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How much $ to break a Schnieder lease Truck

Discussion in 'Lease Purchase Trucking Forum' started by Dante101, Jun 18, 2019.

Page 1 of 3
  1. Jun 18, 2019 #1
    Dante101

    Dante101 Bobtail Member

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    Jun 18, 2019
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    Haven't went O/O yet but I'm going to be assigned the truck in a few wks. ( please spare me the horror stories, i'm aware of them lol) I have no intentions of doing it in the long run until the contract ends (it's a used but newer semi) but instead leave 4-5 months to get my own truck with reasonable payments. For reasons for not buying it now I won't explain. So my question is how much should I expect to pay to get out of it, I saw one guy on youtube payout 5K but he was in the company for a year, so i'm assuming his was less expensive.
     
    Dante101, Jun 18, 2019
    Dante101, Jun 18, 2019
    #1
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  3. Jun 19, 2019 #2
    MysticHZ

    MysticHZ Road Train Member

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    The horror stories are not issues with leasing. They are about people who have no clue how to manage a business.

    Your plan appears to be a billboard for a horror story
     
    MysticHZ, Jun 19, 2019
    MysticHZ, Jun 19, 2019
    #2
    Shardrk, MM71, Dave_in_AZ and 12 others Thank this.
  4. Jun 19, 2019 #3
    drvrtech77

    drvrtech77 Road Train Member

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    It's $6000 to break it..
     
    drvrtech77, Jun 19, 2019
    drvrtech77, Jun 19, 2019
    #3
    Dave_in_AZ, MartinFromBC, baha and 1 other person Thank this.
  5. Jun 19, 2019 #4
    buddyd157

    buddyd157 Road Train Member

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    well i would think that you have to pay off the balance of the lease, i mean it IS a SIGNED contract, that BOTH sides have agreed to.

    this is a question better asked to the leasing dept......
     
    buddyd157, Jun 19, 2019
    buddyd157, Jun 19, 2019
    #4
  7. Jun 19, 2019 #5
    gentleroger

    gentleroger Road Train Member

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    Do you really think you will make $6,000 more in your first 6 months as an IC than you would as a company driver?

    Continue doing whatever you currently are until you can commit to running thw truck. Leasing for 6 months is a losing proposition.
     
    gentleroger, Jun 19, 2019
    gentleroger, Jun 19, 2019
    #5
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  8. Jun 19, 2019 #6
    Rooster1291979

    Rooster1291979 Road Train Member

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    If you can't make an extra $1000 per month leasing with them it's a bad lease. Find a better one.
     
    Rooster1291979, Jun 19, 2019
    Rooster1291979, Jun 19, 2019
    #6
  9. Jun 19, 2019 #7
    gentleroger

    gentleroger Road Train Member

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    From the numbers I've seen, most people who survive their first year leased onto a large carrier net only slightly more than they would make as a company driver - once HEALTH INSURANCE, SELF EMPLOYMENT TAXES, and CAPITAL REINVESTMENT are accounted for.

    In the first six months, not a chance is anybody going to net enough that breaking a lease is going to be cost effective.
     
    gentleroger, Jun 19, 2019
    gentleroger, Jun 19, 2019
    #7
    drvrtech77, Opus and Intothesunset Thank this.
  10. Jun 19, 2019 #8
    drvrtech77

    drvrtech77 Road Train Member

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    He should look into one of those lease deals that some co's offer for 6mos..sfi is long term..
     
    drvrtech77, Jun 19, 2019
    drvrtech77, Jun 19, 2019
    #8
  11. Jun 19, 2019 #9
    gentleroger

    gentleroger Road Train Member

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    I've never even heard of a lease less than one year long unless we are talking about renting from penzke or ryder. The cost has got to be prohibitive.
     
    gentleroger, Jun 19, 2019
    gentleroger, Jun 19, 2019
    #9
  12. Jun 19, 2019 #10
    drvrtech77

    drvrtech77 Road Train Member

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    Ats has a 6mos lease available..
     
    drvrtech77, Jun 19, 2019
    drvrtech77, Jun 19, 2019
    #10
    gentleroger Thanks this.
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