Mercer lease through Quality?

$240k for a basic truck. ..my goodness!!

 

That's about 13.5% APR on a 7 year loan for a truck that costs $155,000 off the lot. Unless you have excellent credit, that rate isn't too far off from what you would get at a bank...

 

Plus, if it doesn't work, you can walk away without a hit to your credit. You can't do that if you finance through a bank or credit union...

 

250_k would buy me a used truck, trailer, and my own authority for better paying freight since there's not 3 people taking a cut. That's a lot. But I still wonder why you would lease from someone that would tell you who to roll with. What's going on behind the scenes here. I mean, I'd rather a company like combined that pays well75℅ and you don't have a trailer payment. Or bring your own trailer and get 83℅. They got loads out of minden LA paying 7 dollars a mile. I'm company and the only reason I'm not o/o is I'm a first timer. Financing is hard without 20℅ for a new business. I'm on a 64,000 salary with them, broke down or not, home or hospital. If quality's trucks make so much money you could make your payments, then why should you be stuck with their selection of carriers. IDK, just my opinion

 

You heard wrong no balloon payment $1 byeout at the end. But when u lease don't lease to own lease to make more money do u cam buy and own and also learn that side of the business to see if u want to do why buy a truck and the find out its not what u wanted do a one year or walk away lease if it don't work then give back and go back company. Of u buy your stuck unless u can sale the truck

 

If you only look at the $250K number you don't get it. It is the money you make after making the monthly payments that count. If you clear $90K a year after paying all your bills, who cares what the equipment costs. Be smart, double down on payments and get it paid off. Obviously if you pay for that equipment and you you have no idea how to run a business and fail, you will blame the high payments, always happens.
It is like a house, pay a 30 year mortgage, end up paying $300K for that $120K house. But in 30 years the house will be worth $500K. The $300K doesn't shock you anymore.

 

Might as well get a brand new truck . The rated has increased to $695 a week. You better off saving for a down payment and using alone Mountain or similar lease purchase deals where you only end up paying $160-170k for the truck over 5 years. You should care how much you pay for the truck because it doesn't appreciate like a house I bought my '13 Cascadia from Prime and put $9k down and just paid it off over 4 years. Total payments and downpayment total $160k and that included a brand new apu. Well 6 months old that I took from a lease truck I drove 6 months and they sold it to me for $2500 when it was actually a worth a lot more. I could have saved $5k if I elected to pay it off in 3 years but 4 gave some some extra flexibility.
You will pay Quality $250k for the same truck you can get for around $160k at Prime, Lone mountain, or even KLLM. The Cascadias run about $130k. The only way I would pay that price at Quality is if I got a bran L's new KW W900 with the 86 super sleeper. Fuel is be bad(6-6mpg) but I know I'm getting a better quality truck than a Cascadia.

 

I think you missed his earlier post he said it was a new truck priced at $155,000 intrest at 13.5%brought total payed to&250,000.Prime is also going to charge intrest on that $160,000 truck to I'm sure.

 

Nope sir. The total payments for the prime truck come to $160,000. Interest is already built into the payments as KLLM and other companies that offer a lease our had with a $1-100 buyout at end to own.

 

What I was saying is your talking about to different trucks he was talking about a new truck your comparing a used one.