Leasing a truck

Discussion in 'Experienced Truckers' Advice' started by BoDarville01, Nov 18, 2009.

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  1. BoDarville01

    BoDarville01 Light Load Member

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    what gets me scratching my head, is that there are so many out there eager to squash anybodys idea of leasing a truck, will come up with a hundred reasons 'not to', but nobody has a good alternative. If leasing a truck thru the same company you need miles from to make said truck payment is so bad, then tell me who out there is hiring drivers with their own truck who has it financed thru a 3rd party?? You can't get a driving job with them till you have a truck, and no bank will finance a truck when you dont have a confirmed job....so its kind of a catch 22. I'm not about to go to a bank, ask for a $60k truck loan for 3 or 4 years, then struggle to find a company to work for. Companies can still be super picky who they hire cause there is real no boost in freight to justify hiring drivers like all the bottom feeders were doing a year or so ago.

    so, everyone has reasons NOT to do something, how bout an idea for a solution??
     
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  3. outerspacehillbilly

    outerspacehillbilly "Instigator of the Legend"

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    :biggrin_2554: So your going to pay $2100 a month for 4 years for a ####### Prostar! And pay a total of $158,000 for a prostar :biggrin_25521:. That's just the payments and balloon payment. You realize how stupid this is don't you? :biggrin_25513:
     
  4. outerspacehillbilly

    outerspacehillbilly "Instigator of the Legend"

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    Not sure if you have been reading the replies to your own thread or not but you have been given many alternative options already.
     
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  5. notarps4me

    notarps4me Road Train Member

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    I don't think he did.:biggrin_2554:
     
  6. BoDarville01

    BoDarville01 Light Load Member

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    yeah..sorry..."dont do it" isnt a quality response when asking for alternitives. With things the way they are, you tell me who would hire someone with 13 mo experience. And in my situation, i'm unable to buy outright a truck and finance it thru a 3rd party. Swift dont do that anyway. i'm happy with the miles i'm getting, i dont like being under forced dispatch.

    i hear the stories of drivers who lease a truck, get within the last few months of the lease, and then the company starves them out of miles, and they get the truck back, only to lease it to another driver for full price. I'm sure that happens, but it don't happen to every driver out there. if a driver is making the company money, they'd have no need to force them out. i'm asking how much to buy the truck outright off them. wanna see what they'll say.
     
  7. BoDarville01

    BoDarville01 Light Load Member

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    what are you running, a 486? have 9600 baud dial up? sure hope your webpages dont take a few days to refresh, cause that was from about a week or so ago.
     
  8. notarps4me

    notarps4me Road Train Member

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    I have a good memory. Plus when someone quotes someone all you have to do is click on it and it takes you to the original quote. You might want to do a little reading on this thread yourself. You have been given several options, but you seem to plan on arguing with everyone that has offered help. Like one poster said, why ask if you are going to argue???:biggrin_2554:
     
  9. The Challenger

    The Challenger Kinghunter

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    Bo,

    I understand your enthusiasm for wanting to be an o/o and make more miney. However there are better options. Most if not everyone will agree with me when I say you should not let your employer be in charge of both your truck payment and mileage. I know I am student but I am trying to help you not get royally screwed. Have you looked at Lone Mountain truck leasing, Freightliners first time buyer program, Paccar Truck leasing? All allow you not to be drowned in debt from a fleece lease. I'd be willing to bet $$$ that you for 3x less you could get a good used truck with the remainder of the warranty.

    KH
     
  10. REDD

    REDD The Legend

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    LandStar
    Mercer
    Lonestar
    EW Wylie
    Dart
    AAX
    Do I need to continue?

    I can prove that statement WRONG!


    Some people think they know it all just like Al Gore!
     
  11. outerspacehillbilly

    outerspacehillbilly "Instigator of the Legend"

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    You really are dumber than most aren't you? If you can't afford to pay cash for a truck or have good enough credit to buy one from a dealer how do you think you'll ever survive in this dog eat dog world? I know I know Swift loves you and would never do anything to cause you to fail. :biggrin_2559:
    Ok your right it doesn't happen to 100% of drivers that do it, but, it does happen to most. Let's say it does happen to YOU, what will you do if it does happen to YOU. Do you have a plan just in case it does happen to you? Will you have reserves to pay the payments while they try and starve you out right before it's paid for?

    Sure they do because at that point you have bought them another company truck. Hell I'd let you buy my fleet a new truck too if I were them. You worked your ### off for THEM to have a new truck that somebody else ( YOU ) paid for! Sounds like a great deal. FOR THEM!


    They'll laugh at you. Do you really think they would give you a real loan? :biggrin_2559: Hell NO! why would they do that when they could let you LP from them and you will basically BUY them another Company Truck! :biggrin_25513:
     
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