Is it ever worth putting a down payment to LEASE

Play it safe and go with a company that required nothing down or a small amount down.
Also watch for that huge balloon payment if you want to keep the truck after the lease ends. Some balloon payments are over $50K.
Some balloon payments are only $1.00 (one dollar)

 

Money down to gamble go to Vegas if you fail at least you can cry and pull your hair out at the hotel.

 

I don't know; never done a lease or been an 0/0
If you plan on something like that, become a member of www.OOIDA.com

 

The company I'm with has a balloon payment of 10% of the original loan amount for the purchase price of the truck.

A traditional loan will require a 20-30+% down payment on a truck so for those that can't cut that the 10% balloon is essentially a very low down payment that is attached to the end of the loan.

Some act as if the balloon payment at the end is some big rip-off but in reality it's a helping hand for those that can't finance a truck the traditional way that are starting off with no means to buy and through hard work were able to complete the terms of the lease/purchase agreement.

Want a better deal come up with a 1/3 down payment.

 

It depends on how the contract is written.
We have several of our old company trucks we have leased to drivers.
We only require $5k down. The $5k is not so much as a down payment, but a security blanket in case of insurance loss ($5k deductible) or the driver abandons the truck.

A few drivers have had the means to put down a proper down payment. That dropped the amount financed..thus the monthly payment went down as well.

 

Do NOT lease your truck from the same people you get your loads through, it's too easy for them to screw with you. I personally wouldn't lease a truck at all, but that's just me.

 

If it's a 3rd party lease purchase on older gear you most likely will have to put money down.

There is no one answer to your question. The value and age of the equipment and what your going to do for work will all play a part. And don't forget credit rating

Completely disregard this if your talking about L/P from a carrier.

 

Why don't you op get everything on paper, go find an accountant to look it over and help you decide,

See you leave out the important stuff, your personal situation.

Leasing is easy, lowering your tax liability with your situation is the hard part and need someone who knows taxes to talk to you.