All for nothing

The $1,150 is just truck payment. Maintenance and bobtail insurance are on top of it.

The long and the short of it is that neither your carrier nor your lender care about you or your well being beyond what profit you can bring them. If you can't make the payment- regardless of size - the lender is going to take the truck. If the lender and the carrier are the same - if you aren't making payments then you probably aren't hauling freight so it's lose lose for them.

 

I had always heard people quote payments on SFI trucks as one dollar amount that included both truck payment and MMA deduction. It seems that I wrongly assumed the same about the number you mentioned. Either way it's one heck of a payment.

 

What happened to the OP???

My truck payment is $1000 month. No balloon. 48 months.

 

Lease purchase ALWAYS benefits the COMPANY.....never the DRIVER! Why do you think these outfits "offer" this program?....So the Driver makes a boatload of cash? People don't call it Fleece Purchase for no reason

 

How did you manage that one?

 

Manage what?

 

I would assume a proper down payment. Not trying to operate on a shoestring. Even a CAT knows that! Lol

 

Used truck, 10-20% down payment and an interest rate between 3-6%.

 

Used truck being the key word here. I thought there was some kind of golden lease opportunity I didn't know about.

 

Even for new trucks those SFI prices are waaaaay overpriced.