i was wondering if anyone has any knowledge on being in a walk away lease and possibly keeping the truck and taking it under a new companies authority.... I was told by western express that there is a way to keep the truck and go under someone else’s authority as long as I can guarantee payment. I’m not sure if it’s true and if so how can it be done? Thanks in advance
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Break lease, keep truck!!! Is it possible
Discussion in 'Lease Purchase Trucking Forum' started by Newschool28, May 29, 2019.
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I saw several drivers do that at Greatwide. That's been awhile, but maybe still allow it.
Lease Purchase Program | United States | Greatwide Truckload -
Intothesunset Thanks this.
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Any one know of a carrier thats willing to deduct your lease and maintenance amount from settlement and submit it to leasing company?
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I hate answering a question with a question. But cany answer with out knowing. Who is your lease thru?
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I know Scheinder, TEL (JB Hunt), and a couple others do, but it’s not cheap. All current accounts have to be positive, $5-$10k security deposit, ACH checking account withdrawal set up, and between $400 and $1200 for paperwork processing depending on carriers credit worthiness to the primary leasing company (making sure that you get paid!)... so while absolutely possible... better off just taking that $5k and going to HMC Kenworth and getting a used truck with payments of $350 a week ($1300 monthly) vs $750-$1k after maintaince accounts through leasing companies.
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