Choosing a truck to lease, Pete 579 or new Cascadia?

Read the contact before you sign. Thoroughly. It is walk away but if you turn truck in early they will inspect that truck with a fine tooth comb. If tires need replacing, hope the the tire fund has enough to cover the cost. You will pay for a detail no matter how well you clean the truck. I hit a dog one night In north little rock. It cracked the inner fender, had to pay for that. In the end I owed around $1800 (wife had health issues so I had to turn in early). I always had 10% of my settlement put into emergency fund. I paid the $1800 out of that with plenty to spare

 

So did mine. - in so many different ways.

Everything from ‘summer freight’ to ‘payments ‘, and everything in between.

I’d like to wish Good luck - but I think they’re working against us.

Luckily it’s not in the Prime forum - then I’d be in trouble.

Just a big sigh.

That’s all.

Peace.

 

If your gonna go broke fleecing, might as well look good doing it.. 579 all day over crapcadia, I do fancy the new generation crapcadia just never drove one to see if it improved over the previous one..

 

Just pick the purty one.
You do know the lease completed bonus is money you earned that they hold till the end.(they take it out of your pay upfront) and hope you bail.

 

Prime leases the trucks. You're just taking over the rental payments. And setting yourself up for trouble with the IRS come tax time.

Capitalize on summertime freight is pure stupidity. You want all year. Not just 3 months.

How about your credit profile when you decide things aren't working out. And you WILL be deciding that. Not only are you in trouble with the IRS. But now your credit is negatively impacted for 7 1/2 years. And all that money they keep from you to put aside for whatever incidentals. And there WILL be incidentals.

So no to cheap freight. So no to renting trucks.

There's a reason it's called FLEECE RENTAL. And there's only 5 words to describe it.

STUPID. STUPID. STUPID. STUPID. STUPID.

There might be more. I don't know. I''ve never considered renting.

 

The Pete will ride slightly better than the Freightliner. The Pete will also have a tendency to have more rattles on the inside. As much as I like Paccar products I would have to say the Freightliner would be the one I would go with.

 

Actually it is, it isn't a straight lease because becuase of the words lease completion payout. And there isn't a walk away lease with trucks unless you get a commercial lease with no ties to any carrier.


I'm more than familiar with leasing, I did the leasing to owners and there is a lot of ways to screw the person doing the lease. I am thinking about returning to it but the margins are so thin I can't do it with trucks that are still in the loan cycle.

 

You were doing it wrong then ridgeline, if you would have leased and then turned around and only payed them $1 per mile you would probaly be in the Bahamas right now drinking a magarita..

 

I get what you are saying but I was leasing the trucks out. I made off the one truck $36k and the other a little over $28k (that's a biannual return).

They surpassed the investment into the trucks I had, and before they were leased out, they were paid for in full.

See I didn't care about them, they made just enough money to use as leverage to secure a loan and when they started to get tired, I offered them to the owners who leased them and one took the offer the other declined and bought a truck.

There is a consideration of leasing out some more trucks instead of selling them, but that's up in the air until the medical stuff is out of the way.

 

It’s called “rent a ride”