I'm 10 mo. into a 30 mo. L/P with P.A.M. $1500/mo x 30mo.=45,000/130 weeks = $346+/wk payment. $1.00/mi + FSC, average 2500-3000 mi/wk. in 2014 from 6/13-12/31 total settlement was $35,000, so minus 20% for taxes I took home roughly $28,000 in 6 1/2 months (this equaled my gross pay as co. driver from 1/1-6/13), that doesn't include what's sitting in my maintenance account (0.06/mi). I still live off what I took home as a co. driver and put the rest in savings. I leased a 2012 Cascadia w/ 324,000, I've only had minor issues so far with the engine and 2 tire blowouts.
Solo drivers can succeed if they are careful with their money and have a company willing to give you miles. I'm not saying it's perfect, but it's not as bad as some of the stories I've heard.
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Who has completed a lease purchase and fully owns truck with title?
Discussion in 'Lease Purchase Trucking Forum' started by OOIDA Media, May 7, 2010.
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I did. I have my title
SheepDog Thanks this. -
What company did you do lease to own from.
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I Don't think the problem is as much the actual system of a lease purchase , but far more , the people who choose to sign up for them. If there was for instance a 5 year constant experience requirement and maybe even 5 years at the same company, the failures would be far fewer. Lease purchase isn;t the failure , the people who do it are.
nightgunner, Mr&MrsPete, Cybercat and 2 others Thank this. -
I've paid off 2 under lease purchase,,,with this after treatment in the newer trucks,,I find leasing more practical in terms of maintence upkeep,, the 2 I paid off are now stick wagon trucks,,
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