I have been an extra professional driver for over 7 years. I have worked for 7 companies in that time... With the longest one being 3 years and my current on for only 4 months. I am buying a Cascadia with a rebuilt engine, new transmission, new onboard computer, new turbo, new front suspension.
I am paying under 500 a week every week for 3 years. at end of 3 years I can buy outright for 5k or continue to make payments until paid off.
I must remain with company for that time. interest is figured into the payments thus what I pay is all I have to pay, it deducts.
I want to be an owner operator and I realize that being leased on with a company that pays your fuel , handles paper work etc is just a fraction of the over all picture but its a great start. And to think just 7 years ago I was finishing trucking school with no idea that I had to bring my own bed sheets for the truck I would be driving with my first company...
Oh, I can walk away from lease at any time. I am expected to take care of maintenance and if any major engine failure happened that the 1 year engine warranty does not cover , they will loan me the money to repair. No its not a family member doing this, its an old timer 30 year veteran driver who has helped many drivers get into being owner operators and cares about the industry. I am the last person he is doing this for....
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I am lucky that I am buying a truck from an old timer
Discussion in 'Lease Purchase Trucking Forum' started by Unclehams, Aug 3, 2017.
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What year is this 80k "good deal"?
ladr and Crude Truckin' Thank this. -
2k per month, so the truck is $75k or so? What year and how many miles?
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With the new stuff you listed I gotta wonder if it was abused or just not maintained
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That's nice ... what's your anticipated revenue stream? Other fixed costs? Estimated ongoing maintenance costs?
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It smells bad.
Be extra carefulpassingthru69, HalpinUout, wore out and 1 other person Thank this. -
Run as fast as you can in the opposite direction.
HalpinUout, Opus, MM71 and 1 other person Thank this. -
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26,000 per year, 78,000 plus 5k is 83,000.
Ouch!
If it works for you and that's the only way...but not in the good deal range.Last edited: Aug 3, 2017
Reason for edit: Bad math!
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