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interstate distributors lease purchase

Discussion in 'Lease Purchase Trucking Forum' started by TRUCKEE411, Oct 9, 2015.

  1. Oct 9, 2015 #1
    TRUCKEE411

    TRUCKEE411 Light Load Member

    107
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    Sep 23, 2014
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    Does anyone know anything about interstate distributors lease purchase? I can't believe I'm actually considering lease purchasing lol.. I talked to a recruiter today and they now have the choice dispatch, I like that I can stay in CA, AZ, NV region (alot of freight moving in this region according to her) Truck note and expenses before fuel is 800_1000( according to her) they pay percentage, but I would start of mileage (1.01com loaded, 85cpm empty and 16cpm fuel surcharge =1.06 empty miles) .4cpm maintenance account or flat rate, 1500 down for a used truck. 2500_3000 down for a new truck. Balloon payment at the end of course.. I can do a 90day trial run and if I don't like it,I could walk away no harm no foul... Or sign a 18month to 3.5 year lease.. what you guys think?
     
    TRUCKEE411, Oct 9, 2015
    TRUCKEE411, Oct 9, 2015
    #1
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  3. Oct 9, 2015 #2
    Sneakerfix

    Sneakerfix Heavy Load Member

    720
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    Apr 22, 2015
    Pasadena,ca
    0
    The balloon payment at the end is a bad choice. You'll be paying 800 a month or week for 3.5 years. Your pretty much renting the truck for 3.5 years will you have the 40 to 50K to buy it?

    I'm thinking of leasing from my company due to the fact they pay 100% of the fuel as long as the trucks stay governed but it's not a ballon type lease
     
    Sneakerfix, Oct 9, 2015
    Sneakerfix, Oct 9, 2015
    #2
  4. Oct 10, 2015 #3
    TRUCKEE411

    TRUCKEE411 Light Load Member

    107
    49
    Sep 23, 2014
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    The recruiter said something about a certain amount of cpm will be set aside so at the end of the lease you acquire enough money to pay the balloon payment. I personally don't like that balloon payment part my self...
     
    TRUCKEE411, Oct 10, 2015
    TRUCKEE411, Oct 10, 2015
    #3
  5. Oct 10, 2015 #4
    Sneakerfix

    Sneakerfix Heavy Load Member

    720
    269
    Apr 22, 2015
    Pasadena,ca
    0
    if that's the case how much would you be making 25cpm?
     
    Sneakerfix, Oct 10, 2015
    Sneakerfix, Oct 10, 2015
    #4
  7. Feb 17, 2016 #5
    alexlepe81

    alexlepe81 Bobtail Member

    7
    1
    Jan 11, 2015
    0
    Man its been a long time since I've been on here. But I'm still trucking along. I know these treads are a little old and I wanted to ask if anybody is currently with Interstate doing the lease purchase deal? And if so is it good bad or the same old BS as every other lease purchase?
     
    alexlepe81, Feb 17, 2016
    alexlepe81, Feb 17, 2016
    #5
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