LandAir Transport, Inc. - Greeneville, Tn.

Thank you so much.

Husband and I spoke tonight and we got an idea. We have no idea if this will work or not, but I know a lady who might be able help us. She began working with us not long ago on a new program in order to buy a house.

My thinking is to get a loan, pay off the truck and use it for collateral. With Landair we still had 2 years to pay at around $1600 p/month. We might be able to get a 5 yr. loan which will be easier to pay and we won't be getting kicked all over the place like we have been.

I have no idea if this will work, but tomorrow morning, I'll give it the good old college try.

 

Is this a lease purchase deal? Or did LandAir finance the truck for you? What does your contract say?

 

It might work, the only problem i forsee, is that trucks have a realy high,
depreision rate....... but it is cerently worth a try, and $1600 is way to much For a lease..... GOD THEY SHOULD BE ASHAMED!!!!

 

It's a lease purchase. I'm getting out the contracts tonight in addition to settlements and other papers we think the bank will be interested in.

The owner's wife did suggest a loan to my husband, but I have no idea if this was what she meant.

On edit: We do know that even with the truck paid off by the bank we're still bound by the contract to remain at Landair.

 

What she most likely meant was a loan from the bank, they use to lease all there trucks(companies lease the trucks, company driver's use as well as the ones they use for lease drivers) whiich most likley would result in, the highest interst rate alowable by law.
Do you or anybody else know if landair owns there lease provider?
my bet is they do, but i am not sure!!

 

I would not worry about the driving contract, that will be prety easy to get out of...

 

Most lease purchase plans will allow you to walk away from the truck....check your contract.....I think she is blowing smoke up your rear............

 

That verry well migt be........ Don't you love the scare tatics

 

what i am more concerned about is you not having any money and this is a rarity for me to say this and mean it considering what i am going through right now but i extend any help i can lend literally name it

 

Reading these postings has me thinking about when I was with LandAir and had to leave near the end of Sept due to medical. They bent over backwards to help me and my wife which I really appreciated. I was a company driver like your husband and to be honest, I had never really heard anything really bad about them and that was conversing with a large number of their drivers.
Don't get me wrong in that I'm defending them as I had nothing to do with the Lease Purchase of the vehicles but i had worked for JB as a company driver with a few complaints and then went to Lease Purchase and it went downhill from that point - good miles at the start and then nothing. So what I'm saying is that once you are hooked into Lease Purchase you can kiss good bye to any chance of living a decent existence as their $$$$ to the company comes first. You could try ring Mr Tweedy and try to find out what the heck is going on - let him know they are on this site - his orientation talk was that if you ever need him about something that could'nt be resolved to talk with him.
I wish there was a way I could help you out in whatever way possible but we still have'nt recovered from the beating I took from JB and we may never get back to where we were.