Anyone ever heard of a L/P “rental”????

Discussion in 'Lease Purchase Trucking Forum' started by Arod1098, Aug 3, 2021.

Page 2 of 2

Aug 9, 2021 #11

Long FLD Road Train Member

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Unless your name is on the title you’re basically renting a truck while assuming all the costs associated with it, paying for someone else’s asset that you have no control over.

Long FLD, Aug 9, 2021

Long FLD, Aug 9, 2021

#11

Crazytrucker77, RJM1953 and baha Thank this.
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Sep 1, 2021 #11

xtremecargo Bobtail Member

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bzinger said: ↑

Run like hell!
Click to expand...

xtremecargo, Sep 1, 2021

xtremecargo, Sep 1, 2021

#11
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Sep 10, 2021 #12

Mr Uturn Light Load Member

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Ya ive heard that term before. I believe and could be wrong. But i believe it just what thier lawyers drew up the contract to read as. Because a purchase cant be called or taking back unless you default.
A lease purchase cant be taking back unless specific reasons are drawn out in contract.
A rental can be taken back at any time for any reason.

Mr Uturn, Sep 10, 2021

Mr Uturn, Sep 10, 2021

#12
Oct 24, 2022 #13

u4icwargasm Light Load Member

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Nov 8, 2016

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Why?

u4icwargasm, Oct 24, 2022

u4icwargasm, Oct 24, 2022

#13
Oct 25, 2022 #14

Crazytrucker77 Heavy Load Member

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Sounds like my setup. I get a new truck every 4 years.

Crazytrucker77, Oct 25, 2022

Crazytrucker77, Oct 25, 2022

#14