Indiana is a "no bill of sale" state.... They don't require a bill of sale to transfer tittle, just the signed off tittle. Thanks for letting me know about Rapid Responce getting you one....
when I started my lease I was under the impression that at the end of the lease I would be able to start another contract to pay off the balloon payment.i lease a 14 and have been told or picked up some where that wasn't possible .because its a new truck..and would iel finance the ballon payment if my first year was claimed a loss?
We originally leased through Central Leasing... Our lease was then sold to IEL when Swift bought Central... So what they do with IEL we have no clue... With Central Leasing we were told in the beginning, that if we wanted to buy out the truck, we would need to arrange our own financing.
I think the generic response whenever a company is asked, "How much is FSC?" is "It depends".... ... one reason why I'd be more comfortable leasing under a plan that gives a percentage of the load.
Well FSC does change based on the price of fuel... Ours tries to get our fuel down to $1.25/gal (if I remember right) with a 6mpg calculation... The 'new' fuel plan (that was from Central... What Swifts is I don't know) was a base fuel price of $2.50/gal, but paid on ALL miles not just loaded miles. It all still ties my brain in knots...
IEL will finance the buyout after the lease is complete. I did this with my first truck. I walked into phoenix with a cashiers check after 1 year of the buyout, and waited while they brought the title down. I am on my second truck now, 1 year left on lease and will buy this one out also. I would love to hear more about this $1.07 Per Mile rate.
Question... If IEL finances the buyout, are you still bound to Swift, or can you take your truck and pull for someone else?
