Getting out of a lease within the first 72 hours

When you sign a contract to haul freight for a company (whether you're leasing, lease-purchase, or own your truck) you are in effect starting a business. Did you read the contract, and understand it? Do you have enough money in the bank to cover a minumum of a month of operations? Do you have a business plan (at least in your head?) If you answer "no" to any of these, I'd suggest you see if you can cancel that contract immediately - not having a truck available for you the moment you start becoming resposible for payments is a bad sign in and of itself. You need to re-think all of this before you jump in the deep end.

 

White Dog,

Perhaps you are correct.

However, usually when somebody post something important, they hang around or check in often.

When they post that their wife is having a nervous breakdown, they either rushed to the hospital- or they are full of it !!!
And I sincerely hope that she is OK.

There are thousands of 1 time posters, and they are all full of it.

They get their jollies by starting discussions/arguments/pissin contests !!!!

If it IS an honest post, well, I wish him luck.

 

the 4 times i leased in the past, first 3 days was required for cleaning the interior so i could live in. and trust me there are some drivers with nasty living habits out here

 

How well was this decision thought out?

Sounds like it was done on a Saturday night, after a six-pack.

 

This is why a driver really needs to check out the lease before signing it. I learned the hard way long, long time ago. If a company won't give you a copy of the lease before orientation for you to peruse over, I see that as a red flag. And don't be afraid to make some minor tweaks to the contract and have them sign off on them before you sign it either. Most contracts are so 1 sided in favor of the "company" it not even funny. If they aren't willing to negotiate the terms of the lease, then that is a red flag as well. I'm not saying go through it and make it all in your favor, but make it equitable for both parties and what will happen and not happen if either party defaults or doesn't keep their end of the deal. I would always rather buy my own truck, outright. But in some cases, it may be more profitable to just straight out lease it with no intentions of an actual purchase. Just my two cents.

 

How about the driver draw up the lease agreement?

 

You can draw up the Lease agreement~getting the company to sign however could be a problem.

 

Frdr, I always did like a guy with a good sense of humor.

You're my favorite guy today.

 

That would be some lease if a few DRIVERS who tried to be O/O's that I know drew it up likely have a few clauses in it..

1) CATCH ME CLAUSE- If and when you catch up to me I will considering paying for the truck.

2) TOY ALLOWANCE - Regardsless of the terms of this contract , my TOYS come first, Boat , ATV , Snowmobile and of course my 4X4 Pickeruppertruck.

3) IF'N - If and when I feel like working real hard to produce income and not spend it on Chrome , Stainless , Big CB I will paying $ towards to truck payment.

4) FORK ME - Fork me over some $ when I need tires or repairs that I have no $ to pay for because of CLAUSES 1 , 2 , 3.

 

Sounds like the lease Arrow signed ...