Best Walkaway Straight Lease

Discussion in 'Lease Purchase Trucking Forum' started by ATXCowboy, Oct 27, 2024.

  1. ATXCowboy

    ATXCowboy Light Load Member

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    I’m new to the CDL world and I’m considering walk away leases since I leave the country for about 4 months per year being that I’m retired. Leasing gives me the freedom to go home when I please and I like the idea of turning in the truck if I need to take time off for months at a time.
    Which companies can any of y’all recommend that’ll accept a new CDL grad?
     
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  3. Numb

    Numb Crusty Curmudgeon

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    so, you're saying you want to lease for 8 months per year and come back 4 months later and repeat?
     
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  4. ATXCowboy

    ATXCowboy Light Load Member

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    Yes. Or possibly a longer period. Depends on what I have going on
     
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  5. cuzzin it

    cuzzin it Road Train Member

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    I'm sure that other will chime in. But short answer is DONT.....
     
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  6. MysticHZ

    MysticHZ Road Train Member

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    You don't turn the truck in. You have to cover the payments. If you walk away from a lease your done with that company.

    Starting a business is not a part time job. It's full time plus. In a few years after you've established yourself, have cash in reserve, know your customer base, then you may be in a position to back off and give yourself more time.

    Right now if you try to do what you want, you'll just be burning through your retirement income to support a failing trucking business.
     
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  7. bad-luck

    bad-luck Road Train Member

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    Bad idea!
     
  8. ATXCowboy

    ATXCowboy Light Load Member

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    I’ve seen that other folks have been successful with doing this and turning in the truck after completing the lease is part of the deal. I knew of a man who was driving for years doing something similar except he was doing 6 months a year. Now he’s back in Poland. When I asked him how he does this he said there’s plenty of trucking companies out there. One company that comes to mind is RE Garrsion out of Cullman Al. They’ll allow you to lease a truck for x amount of time, return it, and then take 6 months off.
     
    Last edited: Oct 27, 2024
  9. Numb

    Numb Crusty Curmudgeon

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    lease purchase or a straight lease??
     
  10. ATXCowboy

    ATXCowboy Light Load Member

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    Straight lease. I’m not wanting to own the truck
     
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  11. Numb

    Numb Crusty Curmudgeon

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    ok, most of the replies are thinking you're talking about a lease/purchase agreement.
     
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