Leasing Purchase Price

Discussion in 'Lease Purchase Trucking Forum' started by Newtrucker123579, Mar 7, 2023.

  1. Newtrucker123579

    Newtrucker123579 Light Load Member

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    Feb 3, 2023
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    Hi everyone,
    Im trying to lease my first truck with a dealership I just got my llc and authority and was wondering how much the down payment would be generally for a full maintenance lease? Do they lease trucks that are older? I have about 8k to use towards a down payment and was wondering if that would be enough for the down payment and to get the truck all together. I don’t want to do a lease where you lease from a company and have to work for them.
     
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  3. Newtrucker123579

    Newtrucker123579 Light Load Member

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    Feb 3, 2023
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    Also I don’t have good credit at all, could I still get a truck with around 8k for a box truck?
     
  4. Eddiec

    Eddiec Road Train Member

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    You could go to a website like TruckPaper and search for a box truck with the specs that you want. Call the seller and inquire about the vehicle - Do not mention how much money you have or the fact that you have bad credit. Take notes! I am guessing that you have a written business plan ( and a back up plan) as far as what you plan to use the truck for, and how you would plan to pay for it correct?
     
    Newtrucker123579 Thanks this.
  5. tscottme

    tscottme Road Train Member

    I was told a factory dealerships rarely offer a full-maintenance lease on a new truck to anyone but a well-established trucking company or an individual with tons of cash and great BUSINESS credit. I can't even remember how they measure business credit. Is it still Dunn & Bradstreet? IDK.
    I don't know if non-factory dealerships offer FMLs or if anyone offers an FML on used trucks.
     
  6. Atlanta trucker

    Atlanta trucker Road Train Member

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    Since you have bad credit something went wrong with money already. Wanting financing is a bad sign that things will go wrong with money again. Don’t ask for money (financing/leasing) work and save up all the money you can. If you save up $40,000 cash the world may look a little different to you then. If you save up $75,000 cash the world may look more different then. If you save up $100,000 cash you may come to your senses and think capital is better then equipment and just keep right on collecting capital until your a millionaire.
     
    tolson Thanks this.
  7. Concorde

    Concorde Road Train Member

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    I’ve never done a lease on a truck however I’ve leased a few cars and their credit requirements are stricter than a standard out the door loan.

    Are you trying to get a straight box truck for a local gig?
     
  8. Crazytrucker77

    Crazytrucker77 Heavy Load Member

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  9. OscarGoldman

    OscarGoldman Light Load Member

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    Use that $8000 you have acquired... Spend $4000 on a beater cargo van and voila your in business!!!
     
  10. merv85

    merv85 Light Load Member

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    Mar 24, 2020
    Dallas, Tx
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    It is pronounced Lone Mountain, But you maybe right. Once you deal with them, you will be in LOAN MOUNTAIN of debts
     
    NH Guy Thanks this.
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