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Anyone Leasing a Tractor From RYDER or Penske? Or Idealease? Long Term Lease.

Discussion in 'Ask An Owner Operator' started by Flying240, May 18, 2019.

Page 2 of 3
  1. May 18, 2019 #11
    Scooter Jones

    Scooter Jones Road Train Member

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    Yes, most of those lease programs have a mileage maintenance agreement that's charged out every month or quarter on miles run on top of the regular monthly payment.

    The way I've seen them structured is on a stair stepped basis. Going up every year. Start at 0.06 per mile 1st year, 0.07 2nd year and so on.
     
    Scooter Jones, May 18, 2019
    Scooter Jones, May 18, 2019
    #11
    Dave_in_AZ Thanks this.
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  3. May 18, 2019 #12
    Scooter Jones

    Scooter Jones Road Train Member

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    Btw, I'm not crazy about the lease option programs with full maintenance agreements.

    If you can afford to buy new with a decent interest rate, you're better off as a one man operation to go that route, in my opinion.
     
    Scooter Jones, May 18, 2019
    Scooter Jones, May 18, 2019
    #12
    RubyEagle, Flying240, PE_T and 1 other person Thank this.
  4. May 19, 2019 #13
    Flying240

    Flying240 Light Load Member

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    your fixed monthly is $2270/month and .06/mile.
     
    Flying240, May 19, 2019
    Flying240, May 19, 2019
    #13
    Dave_in_AZ Thanks this.
  5. May 19, 2019 #14
    Flying240

    Flying240 Light Load Member

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    Yea I've always own a truck. I just want to try something different. Like drop it off and go home so whatever needs fixed can be fixed by the time I'm back. Also the security of knowing roadside is just right at your fingertip.

    Maybe it's because I just haven't experienced it yet. Just something different I guess.
     
    Flying240, May 19, 2019
    Flying240, May 19, 2019
    #14
  7. May 19, 2019 #15
    Atlanta trucker

    Atlanta trucker Road Train Member

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    Don't do it bad idea
     
    Atlanta trucker, May 19, 2019
    Atlanta trucker, May 19, 2019
    #15
  8. May 19, 2019 #16
    Flying240

    Flying240 Light Load Member

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    Please elaborate.
     
    Flying240, May 19, 2019
    Flying240, May 19, 2019
    #16
  9. May 19, 2019 #17
    Liquidforce

    Liquidforce Light Load Member

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    Savannah GA
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    2270 and .06 a mile is not bad. How many years are they putting you on the hook for?
     
    Liquidforce, May 19, 2019
    Liquidforce, May 19, 2019
    #17
  10. May 19, 2019 #18
    Flying240

    Flying240 Light Load Member

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    5 years.
     
    Flying240, May 19, 2019
    Flying240, May 19, 2019
    #18
  11. May 19, 2019 #19
    Liquidforce

    Liquidforce Light Load Member

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    Sep 27, 2016
    Savannah GA
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    I’ve got them down to 3 years. Otherwise not a bad deal.
     
    Liquidforce, May 19, 2019
    Liquidforce, May 19, 2019
    #19
  12. May 19, 2019 #20
    Scooter Jones

    Scooter Jones Road Train Member

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    This is for a brand new truck? No down payment?
     
    Scooter Jones, May 19, 2019
    Scooter Jones, May 19, 2019
    #20
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