Truckers Report Jobs

Find Trucking Jobs

Company Driver Company Driver Dry Van Dry Van Flatbed Flatbed Refrigerated Refrigerated Specialized Specialized Owner Operator Owner Operator
More Trucking Job Searches ⌄ Fewer Trucking Job Searches
⌃
  1. New Lease Purchase Jobs $0 Down and other incentives Click Here to see offers
    Dismiss Notice

Question lease and medical leave

Discussion in 'Lease Purchase Trucking Forum' started by supertruck#1, Oct 11, 2019.

  1. Oct 11, 2019 #1
    supertruck#1

    supertruck#1 Bobtail Member

    39
    14
    Nov 17, 2014
    Mississippi
    0
    I lack a month on my lease i dont make payments just so many miles for company then mine. So around 10,000 miles which is a months work. My question is i was in a accident another trucker hit me im on medical leave. Can the company void my lease and take truck if im on medical leave? Been told by them they would. Anyone can point me to any info on laws?
     
    supertruck#1, Oct 11, 2019
    supertruck#1, Oct 11, 2019
    #1
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Oct 11, 2019 #2
    Cat sdp

    Cat sdp . .

    19,871
    64,164
    Apr 8, 2012
    Orion's Belt
    0
    Read your lease..... but I’d say yes they can if you don’t make payments
     
    Cat sdp, Oct 11, 2019
    Cat sdp, Oct 11, 2019
    #2
    p608 Thanks this.
  4. Oct 11, 2019 #3
    buddyd157

    buddyd157 Road Train Member

    13,454
    34,351
    May 25, 2017
    under a shade tree
    0
    pretty much like anything else...don;t make the payments, they can repo it.
     
    buddyd157, Oct 11, 2019
    buddyd157, Oct 11, 2019
    #3
    x1Heavy Thanks this.
  5. Oct 27, 2019 #4
    mover man

    mover man Road Train Member

    1,698
    1,801
    Feb 21, 2010
    0
    I could be wrong, but I believe one of the reasons the companies do lease. Is because as a lease THEY own it and can do pretty much whatever they want. As opposed to being a purchase where their are laws that dictate. What they can and cannot do, and how they can do it.
     
    mover man, Oct 27, 2019
    mover man, Oct 27, 2019
    #4
    x1Heavy Thanks this.
  7. Oct 27, 2019 #5
    x1Heavy

    x1Heavy Road Train Member

    34,017
    42,098
    Mar 5, 2016
    White County, Arkansas
    0
    No money honey? So solly, give me keys Honey. Its mine now. Bye bye. Feel better soon.
     
    x1Heavy, Oct 27, 2019
    x1Heavy, Oct 27, 2019
    #5
  8. Oct 28, 2019 #6
    MysticHZ

    MysticHZ Road Train Member

    5,817
    5,560
    May 28, 2010
    0
    Yep ... You're wrong.

    Leases - particularly at the megas - are generally pass through leases. The trucks are leased from the manufacturer, and the lease is passed through the carrier's 3rd party leasing company to the end user.
     
    MysticHZ, Oct 28, 2019
    MysticHZ, Oct 28, 2019
    #6
  9. Oct 29, 2019 #7
    starmac

    starmac Road Train Member

    6,642
    12,524
    Apr 11, 2019
    Fairbanks Ak
    0
    If this is a lease purchase and you just owe another month, normally I would say just make the payment, even if you have to borrow the money and get the title in hand.
    Now it is pretty hard to go to the bank and borrow 10,000 miles, is there no monetary value for the miles written in your contract?
     
    starmac, Oct 29, 2019
    starmac, Oct 29, 2019
    #7
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.