Thinking of taking the plunge into Lease Purchase

Discussion in 'Lease Purchase Trucking Forum' started by Asphalt.cowboy, Jan 30, 2016.

  1. Asphalt.cowboy

    Asphalt.cowboy Bobtail Member

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    I've made up my mind to take a truck at Swift. It's a used 2014 KW T660 SS, 4 year 500,000 mile warranty. It has 328,000 miles. So has some warranty left. It's 515 a week for 72 weeks. At the end it's a 50,000 balloon. So about 109,000 total for a truck going 97,000 to 140,000.
     
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  3. bomoto

    bomoto Light Load Member

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    Good thing the trucks cheap to match the pay.. I wish you luck
     
  4. bomoto

    bomoto Light Load Member

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    One the Web site... what is the percentage pay or rate per mile.. no what is the base truck payment per week and term
     
  5. MysticHZ

    MysticHZ Road Train Member

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    Plus 10% sales tax ...
     
  6. freightwipper

    freightwipper Road Train Member

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    I'm here and the weekly payment different between a Shaker and KW was barely anything. I think around $20 a week from what I recall. However Schneider requires money up front for a KW. (which you get back at the end of the term)
     
  7. freightwipper

    freightwipper Road Train Member

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    $1.14 a mile and a dispatcher!?!?!?!!?


    [​IMG] [​IMG]

    [​IMG]
     
  8. freightwipper

    freightwipper Road Train Member

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    forget the truck.. $1.14 a mile?!?!?!?! what about that? just wondering
     
    bomoto Thanks this.
  9. TLeaHeart

    TLeaHeart Road Train Member

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    casper, wy
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    So you are buying a used truck and equating that to the price of a new truck?
    And your math, 515 * 72 = 37,080 + 50,000 = 87,080...
    And how are you going to finance that $50,000 after 72 week?

    And then $1.14 per mile and NO fuel Surcharge? sounds good today, but we all know fuel will go back to $4.00 a gallon...
     
  10. freightwipper

    freightwipper Road Train Member

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    $1.14 is not good.
    and by that time that 72 weeks are up that'll be a 500,000 mile truck you spent $87,000 for. Add interest for a loan on that buyout and that becomes over $100,000 I bet gone into for that 500,000 mile truck.

    rip off all around.
     
  11. Rix43

    Rix43 Light Load Member

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    NW of Chicago
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    Come on now. The guy wants a KW, maybe he doesn't have a house or car payment to worry about. Poor guy.
     
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