The Perfect Lease Purchase Contract!

Thanks PattyJ for your questions but, my example is a made up example. That is the point, what would the "perfect lease purchase deal" look like? So, you tell me the answer to your questions.

In my opinion a balloon should not be more than $5K The program I speak of, in my opinion, would be one that helps the driver transition from company driver to a business minded O/O. I also feel that an interview should be held with said driver to determine if he/she needs the course or not. But, a simple think like his FM, or a dept, that handles his/her settlement sheet, to just go over them with him/her once a month, or more.

Let's not forget that this is a L/P and the truck still belongs to the company, until driver pays the balloon or finishes the contract period. So, castration is a given. How fast do you think the truck should go?

What's your definition of small improvements?

You tell us what a "perfect" discount would look like on tires, parts and fuel?

As far as the load, everyone has to go through someone to finalize the load hand off. I would guess that the person in this situation would be your FM. Not sure if when a load is taken from a load board, within the company, if that is all automatic or not.

 

My best friend did this L/P program and he didn't have a problem with the program, just got a lemon truck. He financed through SNI finance, a pretty new truck and had multiple break downs, that eventually put him out of business. He was bull headed though and didn't listen to my advice. Now here I am thinking again, about doing the L/P with Malone..lol I hear a lot of good things about SNI Choice program so, my only suggestion would be to get a truck you can pay off quick and than use it to get the truck you want. My friends balloon on his truck was like $12K or something like that anyway. As for the company, they are a good company, for a mega carrier.

 

I'll be honest with ya brother,,,I like your idea! Would love to see that in a L/P program

 

Who you talking to?

 

NP, would like to hear back from his as well, sounds like he has a good L/P deal. I just wonder if he means by being 100% responsible for the maintenance of the truck, if that includes 100% of the responsibility paying for said maintenance as well. If that was the case, I would want a choice in the truck I get as well. No way would I want that deal in a no choice situation.