Quality leasing?

I did just that , I just got off the phone with them. AND BY NO MEANS would I fool myself into thinking I'd try and pay off the entire truck with them or try to own one through them.. My thought was run 1 of their trucks for 3-6+ months until I resolve my issue with Lone Mountain and then turn the truck in and walk away " which you can do at any time" They have more then just ProStars & Maxxforce trucks, you just have to goto their corporate location in Indianapolis to select from their full inventory... I'm just looking for the cheapest and easiest way to get in the door and get rolling being my deal with Lone Mountain is on hold

 

Let us know what kind of truck you get I'm looking into alternative leasing options myself. About to be a lease OP with Prime, but their weekly lease payment is too high.

 

Whoooaaa!

What happened OONewbie ?

 

I will email you Blair ... Kinda messed up situation but I'm on top of it

 

Is their lease a true walk away? If so, then it may be good option for your situation. Test the owner operator waters without laying out a large amount of money up front. You may even be able to deduct the payments. In the long term, Quality sounds like a terrible idea. $65,000 buy out at the end of the lease on a new truck is crazy, but for a short term trial run it may not be bad.

 

Its a a walk away lease. Many of the companies they lease to would be good to test the waters. Not a place like Eagle though. They can help somewhat from what I understand. But they expect you to be knowledgeable about this industry and ANDY broker your own freight. Turnover rate here is going to be high till they develop a large driver base.

 

Okie dokie.

 

I'll add to this thread...

I'm picking up a truck from these guys, went in Monday and said yes to one...... Here's the thing with them, they all need work done before picking em up usually. Make sure you go over the trucks with a fine tooth comb and find one that works for you. I won’t be able to pick mine up for 1-3 weeks while freightliner is fixing a fuel valve, until then, I am out of work.

But here's the thing, they fix these trucks before you take em home free before you sign the paperwork. You tell them what to fix and it’s done. They also come with a warranty for repair at a dealer where you live, free.

Their main trucks are international prostars with the maxcrap motors. They do have alot of old internationals 9200-9400 and freightliner Columbia's if you’re into old and ugly that most companies won’t approve. The pete's and KW's go real fast. The largest yard is in Dallas, tx but the main office is in Indy. If you go to indy, it takes longer due to the back up in the shops.

I saw alot of trucks for 50k at the dealer and they all had 500-600k on em that were 2006-2008. Quality trucks have between 200k-500k usually and are 2009 and newer unless you get approval for older through your company. Your company co-signs the lease so they have the final say.
It is a walk away, but IF you get fired, you lose the truck, IF you quit, you lose the truck. Unless you transfer to one of the other companies they are partnered with. They will work with you.



Their prices are set at weekly payments;
they are based on year, not mileage or options.
2009 $360 x 156 weeks
2010 $360 x 208 weeks
2011 $360 x 260 weeks
2012 ??? x 260 weeks
2013 $450 x 260 weeks
The min payment is 360, can be set at 2 years, 2.5 years, 3- 4 -5 years depending on year of the truck.

If you dont work that week, the truck is broke down and at shop, ect, you dont pay that week and just extends the lease to the next week.


But here is how you need to think about this.
If you have under an 800 credit score you will be paying 30%+ interest on anything you buy. Ive seen 50% interest from ryder for 3 years on 500s credit score with 20% down.

Just for reference;
I picked up a 11 cascadia with 330k on it, my payment is $360 x 260 = $93k in 5 years OR $65k at 30% interest..
Dealers want $58k for one with 700k, $65k for 500k, $70k for 400k, $75k for 300k miles.

The dealer does not include a repair warranty. I can’t walk away from the loan. I don't have anything invested into the truck other than a weekly rental payment- which is still half of what you would pay for a ryder or penske rental. You also run under your own authority and make more than company drivers. No ###### boss telling you, you cant idle in 100* humid nights for a/c. You can refuse runs to NYC as a O/O. You only pay for the maintenance cost, tires, oil ect... In 2 years if I want a different newer truck, I can trade it in (unless you run it into the ground) but your payment clock starts over.

IF you make it to the end of your lease, the truck is yours and you have some of your investment back. It is still tax deductible.

 

did you get that flatbed from them too?

 

L.B. I'm Looking into Eagle as well, and yes they will set you up with a new flatbed trailer. Sounded pretty nice. I forgot the specifics because I'm leaning towards a Reefer.