Lease Purchase, Is it worth it?

If you want to buy a truck, then buy it, cash or get a bank loan. If I were to lease, it would have a low monthly payment but I'm seeing 800/week for a use kenworth...

 

How I watched a landstar leaser who after he unloaded at the back of Walmart he didn't like it back there. So he comes around where no driver would dare and I tried to help but he declined and hit a poll, small fence and shrubbery. Not to mention the damage to a cab.

 

Driver was a lease. It has as much to do with this thread than you do, got it?

 

Lease Purchase can work! I just say remember you must hit 3k in order for it to pay. And look for lease purchases that have the best truck for the lowest payment. Because you will go under really quick with a $600 wk pmt. And you will go under even quicker with a truck that has a bunch of mechanical problems. Another note, look at lease termination options. If all it requires is a two week notice, then do that before you abandon the truck. A lot of the nay sayers and whiners got in trouble because they abandoned the truck and lost hundreds of dollars in a repo!!

 

You all call it a Lease PURCHASE...are you able to lease a truck for a year or two and then turn it in like a car lease? Buying out a lease in a car is a dumb move financially in my opinion...and maybe a worse idea for a truck. Just lease a good truck every 2 years or whatever and get a new lease until you can save enough to buy a new truck...

 

You want to buy a truck? WTFtrucks.com They are out of Texas. They are used around 300K miles & up with as little as $ 2K down. They jump onto someone like Panther for your Broker & trailer. Got a friend that quit Stevens Transport & did just that got a Volvo 670 with around 400K in miles. He negotiates load & where he wants to run. Bringing in anywhere from $1500-$4000/ week take home. The lower half was is first few weeks. Now he's around $3000 & up take home. No trailer fees or have to pay reefer fuel if you haul reefer. Maybe just insurance no big deal. Truck payments very on how much you put down. His is around $350-$400/week. Hope this helps. Buy your own truck. Do not do lease. You Will never get home.

 

If you look, they are out there. Only do it if it's a path to owning though. Personally I wouldn't keep re upping a lease.