Truckers Report Jobs

Find Trucking Jobs

Company Driver Company Driver Dry Van Dry Van Flatbed Flatbed Refrigerated Refrigerated Specialized Specialized Owner Operator Owner Operator
More Trucking Job Searches ⌄ Fewer Trucking Job Searches
⌃
  1. New Lease Purchase Jobs $0 Down and other incentives Click Here to see offers
    Dismiss Notice

The Perfect Lease Purchase Contract!

Discussion in 'Lease Purchase Trucking Forum' started by SheepDog, Dec 16, 2013.

Page 12 of 20
  1. Dec 23, 2013 #111
    Jar-Head

    Jar-Head Road Train Member

    1,358
    959
    Dec 7, 2013
    0
    Not sure ...
     
    Jar-Head, Dec 23, 2013
    Jar-Head, Dec 23, 2013
    #111
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Dec 23, 2013 #112
    SheepDog

    SheepDog Road Train Member

    3,481
    2,084
    Nov 30, 2008
    Sand Lake, MI
    0
    So many poster's due this,,,just make a broad statement, like speaking to space..lol

    Come on truckers,,,what would be the Perfect Lease Purchase layout in your opinion? Maybe there is one out there already but, create your own if you can't find one...
     
    SheepDog, Dec 23, 2013
    SheepDog, Dec 23, 2013
    #112
  4. Dec 23, 2013 #113
    mnmover

    mnmover Road Train Member

    1,237
    1,104
    Apr 5, 2009
    Lichfield MN
    0
    I would make a lease purchase for a company driver like this. Sell him a trailer no money down and keep him on as a company driver. As the company would pay the driver 80% of the revenue the trailer makes, lets say 15% of gross, so after a year or two the trailer is the drivers. Then he could use the equity in the trailer as a down payment on a tractor, or continue as a company driver and start with a second trailer. The after a while, the trailer revenue would help make the lease payment on the tractor. Just my .02
     
    mnmover, Dec 23, 2013
    mnmover, Dec 23, 2013
    #113
    SheepDog Thanks this.
  5. Dec 24, 2013 #114
    popcorn169

    popcorn169 Road Train Member

    2,194
    1,714
    Sep 5, 2011
    state of confusion
    0

    Interesting I have never heard of anyone thinking of this. Great idea.
     
    popcorn169, Dec 24, 2013
    popcorn169, Dec 24, 2013
    #114
    SheepDog Thanks this.
  7. Dec 25, 2013 #115
    florida27

    florida27 Bobtail Member

    3
    4
    Jan 12, 2013
    0
    i'm not sure if this is the perfect lease purchase deal but i figure i would try it, been in it for a month now. i know someone that works for a small company out of minnesota and this is how i got my truck. i looked at a couple of dealer websites and found a truck i liked and my friend did all the work with the dealer. a 2010 kenworth t660 with 445000 miles with a cat c-13, the dealer had it listed at $55900 and my friend got it down to $41500 at 5.25% for 42 months with no money down and no ballon at the end with the options to pay it off early with no penalties, truck payment $1083.00 a month $270.75 a week. i get paid 76% of the load with 100% fuel surcharge no trailer fees, they pay for reefer fuel no qualcom fees (paper logs) i pay for every thing else like tolls, scale tickets and anything that goes wrong with the truck and i can take the truck and have it worked on anywhere i want to and so far every thing is going good. i just took a 30k load down to miami,fl from minnesota and i was averaging 9 mpg @ 60.2 mph SWEET. my average rate per mile for 11 loads is at $2.25 per mile right now.
     
    florida27, Dec 25, 2013
    florida27, Dec 25, 2013
    #115
    SheepDog and popcorn169 Thank this.
  8. Dec 25, 2013 #116
    SheepDog

    SheepDog Road Train Member

    3,481
    2,084
    Nov 30, 2008
    Sand Lake, MI
    0
    For you, that is a sweet deal and I pray it all works out for you, and your friend. The friend that did this for you, is a good friend and I pray nothing happens to weaken that friendship. Unfortunately business can wreck a friendship faster than anything. I assume, he is the owner of the truck until you pay it off and so, it is basically like what I am planning on doing, only with an older truck.
     
    SheepDog, Dec 25, 2013
    SheepDog, Dec 25, 2013
    #116
  9. Dec 25, 2013 #117
    popcorn169

    popcorn169 Road Train Member

    2,194
    1,714
    Sep 5, 2011
    state of confusion
    0
    sounds like a good deal wish I could get something like that.
     
    popcorn169, Dec 25, 2013
    popcorn169, Dec 25, 2013
    #117
    SheepDog Thanks this.
  10. Dec 25, 2013 #118
    mzpurrdy

    mzpurrdy Bobtail Member

    1
    0
    Dec 25, 2013
    0
    what companies are you guys referring to?
     
    mzpurrdy, Dec 25, 2013
    mzpurrdy, Dec 25, 2013
    #118
  11. Dec 25, 2013 #119
    bubbanbrenda

    bubbanbrenda Road Train Member

    1,388
    650
    Feb 27, 2011
    Middletown,Oh.
    0
    Sorry I should have quoted OP, but I was directing it at anybody thinking about getting into a lease purchase program.
     
    bubbanbrenda, Dec 25, 2013
    bubbanbrenda, Dec 25, 2013
    #119
  12. Dec 25, 2013 #120
    SheepDog

    SheepDog Road Train Member

    3,481
    2,084
    Nov 30, 2008
    Sand Lake, MI
    0
    No problem at all, I read it and glad I did. Copied and pasted the #1 post. It will be a goto page for me when I get into a truck that I will be buying. I agree with you, anyone who wants to be an O/O or is going into a L/P should read that thread.
     
    SheepDog, Dec 25, 2013
    SheepDog, Dec 25, 2013
    #120
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

    • Page 12 of 20