Lease Purchase VS Buying a Rig

There's a reason those auto shift/ultra shift trucks are cheaper than the manual 10 speeds. There's also a reason that Schneider quit buying them. Maintenance nightmares.

 

Stupid people with bad credit? You need to learn how to talk to people, when they are asking for your advice and expertise in this business!!! Don't think just because you are experienced in the trucking industry that it gives you the right to be an #######!!! Grow up and treat people the way you would want to be treated!!!

 

Thanks for all these usefull information

 

Just out of curiosity, what are the tax writeoffs like in the US for buying a truck?

Up here in Canada, lease payments are fully deductable (have to check with an accountant on that to be sure), but only the interest is deductable when you get a loan for a truck.

 

Well if you get a loan for a truck, that means your buying it, and you can write off the depreciation for it each year.

 

Same here...lease payments are full deductible....loan/buy truck payments is interest only and truck depreciation over 5 years

 

I'm in lease deal, and I like it , I believe there are good deals out there it just takes research and determination. I've been in the industry for years , this is my first owned semi, because i'm new to owning , I had to put down 15% 2.5 yr old truck,330 km's,(already had a job waiting) which helps, by far besides making the payments , I cannot stress prementitive maintence is most important, the automatic greaser is going on (Lincoln)not because i'm lazy , because i'm a former mech, and driving rain can wash out almost any kind of grease in some conditions, but constant "perfect" amount of grease gives me peace of mind and confidence( don't forget your driveshaft though) Anyways . good luck , and make educated choices. Drive it like you own it.

 

I am enjoying my lease as it is, right now. It is nice to have a brand new truck to drive, but it is not a deal breaker. I'm just good with something that doesn't break down. I went with the lease program that I did because it was a no money down and a $1 payout at the end. Some guys will say "It will be all miled out" and such, but if you take care of it, your truck will last a long time since. I am pretty easy on equipment and the worst I've had happen was a rear carrier bearing went out and took the differential with it. On a company truck. Other than that, I've had a couple U-Joints go south just after I got the truck. My lease has been trouble free except for a broken nylon air line fitting. I plan on replacing all of them before next winter. I don't need a shop to do everything for me, which I believe is a failing point with many drivers. They can drive it, but can they fix it? If not, they shouldn't own it. I carry a good amount of tools to handle almost anything that can happen.

I should get a grease gun because even though the manual says you can grease certain items at 12,500 mile intervals, I'm not so sure. Mainly the throwout bearing and driveline U-joints. I am all highway driving. Just need to pay attention.