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Want to avoid getting burned by a lease-purchase agreement?
Discussion in 'Lease Purchase Trucking Forum' started by rookietrucker, Dec 13, 2009.
Page 57 of 72
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USA truck went out of business? I must have missed that one.
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damonarnold816 and mqc1298 Thank this.
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If you want to lease purchase then do so with the goal of saving ALL the money after expenses, minus home bills, to buy a used truck outright from a dealer. You might have to buy an old one. Just set it to the side and rebuild it. This might take 2-3 years but at the end you will have practically a brand new truck. First thing you should do is forget about the escrow and save up to $10k yourself for the tool, the truck, you're leasing. I personally would never see the truck I'm leasing as MY truck. Most have 400-500k miles on them and by time you pay it off, if you even do so, it will be about that time to overhaul the engine. Which can go from $15k-$22k. In the end you will either sell it and start over or pay $70k for a $45k truck.
born&raisedintheusa and mqc1298 Thank this. -
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I could careless if Y pop u got a loan or put cashdown.born&raisedintheusa and mqc1298 Thank this. -
Jarhed1964, born&raisedintheusa, Kentrucker and 3 others Thank this.
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That's how I see it...LP your house cars etc unless it's paid for..
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By the GRACE OF GOD, it is fully paid off with all the insurance premiums up to date. Also, by the GRACE OF GOD, it is in excellent mechanical condition, along with the outside also looking good.
It TRULY & GENUINELY a great feeling owning a car as this.
All of my previous cars were absolute junk, quite often owing money on them.
God bless every American and their families! God bless the U.S.A.!
OTR & LTL - over the mountains - through the woods - coast to coast - sea to shining sea
The OTR & LTL truck drivers of America are positively the driving force of our economy.Last edited: Apr 17, 2017
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I'm going with a different company.
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Page 57 of 72