Should I lease?

Discussion in 'Ask An Owner Operator' started by Ownboss trucker, Jun 28, 2022.

  1. Ownboss trucker

    Ownboss trucker Bobtail Member

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    I found a truck with 750k miles on it. Can’t finance it because my credit is bad so they can only lease it to me.


    They want 25k down payment( on a lease)
    And the payments are $2100 for 36 months.


    The truck is only valued and 60k.

    Would you take it?
     
    Last edited: Jun 28, 2022
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  3. Boondock

    Boondock Road Train Member

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  4. NYStarcar

    NYStarcar Light Load Member

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  5. Ownboss trucker

    Ownboss trucker Bobtail Member

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    Even if they add a 2 year warranty?
     
  6. NYStarcar

    NYStarcar Light Load Member

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    Still no and this dealer sounds shady as all hell.
     
  7. JoeTruck

    JoeTruck Heavy Load Member

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    Fix your credit.
    Save money.
    Next year there will be better deals.
     
  8. Chinatown

    Chinatown Road Train Member

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  9. Chinatown

    Chinatown Road Train Member

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    At Greatwide We Turn Drivers Into Owner Operators With Our Lease Purchase Program!
    Good Credit Bad Credit No Problem!

    • Apply Online To Get The Process Started.
    • Visit One Of The Dealers Below In Person Or Online And Pick Your Truck.
    If You Have A Dealer Of Your Own Not On Our List No Problem! We Can Work With Them.
    • Upon Completion Of The Lease Agreement We Overnight Your Log, Stickers, etc...
    • Your First Load Will Be Waiting

    • Poor Credit? Try Bulldog or Bush Below.
     
  10. bamanation

    bamanation Heavy Load Member

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    Absolutely no! If you have $25,000 as a down payment. Put it in a bank account and save it. 750+ thousand on a used truck could easily bankrupt you.
     
  11. TruckerPete1990

    TruckerPete1990 Road Train Member

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    No ill give you some reasons.
    Ur credit isn't good therfore you should spend that $25k and fix it. Do you have at least 20-40k in the bank for major repairs?
    The market is crashing so it's absolutely worst time to even try unless u find a dedicated gig.
    Wait 6 months and you can get a decent truck for 30k

    Also this 2 year warranty they are offering is probably an extended warranty. Speaking from experience they can decline to pay the bill and don't pay for everything when they do cover it....
     
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