Question about mileage in a lease contract.

Wasted Thyme · Oct 13, 2021

Mr Uturn said: ↑

I am going to assume that .10 (ten cents) per mile. Is your maint escrow. That said
$750 per week X 208 weeks =$156,000 for truck. Thats about what you would expect to pat BEFORE interest.
But the .10 per mi with 2500 minimum
.10X2500= $250 per week
208 weeks X $250= $52,000!
156k plus 52k =$208,000
I am pretty sure i no which company this is. Ive seen thus contract before.
The truck is under warranty for 5 years. So out of that $52,000 maint fund. Between tires, pm, and stuff not covered by warranty.
They might pay $20k. They keep the rest, it belongs to them. You dont get any back. If you turn the truck in, it does NOT stay with the truck. The next "buyer" starts paying all over. Well this IS a suck deal, if its the only way you can get a truck. Its actually NOT a bad deal. IF you save, save, save, fix your credit and in 1.5-2 years turn it in. Go buy your own using outside financing.
Click to expand...

Depends. I know at Stevens transport. The maintenance account is yours. So if you turn in the truck. You get what is in it. Minus what is used on the truck.

Mr Uturn · Oct 13, 2021

Wasted Thyme said: ↑

Depends. I know at Stevens transport. The maintenance account is yours. So if you turn in the truck. You get what is in it. Minus what is used on the truck.
Click to expand...

Thier is a possibility your correct. Howeve im pretty sure ive seen that EXACT writing before. So im like 90% sure, i no what company that is, and It aint Stevens. But if im wrong and you do get the maint back. That just puts the op on a better position to purchase there own, in thier own.

Wasted Thyme · Oct 13, 2021

Mr Uturn said: ↑

Thier is a possibility your correct. Howeve im pretty sure ive seen that EXACT writing before. So im like 90% sure, i no what company that is, and It aint Stevens. But if im wrong and you do get the maint back. That just puts the op on a better position to purchase there own, in thier own.
Click to expand...

I suspect we're both right. Stevens does it as an escrow. The other does it as a bend over. LOL

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