Roehl lease purchase good or bad?

Add up the costs and fees..$4500 per month compared to maybe $2500 per month to buy a truck?
You can see your paying a huge difference.. especially if they are dispatching you.
The only way I would buy a truck is normal financing with 5% interest.

 

Read this, lot's of good info, a must read if you go this lease route. http://rawze.com/book/The First Time Class-8 Lease-Purchase Owner-Op Guide.pdf

 

The reason they continue to exist is because of people like you. No offense, but they take advantage of you and your ignorance of the situation. Take some real time to peruse the site here and learn the truth. Once you crunch the numbers it will be extremely obvious to you how these are designed to fail. You will also see only about 2 percent actually find it beneficial. A LP will only turn you into an indentured servant. Seriously.

 

There's are ways to determine whether or not a lease deal is good or not. Look at the payment schedule.

1.) Is it a weekly payment or a monthly payment? With a weekly payment, every time you go home for a week, or broke down, the payments quickly snowball.

2.) Tires and maintenance escrow accounts. The company you're leasing from takes out so much money per mile and puts this in a maintenance account. Do YOU have control over this account or do they? When you want tiredness your truck, can you get tires, or do you have to go to one of their terminals and get tires that were taken off of a company truck? Can a shop at your company's yard or that's affiliated with your company "inspect" your truck and take money out of your maintenance account without your consent? Can you pick and choose what shop does what repairs?

A good lease purchase program will be done in a way that works for the driver, NOT the company. If you can't go home without being punished, if others have access and control of your maintenance accounts, it is NOT a good program for you, the driver.

 

To kind of add on to what six said, a program like JCT for instance, won’t kill you on money lost if you take time off. It’s a mileage lease which I’m not a huge fan of, but you only have to run a small amount of miles a week to break even. They don’t charge $900 a week for a truck you’ll never own. They have an actual lease purchase. Not advocating for them, but it’s one of the more doable leases.

 

Don’t get me wrong, I don’t work there, but they seem to have a pretty easy system that’s affordable and realistic. I know what used to be Sammons but is now DSV, used to be a nice easy option if you wanted to run flatbed freight.