Break lease, keep truck!!! Is it possible

I think Schneider will let you take one else where.

 

I saw several drivers do that at Greatwide. That's been awhile, but maybe still allow it.
Lease Purchase Program | United States | Greatwide Truckload

 

It states in the WFX lease that after one year at WFX you can pay a deposit of $5000 and take the truck to another company. As to how the payments would be setup I do not know.

 

The answer you seek is in the contract you sign.

 

I vaguely remember a while back when "getting on the Schneider load board was all the rage" that it was explained if you bought your truck through Schneider Finance, were current on your payments, had various funds in escrow and wanted to move to another trucking company that Schneider Finance approved it was POSSIBLE. I seem to remember your bank account had to be set up so your funds were available to the finance company so they could guarantee access to your fnds for truck payment.

 

Any one know of a carrier thats willing to deduct your lease and maintenance amount from settlement and submit it to leasing company?

 

I hate answering a question with a question. But cany answer with out knowing. Who is your lease thru?

 

I know Scheinder, TEL (JB Hunt), and a couple others do, but it’s not cheap. All current accounts have to be positive, $5-$10k security deposit, ACH checking account withdrawal set up, and between $400 and $1200 for paperwork processing depending on carriers credit worthiness to the primary leasing company (making sure that you get paid!)... so while absolutely possible... better off just taking that $5k and going to HMC Kenworth and getting a used truck with payments of $350 a week ($1300 monthly) vs $750-$1k after maintaince accounts through leasing companies.