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DON’T LEASE
Discussion in 'Lease Purchase Trucking Forum' started by fcfightermma, Nov 13, 2021.
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The devil is in the details. None of which can be accurately determined here with the spotty information given.
Some lease purchase arrangements are in the favor of the carrier, some a neutral in that regard.
Just like some lease contracts, without the purchase of a vehicle involved are in favor of the carrier, some not.
An accountant or tax person who is intimately familiar with the trucking industry should be able to advise you on whether the contract is in your best interest.
But any lease, purchase, contract, or piece of paper is only as good as the integrity of the person(s) who are party to it.kuzima93, Oxbow, Voodoo Pyg and 1 other person Thank this. -
After you pick your jaw up off the floor you can say you were wrong.
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Leasing right now because you said not to, I'll lease em all.
markealy Thanks this. -
Now is the time to lease if you can find one on % pay dont lease at 1.09 mile the math dont work
VinceBlack and Brettj3876 Thank this. -
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I did so well that I ordered a NEW 2023 Freightliner Cascadia that will be delivered in March or April (3 months or so). I'm looking forward to getting back out on the road and my new truck has a really good warranty so I won't be pouring my money into repairs like last time. Yes I know downtime isn't covered. I was born at night, not last night.
I also WILL NOT BE DISPATCHED! Just like last time I will pick my own loads and make my decisions based on the rates and where the loads go. There are so many options for where you can lease a truck and pick your own loads, you should never let someone in an office somewhere control your business.
How is a lease payment any different than owing on a bank note (I don't have $185k to pay cash for a new truck.) I get to deduct all my lease payments for tax purposes. After three years I can finance the $50k residual if I want to keep the truck, but if your business model is to have new trucks with a warranty, you can just turn the truck in and get a new one. We can debate new verses used another day. I had a BAD experience with a used truck. But that's just me.
I know Mercer, Schneider National, and Landstar to name a few companies, don't dispatch you. I was leased to Schneider last time and I'm sticking with them this time around as well. Maybe you should know what you are talking about before you bash an entire group of drivers who earn a very good living doing what you obviously probably couldn't handle yourself.wlynn883, ozzyoztrucker, markealy and 1 other person Thank this. -
Fighthepower, skyviper73 and Pamela1990 Thank this.
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Trucking Jobs in 30 seconds
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