Lease not purchase

Discussion in 'Lease Purchase Trucking Forum' started by Jayone1, Sep 26, 2020.

  1. Jayone1

    Jayone1 Bobtail Member

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    Sep 18, 2020
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    Hello

    I'm looking to do a Lease on a tractor, not trying to purchase just trying to make more money than CPM. Do you guys think is a good idea to do that I was told the lease is 1900 a month plus I have to pay my own fuel and other stuff of course....
     
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  3. Professor No-Name

    Professor No-Name Road Train Member

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    The general consensus usually seems to be just save up money an find a decent used truck. If ya don't wanna actually own a truck then lease is the other option i guess. Make sure ya read the fine print. Ya should still save up some money for a safety net. I've never done a lease myself. Most usually advise against such things.
     
    bad-luck Thanks this.
  4. bad-luck

    bad-luck Road Train Member

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    Generally, leasing a truck is for people who can't afford to buy a truck, as there is little or no money required to be put down on the truck. Also every lease purchase that I heard of makes everyone money but the person who leased the truck. This is just my honest opinion. But there are plenty of horror stories on TRR.
     
  5. Rickp

    Rickp Medium Load Member

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    Depends on what kind of lease youre talking about. Gotta read the contracts. Seems like about half the guys on this forum got their truck from lone mountain, which is a lease. Seems like the horror stories come from the guys who lease a truck from the company they work for.
     
  6. Jayone1

    Jayone1 Bobtail Member

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    Sep 18, 2020
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    Ok thanks guys for the info
     
  7. Eddiec

    Eddiec Road Train Member

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    If you do a lease, get the equipment from a third party provider ( like a dealership or a leasing company like Penske) have a professional read over the lease agreement before you sign anything.
     
  8. Jayone1

    Jayone1 Bobtail Member

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    Sep 18, 2020
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    Ok, it looks like they are trying to lease, me a Freightliner Cascadia but not sure it has 6xx, xxx miles on it is 2017 but I think they are asking way too much and for high miles tractor
    I believe they told me 56,000k for it what you guys think?
     
  9. Jayone1

    Jayone1 Bobtail Member

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    Sep 18, 2020
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    Oh one more thing this is a lease to own
     
  10. chameleon34

    chameleon34 Bobtail Member

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    If you intend to lease and not buy the truck , find a place were you can lease a new truck, not a used one with high miles. The payment will be higher, but you’ll at least have a full warranty and not get stuck paying for breakdowns and have nothing to show for it at the end of the term.
     
  11. Oakland Raiders Forever

    Oakland Raiders Forever Light Load Member

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    Feb 24, 2020
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    Bad idea.
    Save up cash. Pay cash. No debt no credit. My life is so super easy when I went to cash only no credit no debt lots of $$$ in the bank makes life a dream.
     
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