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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Best Lease/Purchase program for bad credit
Discussion in 'Lease Purchase Trucking Forum' started by DuesyJ29, Feb 25, 2015.
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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
DaveSkipper2256 Thanks this. -
vikedog, icsheeple, HalpinUout and 6 others Thank this.
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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. -
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
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Learn to do those things and a few others, then finding a viable program for yourself will be easy.roadrunner876, yb226, lmcclure1220 and 1 other person Thank this. -
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. -
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. -
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
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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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