Best Lease/Purchase program for bad credit

Discussion in 'Lease Purchase Trucking Forum' started by DuesyJ29, Feb 25, 2015.

  1. DuesyJ29

    DuesyJ29 Light Load Member

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    Jul 19, 2013
    Dallas, Texas
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    Hi,

    I'm looking into this as a possibility. I'm currently working locally but the hours are up and down and I need to make more money. Right now, I'm just looking for information based on my current situation. So, what's the best lease purchase program out there if you have bad credit? I'm really looking for a 0 down situation.

    Thanks,

    Mike S.
     
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  3. CaptainDaveG

    CaptainDaveG Road Train Member

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    Im not sure there is one I have been looking also...there will be alot of people that tell you dont do it but that the board etc. I know i am looking to own my own and if I got to lease first and run my ### off so be it but the 2nd one will be a purchase. Be safe and good luck

    Dave
     
    Skipper2256 Thanks this.
  4. joseph1135

    joseph1135 Papa Murphy

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    Then drive a company truck. You won't make monry doing lease purchase. You've also got one year exp and bad credit. You're just asking to fail.
     
    vikedog, icsheeple, HalpinUout and 6 others Thank this.
  5. FLATBED

    FLATBED Road Train Member

    Currently I have a brother in law that has failed on about 5 or 6 lease purchase deals doing the CELADON $0.00 DOWN LEASE DEAL , its about all he could afford, no idea if he is making any $ but no creditors have called looking for him in the past month.
     
    Lucar Thanks this.
  6. TruckerPete1990

    TruckerPete1990 Road Train Member

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    I would look into lone mountion my credit is not in the 700 range but its not to bad. People get approved with 580 credit.. once u get approved which takes a day or two if u got the money down on a truck u can get a truck they ask that u have the down payment+ about 2500-3000 in backup money for a repair. So what 8,000 total? and ur monthly payment is 1300 which is easy to make u can do that as a company driver
     
  7. MysticHZ

    MysticHZ Road Train Member

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    If you have to ask the question you don't have the requisite skill set to run your own business ... That includes a few of key abilities ... be able to do in depth research, do an in depth analysis on your resulting data and then develop a comprehensive business plan.

    Learn to do those things and a few others, then finding a viable program for yourself will be easy.
     
  8. Chinatown

    Chinatown Road Train Member

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    Cardinal Logistics - I know drivers working in their reefer division and making good money. Good enough they've been working there 10 or 15 yrs.
     
    bsmoove Thanks this.
  9. snowwy

    snowwy Road Train Member

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    if you look at lonemountains websight lately. it's 14 - 16,ooo down and they've been turning people down.

    it's not about the score. your overall picture is accounted for.
     
  10. OONewbie

    OONewbie Light Load Member

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    Charlotte,NC
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    I have a 590 credit score and was approved to sign with LoneMountain Leasing with 13k down and 8k in reserve for a 2016 0mile truck....

    I was also advised by the recruiter for the company I'm looking to sign on w/ to look into Quality Leasing from Celedon They have a 0down and walk away program with a $1 buyout @ the end, but there are restrictions/maintenance funds that are mandatory to put part of your settlement into a escrow with Quality.

    LoneMountain Leasing http://www.lonemountaintruck.com/
    Pathway - 855 717 7284
    Quality - 855 209 5524
    [​IMG]
     
  11. Lucar

    Lucar Road Train Member

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    I had a 590 when I purchased my first pos, 1-1/2 years later got a 2014 pete.
    I've done 2 leases in the past and I quit within 6 months after figuring they were slave work- jails. One with ATS and the other with "the elite fleet" -National Carriers.
    I will down your lease no matter with whom you do it.
    The only lease I would try if I couldn't buy in the past was the route OONEWBIE has gone.
     
    OONewbie Thanks this.
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