Want to avoid getting burned by a lease-purchase agreement?

Discussion in 'Lease Purchase Trucking Forum' started by rookietrucker, Dec 13, 2009.

  1. gethomas3

    gethomas3 Bobtail Member

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    Mar 5, 2016
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    So I am getting very near to my $10k goal (2-3 months).

    I want to get my own truck but I have heard many good things about Quality Companies. Can anyone elaborate on this?
     
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  3. spyder7723

    spyder7723 Road Train Member

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    And the rest of us have heard nothing but horror stories about quality. What have you heard/read that we haven't?
     
    CJndaTruck Thanks this.
  4. KingG239

    KingG239 Medium Load Member

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    ive heard bad stuff but they say its not quality its the company you go on with idk. im jst trying to get info about kllm.
     
  5. orangepicker

    orangepicker Road Train Member

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    if u got 10 grand and good credit go to a dealer or your local bank
     
  6. spyder7723

    spyder7723 Road Train Member

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    Ten isn't enough for a bank, maybe a dealer for a down payment, with nothing left for operating expenses.
     
  7. OneRoad2016

    OneRoad2016 Bobtail Member

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    Mar 19, 2016
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    Leased with Prime Inc. flatbed and they have quite a racket going. The payment is double what it would cost me at a real dealership for same truck. Then there are fixed costs- totaling with truck payment 1,200 a week. Then there is fuel- I would work may ### off Mon-Thurs just pay the truck and hope to get a good weekend run that would make my check. There were weeks that I made no check and weeks I owed them money. They told me to keep my eye on the big picture "annual income". Ya- ok! When I finally turned in my truck because flatbed is seasonal and it was slowing down they inspected my truck. The inspector listed cracks on the lower plastic pieces of the truck that were probably already there- I'm talking small cracks that don't warrant a replacement as things I would be charged for. I said No-Way am I paying for that- you're going to leave them for the next guys inspections. They loaded my flatbed with 3k lbs of gear half I didn't need. I realized later that I was paying for all that used equipment and if I didn't stay with them for the duration of paying off all that old gear they would buy it all back for a fraction of what I paid and deduct it from the total. At the end they sent me a bill for thousands that I'm fighting. It's no wonder they have built an amazing facility and have one of the largest fleets and the Owner is building a hundred million dollar house for himself. Your welcome Prime Inc. Never again-
     
    Last edited: Mar 20, 2016
  8. spyder7723

    spyder7723 Road Train Member

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    Id like to see a hundred million dollar house. Most expensive I've seen is 50 million and it was a 35k square foot mansion on the beach.
     
    Last edited: Mar 20, 2016
  9. OneRoad2016

    OneRoad2016 Bobtail Member

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    I heard he is building it into the side of a mountain. Almost like a fortress, but what do I know- I'm just trying to make a paycheck.
     
  10. OneRoad2016

    OneRoad2016 Bobtail Member

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    I heard he is building it into the side of a mountain. Almost like a fortress, but what do I know- I'm just trying to make a paycheck.
     
  11. semperfi1214

    semperfi1214 Bobtail Member

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    Mar 18, 2016
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    I want to own my own truck...u have to start somewhere
     
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