L/P assumptions are amusing

Discussion in 'Lease Purchase Trucking Forum' started by Caseli, Nov 9, 2018.

  1. Dave_in_AZ

    Dave_in_AZ Road Train Member

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    I have a question ( Raises hand ).

    OP will you own your truck after the last payment? Or is there a $70K buyout / balloon at the end?
     
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  3. Caseli

    Caseli Light Load Member

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    There is a balloon payment yes. It's $2,500 not $70k
     
  4. Caseli

    Caseli Light Load Member

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    Just in case somebody accuses me of lying... 20181110_151313.jpg
     
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  5. Dave_in_AZ

    Dave_in_AZ Road Train Member

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    Well who is this mystery carrier?
     
  6. Dave_in_AZ

    Dave_in_AZ Road Train Member

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    I'm putting people in trucks with no buy out, so I still got ya beat, but who is the carrier?

    Actually the law requires a buyout, so there is a $1 buyout.
     
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  7. Caseli

    Caseli Light Load Member

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    Jim Palmer. I've been open about that un other threads. Real good outfit. Im happy .
     
  8. Dave_in_AZ

    Dave_in_AZ Road Train Member

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    Isn't JP Prime?
     
  9. Caseli

    Caseli Light Load Member

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    No. JP is owned by Wilson Logistics. We haul prime loads though. Neither owns the other.
     
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  10. SteerTire

    SteerTire Road Train Member

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    The numbers are there to lower their expectations. Also to discourage people who are carrying huge loads of debt from applying.

    Obviously, it isn’t working. I drove by a so-called sales yard of l/p the other day. It totally looked like a repo lot. Half the trucks there were turn ins from failed leases.
     
  11. nofreetime

    nofreetime Road Train Member

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    The reason why they accuse you of lying is to pump you for any information you're willing to present in defense of yourself. They're playing you.
     
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