Swift Transportation and their Lease Purchase Plan
Discussion in 'Report A BAD Trucking Company Here' started by jakebrake58, Jan 20, 2011.
Page 5 of 27
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
-
HeavyDude: you are assuming I will finance a 4-year note for the entire balloon payment. Only a complete fool would do that. In 4 years leasing that truck, it is more than possible to save enough mney to either pay it outright or make a 50% down payment and then get your title after a 12-month note, making the same weekly payment you already have been...assuming 10% apr for simplicity sake.
PainNdaNeck Thanks this. -
-
Let's not forget, too, if I were to buy your 4-year-old truck for $60K, you would be getting $60K cash in your hand, but the bulk of that $60K would be financed...likely on a 48-month note for 11%.
It's business. None of us are in this because we're running a charity. That was the point I was making.PainNdaNeck Thanks this. -
Shame on anybody that stays with these companies that have contributed to the fall of the rates. The only way to show them is to say no! But there seems to be those that will always be willing to haul for peanuts! Making it possible for these companies to ruin what was once a very well paying industry. I am not pointing fingers...alot of people do not know that it is posiible to make more doing what you do for a living and they become complacent. But there comes a time when you should ask am I part of the problem or the solution. after all if they profit a penny a mile at 17,000 trucks on the road well......you do the math, but don't be upset that you are looked at with a frown on the road as you are passed. What about the every ninety day DOT inspections at $27 dollars a o/o truck. Agian do the math, then ask yourself do they require the same on their trucks.
Jason George Thanks this. -
HEAVY DUDE Thanks this.
-
Your profile says you are a rookie driver/student. Whether you are or not I would think that a bank would want some exp in this business before they start loaning $$ for trucks. Plus u need a business plan so the bank knows what you are doing with that trk/trl.
-
-
HEAVY DUDE and Injun Thank this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 5 of 27