force lease

No, I ain't the only one. There's more. Just because you don't see them here doesn't mean they don't exist.

 

We have a maintenance account that pays for that, and repairs. 7CPM of paid miles driven goes into that account.

You have the option to buy it at the end of the lease.

 

Of course I could. I've done it. It's some hard-arse work, but very doable.

Sure they can! Again, I did it. And the cool thing about the elogs, my DM could see my logs and set my loads up around them. That short, 5-week period I ran by myself, I didn't have one single log violation and trust me, England's log department would have spotted them long before dot would've.

I ran 2800-3100 miles a week when I ran solo while my wife was at home so if done correctly and responsibly, you can run good miles legally.

 

I guess that would be a way to go but wouldn't they have to actually, physically lay you off in order to draw unemployment? Seems to me that in that situation, they are placing you on standby, not laying you off.

Also, if you quit because of having basically being placed on standby to wait for a truck, wouldn't the unemployment agency see that as a reason to deny you because there were other options? I know that in some cases you can still qualify for unemployment benefits if you quit but its like you have to have a #### good reason in order to be considered, especially now when the unemployment rate is so high.

 

Standby=Layoff or temporay layoff I belive. he never said he was quiting. of course if you quit you can file for unemploymnet. I think it is the only way to get the bottom feeder to sttop sunch stunts.

 

Then that means you don't own it. is the price at least preset? and if so is it current book price?

 

Well, I don't know if the company or the unemployment agency sees those two things as the same thing. I've never heard of anybody being paid unemployment for being placed on standby. I have however, for those that have been laid off, fired or quit but then again, I don't know that much about the unemployment office.

So, if "he" never said to the company that he was quitting, did the company ever tell him he was laid off while they find him a truck?

The only reason I threw in the quitting comment was because I was led to believe he silently quit when you said something like pursuing another driving gig while waiting.

Not always. There is still certain criteria that has to be met in order to be qualified for the benefits if you quit.

Well, if you can prove your company didn't put you in a company truck because they wanted you to lease instead of saying they didn't have any company trucks for you to be assigned to then I say go for it.

Good luck proving that.

 

I know I don't own it. I never insinuated that I did. Even with financing, you don't own squat until you make the final payment.

I have no idea to both of those questions.

I've heard that the buyout price at the end of the lease is kinda high, but I won't know that because we don't plan on buying the truck.

 

This statement is technically incorrect.

When you lease the truck belongs to the person you lease from and ownership does not change to you until you exercise the buyout.

When you purchase and finance a truck it belongs to you and your name is on the title. The financial institute has a lien on the truck until it is paid for. In some states the lienholder gets the title and in some states the owner gets the title. In my state I get a title with my name on it when I purchase that truck.

There is also a big difference in how the truck can be taken from your possession with a lease and a lien. With a lease the truck does not belong to you and can be taken at the drop of a hat. With a lien the lienholder must take the truck through a court procedure.

This is a subject that few understand. With a loan the truck belongs to you. With a lease it does not.

 

Well, I don't know how it works in the big truck world, but when it comes to financing a car or pickup, you don't get the title and you don't own it until you pay for it.

I've only paid off two vehicles that I have financed and I didn't get the title until I made the last payment.

As far as it may or may not be in the realm of financing trucks, even if they give you a title at the time of signing, ask them, the bank or who ever the credit union is that's loaning the money what happens when you miss enough payments.

You may be harder to find since this country is a big one and who knows what part of it you'll be in at any given time, but you'll be found eventually.

****taken from the article to the url below****
http://www.cars.com/go/advice/Story...story=should-i-pay-cash&referer=&aff=national