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Company buy out lease?

Discussion in 'Ask An Owner Operator' started by blacklabel, Sep 22, 2017.

Page 2 of 3
  1. Sep 22, 2017 #11
    blacklabel

    blacklabel Heavy Load Member

    870
    1,268
    Nov 6, 2011
    MO
    0
    I can't get a loan BC I don't have credit not bc it's not worth 35.
     
    blacklabel, Sep 22, 2017
    blacklabel, Sep 22, 2017
    #11
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  3. Sep 22, 2017 #12
    ZVar

    ZVar Road Train Member

    10,911
    23,832
    Sep 10, 2010
    Flint, MI
    0
    Dunno how to say it diffrent... If you can't get a loan, no matter your credit, with 2x collateral then it's not worth what you think it's worth.
     
    ZVar, Sep 22, 2017
    ZVar, Sep 22, 2017
    #12
    nightgunner and win-some-loose-less Thank this.
  4. Sep 22, 2017 #13
    win-some-loose-less

    win-some-loose-less Medium Load Member

    691
    997
    Apr 19, 2010
    Mount Vernon tx
    0
    the better the LTV, the less likely credit worthiness will become a hinderance..
     
    win-some-loose-less, Sep 22, 2017
    win-some-loose-less, Sep 22, 2017
    #13
  5. Sep 22, 2017 #14
    LoJackDatHo

    LoJackDatHo Medium Load Member

    446
    752
    Jan 26, 2017
    0
    Truck stats?

    Year
    Make
    Model
    Engine
    Chassis mileage
    What else has been done

    Bottom line, if truck is worth it, they just got a steal of a deal, if they are smart
     
    LoJackDatHo, Sep 22, 2017
    LoJackDatHo, Sep 22, 2017
    #14
  7. Sep 22, 2017 #15
    blacklabel

    blacklabel Heavy Load Member

    870
    1,268
    Nov 6, 2011
    MO
    0
    86 359 425 cat with overhaul 90 days ago.
    FB_IMG_1506002803470.jpg
     
    blacklabel, Sep 22, 2017
    blacklabel, Sep 22, 2017
    #15
  8. Sep 22, 2017 #16
    Superhauler

    Superhauler TEACHER OF MEN

    12,209
    100,733
    Jan 30, 2010
    keep stroking.
    0
    Um, 90 day overhaul? No warrenty??
     
    Superhauler, Sep 22, 2017
    Superhauler, Sep 22, 2017
    #16
  9. Sep 22, 2017 #17
    blacklabel

    blacklabel Heavy Load Member

    870
    1,268
    Nov 6, 2011
    MO
    0
    Yeah it was built by Peterbilt. The company gave me the money to build it after it blew up. Now they are terminating my contract and I have to buy it from them now or lose it
     
    blacklabel, Sep 22, 2017
    blacklabel, Sep 22, 2017
    #17
  10. Sep 22, 2017 #18
    Superhauler

    Superhauler TEACHER OF MEN

    12,209
    100,733
    Jan 30, 2010
    keep stroking.
    0
    If I remember your leased on with one of our sister companies??
     
    Superhauler, Sep 22, 2017
    Superhauler, Sep 22, 2017
    #18
  11. Sep 22, 2017 #19
    Tug Toy

    Tug Toy Road Train Member

    7,022
    73,606
    Jul 4, 2015
    Corn field
    0
    Why would they terminate your lease? That should tell the rest of the story is my guess? Good lookin truck though.
     
    Tug Toy, Sep 22, 2017
    Tug Toy, Sep 22, 2017
    #19
  12. Sep 23, 2017 #20
    blacklabel

    blacklabel Heavy Load Member

    870
    1,268
    Nov 6, 2011
    MO
    0
    Yes sister company.

    Terminating lease BC I got a ticket then an OOS roadside inspection. That's the rest of the story but has little to do with taking my truck with me.
     
    blacklabel, Sep 23, 2017
    blacklabel, Sep 23, 2017
    #20
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