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SCREWED BY LEASING CO

Discussion in 'Lease Purchase Trucking Forum' started by SLOBUTSHO, Jul 29, 2019.

Page 1 of 2
  1. Jul 29, 2019 #1
    SLOBUTSHO

    SLOBUTSHO Bobtail Member

    6
    0
    Jul 29, 2019
    0
    I NEED SOUND ADVICE. I LEASED A TRUCK . WEEKLY CHARGES :

    TRAILER....200.00
    PHYSICAL DAMAGE....26.80
    CARGO INSURANCE....235.00
    OCCUP. ACC.INS....38.00
    TRIP PACK....15.00
    TRUCK PAYMENT....350.00
    PHYSICAL DAMAGE....53.50

    AND THEY CHARGED ME INTEREST ON THE FUEL I PURCHASED

    RAN FROM STURTEVANT WI TO DENVER.. LOAD PAID 2376.00 W/5 STOPS.. I ONLY RECEIVED 566.66
     
    SLOBUTSHO, Jul 29, 2019
    SLOBUTSHO, Jul 29, 2019
    #1
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  3. Jul 29, 2019 #2
    ZVar

    ZVar Road Train Member

    10,911
    23,805
    Sep 10, 2010
    Flint, MI
    0
    Read your contract, talk to a lawyer.

    That's really your only option now.
     
    ZVar, Jul 29, 2019
    ZVar, Jul 29, 2019
    #2
    SLOBUTSHO Thanks this.
  4. Jul 29, 2019 #3
    Long FLD

    Long FLD Road Train Member

    9,644
    37,543
    Mar 4, 2015
    0
    So.....what did the contract state when you signed it?
     
    Long FLD, Jul 29, 2019
    Long FLD, Jul 29, 2019
    #3
    FlaSwampRat Thanks this.
  5. Jul 29, 2019 #3
    thelushlarry

    thelushlarry Road Train Member

    3,023
    8,994
    Jan 9, 2012
    glasgow ky
    0
    Sound advice. DO NOT LEASE.
     
    thelushlarry, Jul 29, 2019
    thelushlarry, Jul 29, 2019
    #3
    FlaSwampRat, SLOBUTSHO, MartinFromBC and 2 others Thank this.
  6. Jul 29, 2019 #4
    TROOPER to TRUCKER

    TROOPER to TRUCKER Anything Is Possible

    7,607
    12,557
    Dec 15, 2014
    Charlotte, NC
    0
    Who reads contracts lol
     
    TROOPER to TRUCKER, Jul 29, 2019
    TROOPER to TRUCKER, Jul 29, 2019
    #4
    ruckusftlc, AModelCat, FlaSwampRat and 4 others Thank this.
  8. Jul 29, 2019 #5
    Ridgeline

    Ridgeline Road Train Member

    20,737
    101,051
    Dec 18, 2011
    Michigan
    0
    Wait ...you are leasing a truck and you are paying them for workers comp and trip Pak?
     
    Ridgeline, Jul 29, 2019
    Ridgeline, Jul 29, 2019
    #5
    MartinFromBC and Concorde Thank this.
  9. Jul 29, 2019 #6
    uncleal13

    uncleal13 Road Train Member

    3,757
    6,199
    Apr 9, 2009
    Humboldt, Sk
    0
    Looks about right to me. Close to $3800 a month for truck And insurance is in the ball park, assuming a late model truck.
    Company I'm leased on to charges 2% of the gross to use their fuel card.
     
    uncleal13, Jul 29, 2019
    uncleal13, Jul 29, 2019
    #6
    FlaSwampRat and SLOBUTSHO Thank this.
  10. Jul 29, 2019 #7
    starmac

    starmac Road Train Member

    6,642
    12,524
    Apr 11, 2019
    Fairbanks Ak
    0
    Have you ask them about it, Is this your first load?
    You seriously agreed to pay interest on fuel. lol
    Honest mistakes are made, but usually not by any company that leases drivers a truck.
    I would never use their fuel card, unless it was a dire emergency. Dem little percentages on gross, is the profit and it all adds up.
     
    starmac, Jul 29, 2019
    starmac, Jul 29, 2019
    #7
    FlaSwampRat, SLOBUTSHO, Midwest Trucker and 1 other person Thank this.
  11. Jul 29, 2019 #8
    HoneyBadger67

    HoneyBadger67 Road Train Member

    2,056
    4,509
    Dec 15, 2018
    Savannah, TN
    0
    So you've got $900 in regular expenses plus, (guessing), $900 +/- in fuel. 24-18=6...how'd you get screwed?
     
    HoneyBadger67, Jul 29, 2019
    HoneyBadger67, Jul 29, 2019
    #8
    FlaSwampRat Thanks this.
  12. Jul 29, 2019 #9
    skellr

    skellr Road Train Member

    8,737
    12,179
    Jul 17, 2011
    The Village, Portmeirion
    0
    Leases are ful lof "gotchas".

    You can make a certain amount per mile guaranteed! They don't tell you they give you a loan on a lower paying load to make it look like it pays better, and then charge you interest on the loan they gave you....

    Optional "emergency fund" that's nice, you don't get any interest on it, just keep it in the bank at least.
     
    skellr, Jul 29, 2019
    skellr, Jul 29, 2019
    #9
    FlaSwampRat and SLOBUTSHO Thank this.
  13. Jul 29, 2019 #10
    Linte_Loco

    Linte_Loco Road Train Member

    1,618
    6,484
    Apr 24, 2011
    LA (lower Alabama)
    0
    If you get around 65% of gross, that’s close to right
     
    Linte_Loco, Jul 29, 2019
    Linte_Loco, Jul 29, 2019
    #10
    FlaSwampRat Thanks this.
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