2014 #8
    kw550cat

    kw550cat Medium Load Member

    663
    596
    May 22, 2012
    brooklyn, new york
    0
    Let me guess, Celadon Canada is the company.
     
    kw550cat, Dec 8, 2014
    kw550cat, Dec 8, 2014
    #8
  11. Dec 8, 2014 #9
    grojg

    grojg Bobtail Member

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    Dec 8, 2014
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    elaborate guys.. driver input is a huge factor in my decision.
     
    Last edited: Dec 8, 2014
    grojg, Dec 8, 2014
    grojg, Dec 8, 2014
    #9
  12. Dec 8, 2014 #10
    kw550cat

    kw550cat Medium Load Member

    663
    596
    May 22, 2012
    brooklyn, new york
    0
    Check out Jerry Ott. He ran for Celadon Canada as a company guy and is now leasing a t680 from them. He's been around a while. His Facebook page is his name and on YouTube he has two channels, One is Molly and ME where he does daily vlogs about that day, leasing, and driving with a dog. Then he has Bigrig talk, where he gives useful info. On one of the two, or both, I think its BigRig Talk, he discussed numbers and why he chose it. The other he gives info. Just look back through his videos. He just recently started the lease, like two months ago. Check out these pages.
     
    kw550cat, Dec 8, 2014
    kw550cat, Dec 8, 2014
    #10
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