It's not a maintenance fund. I talked to them. Here is the actual: It is called warranty that you are paying for. They take out 15 cents per mile for this warranty. They pay for things during the first 2 years of the lease, but not everything. They have a sheet of what they pay for. On year 3, you are still paying 15 cents per mile for the warranty, and yet they hardly cover anything. They call it a warranty and not a maintenance fund. This is how they get away with not giving you any money back. I checked with my attorney, and since it is called a "warranty, non refundable", they don't owe any money back. It's their part of the flease purchase. If you run 120000 miles per year you pay $18000 into this warranty. You cannot even get things fixed without pictures and permission. If you need tires, pictures need to be sent it for CRST to pay for it. So for 3 years running these miles, your paying in $54,000. You might actually get to use $23,000 of it. They keep the rest.
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Crst Malone
Discussion in 'Lease Purchase Trucking Forum' started by Jim.M.111, May 25, 2016.
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All my paper work and settlement sheets say maintenance I'll try and upload a screenshot
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Here is what they cover: Look at how they say Bumper to Bumper:
Lease Purchase Program * Normally 3 Year Lease
[This information is subject to change]
PERIOD 1 Typically the first two years of a three year lease.
Bumper to Bumper coverage with the following EXCLUSIONS:
- Glass Breakage
- Mattresses
- Adjustments to speed or horsepower
- Towing charges for being stuck
- Jump starts after home time
- Running out of fuel
- Driver Abuse
- Rear end failures caused by spin outs
- Consumable parts (wipers, wiper nozzles
- Fire Extinguishers
- Triangles
- Inverter installations or removals
- Repairs done to equipment without Maintenance authorization
PERIOD 2 Typically third year of the lease. Coverage is for routine maintenance only.
Covered items include
- Tires: Normal Wear Only
- Brakes and Brake Components
- Oil Changes
- Belts and Hoses
- Alternators
- Air Conditioning Systems
- Heater Motors
- Clutch and Clutch Housing
- Lights
Items NOT covered during Period 2 (in addition to exclusions noted above for Period 1)
- Engine and all internal parts
- Fuel injectors
- ECM or associated electronic components
- Turbo and Inner cooler
- Oil cooler, pan and pump
- Transmission and all internal parts
- Axle assemblies and all internal parts
- Timing case cover and timing gears
- Exhaust manifold
- Intake Manifold
- Performance complaints
- Oil consumption, this includes oil leaks
- Front suspension, king pins, spring hangers
- Radiator
- Glass – windshields, etc.
Jim.M.111 Thanks this. -
Here
Attached Files:
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I know it says maintenance account in your pay statement but in the contract that they forwarded me it says bumper to bumper warranty. Since your statement does say maintenance acct, I think it would be a good argument in court to get reimbursed. I only took the contract to my attorney, and he said since it is a warranty, they do not have to reimburse it.
Jim.M.111 Thanks this. -
Of course I didn't lease on with CRST Malone. I can only speak to what the copy of the contract said along with my attorney.
Jim.M.111 Thanks this. -
How come there is no fuel deduction?
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It's included in the load itemization, and it's called an advance. Save all receipts for your records.
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That boys and girls is why we go to a dealership (even a small one), buy an inexpensive truck, learn to turn wrenches ourselves, and stay away from LP programs.
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Because we all know dealerships are on the up and up.
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