lease purchase

Discussion in 'Experienced Truckers' Advice' started by maximusskipp, Dec 4, 2010.

  1. Romans612

    Romans612 Light Load Member

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    Jul 6, 2010
    Dallas Texas
    0
    read my above post.

    all together I pay $505 per week
    company pays for baseplates, IFTA, permits.

    and calculating all the above, I still make more than I did company side.... in this case, the return outweighs the risk
     
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  3. Picknflick

    Picknflick Bobtail Member

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    Dec 2, 2010
    Titusville FL
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    I hope you make it you got a nice note btw much better than most i have seen
    Leaseco was in that ball park too
     
  4. Mortar Man

    Mortar Man Road Train Member

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    Dec 16, 2008
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    The truck price is really not too bad though with a zero down lease

    34 k

    Goes to 32k if you pay it off early that's not a bad price
     
  5. Romans612

    Romans612 Light Load Member

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    Jul 6, 2010
    Dallas Texas
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    yes,.... I graduated from the 5th grade... I do realize there are 52 weeks per year which doesnt calculate to 12 months....

    20 months, 85 payments
     
  6. Romans612

    Romans612 Light Load Member

    279
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    Jul 6, 2010
    Dallas Texas
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    I tend to think so to... :biggrin_25525:

    again.... return vs risk...

    more than happy to answer any questions though....



    (thanks for your service bro)
     
  7. Picknflick

    Picknflick Bobtail Member

    47
    5
    Dec 2, 2010
    Titusville FL
    0
    I broke it down to the day on the truck payment....and you forgot the taxes about 25% but the good news is it is only 20 month term
     
  8. Mortar Man

    Mortar Man Road Train Member

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    Dec 16, 2008
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    I did read your post driver
    Mine said roughly 2000
    505x4 = 2010
    But 505x 5 = 2525 in bout 3-4 months of the year is all I ment

    Not trying to bash you
     
  9. Mortar Man

    Mortar Man Road Train Member

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    Dec 16, 2008
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    Your welcome !!!

    I was just trying to be helpful is all
     
  10. HEAVY DUDE

    HEAVY DUDE Road Train Member

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    Jan 5, 2010
    NUNYA
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    5 weeks in some months means NOTHING. $407.93 X 52 weeks =$21,212.36 per year divided by 12 months = $1767.70 Thats the true cost per month.
     
  11. Romans612

    Romans612 Light Load Member

    279
    220
    Jul 6, 2010
    Dallas Texas
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    no worries bro.. I said read above post for the comparison on what I made companyside vs what I would have made lease side....

    the way I see it.... after I complete my term and pay for the title (again for one single US dollar).... I have the option of running as an O/O or I can sell the truck, recoup (SOME) of what I paid into it.... even if I sell it for 20,000... thats over 66% return on investment...
     
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