Hello
I'm looking to do a Lease on a tractor, not trying to purchase just trying to make more money than CPM. Do you guys think is a good idea to do that I was told the lease is 1900 a month plus I have to pay my own fuel and other stuff of course....
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Lease not purchase
Discussion in 'Lease Purchase Trucking Forum' started by Jayone1, Sep 26, 2020.
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The general consensus usually seems to be just save up money an find a decent used truck. If ya don't wanna actually own a truck then lease is the other option i guess. Make sure ya read the fine print. Ya should still save up some money for a safety net. I've never done a lease myself. Most usually advise against such things.
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Generally, leasing a truck is for people who can't afford to buy a truck, as there is little or no money required to be put down on the truck. Also every lease purchase that I heard of makes everyone money but the person who leased the truck. This is just my honest opinion. But there are plenty of horror stories on TRR.TBLawe Thanks this.
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Depends on what kind of lease youre talking about. Gotta read the contracts. Seems like about half the guys on this forum got their truck from lone mountain, which is a lease. Seems like the horror stories come from the guys who lease a truck from the company they work for.
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Ok thanks guys for the info
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If you do a lease, get the equipment from a third party provider ( like a dealership or a leasing company like Penske) have a professional read over the lease agreement before you sign anything.
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Ok, it looks like they are trying to lease, me a Freightliner Cascadia but not sure it has 6xx, xxx miles on it is 2017 but I think they are asking way too much and for high miles tractor
I believe they told me 56,000k for it what you guys think? -
Oh one more thing this is a lease to own
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If you intend to lease and not buy the truck , find a place were you can lease a new truck, not a used one with high miles. The payment will be higher, but you’ll at least have a full warranty and not get stuck paying for breakdowns and have nothing to show for it at the end of the term.
Blue Zombie Trucker Thanks this. -
Bad idea.
Save up cash. Pay cash. No debt no credit. My life is so super easy when I went to cash only no credit no debt lots of $$$ in the bank makes life a dream.
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