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Great Lease
Discussion in 'Lease Purchase Trucking Forum' started by rckbottom, Aug 29, 2014.
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I don't understand people. The popular view on this forum is lease is bad. Not worthwhile. Stay company, save money then go finance a truck. This is what I don't get about that.
You are telling someone to save tens of thousands of dollars and invest that into a truck, when they have never had to run a trucking business. They have not had to manage fuel, they don't know freight rates, they have never dealt with IFTA, never worried about tax withholding, no ideas on maintenance costs and hundreds of other O/O issues.
Basically this is what I am hearing. "Don't lease it's a scam. Even though you get real world experience in many of the previously mentioned categories, have the opportunity to make more than a company driver thereby saving money faster and if it doesn't work you can walk away with no penalties. Leasing is bad! You should blow a significant portion of your life's savings on an older truck (I love how it's always and older truck btw, those never have maintenance issues) and strike out on your own with no experience. There's no way that can end badly." -
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There are tons of reasons why I don't buy vehicles cash. I like to switch often, emissions change often (on trucks) engines get better, and on and on..
We all have different situations and opinions to that, I'll add for example, I'd rather buy my home cash with that money, I'd save over 300k dollars at a 30 year term and instead finance the truck.
Now that is a long term road to financial freedom. Good luck on your plan. -
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