Lease purchase

Lease doest hurt your credit. Finance does. If its your first time i would lease truck goes bad or you make bad decision or you have medical issue walk away. Not walking away from a finace. Any repairs you have over 5000 are also depreciated over time if you chose. I only had 1 repair over 5000 it was a cam replacement. Learn not to save for a rainy day. learn to save for few rainy days.Ive only done 1 lease . 4 months to go. Ive had some big ticket repairs. These shop out here know you have a Maint account there gonna vet it.
Example i was told i had a bad clutch they put 1 in 2700.00. Same day and ,300 mi later i lost a rearend. So the trans noise i had was coming from there. The noise from the rearend traveled thru the hollow driveshaft. My truck was misdiagnosed by KW. In the end i paid dearly.But i put money back every week 200.00

 

someone is very confused. lease purchase every payment goes toward ownership. The diff from a straight purchase is that either party can terminate the contract at any time under terms stated in the contract. A straight lease is purely a rental unless you renegotiate to purchase.

ATS, Prime, and SNI do pure leases. JCT does all lease purchase.

 

Any experience with quality leasing or one of their partnered companies?

 

not me personally. I have spoken with reps at pathway and their program seems to be pretty decent, quality has a sizable balloon at the end

 

What is considered sizable? This will be my first truck to own/lease. I do not want to get loan for the truck considering the walk away option.

 

that depends on the total cost of truck payments and terms on the lease

 

this is just my opinion. You have to get good at saving your money. I am not the norm in the industry. I go out for 4-6 weeks depending on what part of the year it is and go home 2-3 weeks. I am in a lease purchase program with a carrier and while some choose to see the negatives, I look at the positives. It's in their best interest to run you so that you can make your payment. I've found that when talking to some truck drivers you run into a lot of the same personalities. The, "man they're screwing me this week..." or the "man, I ain't makin no money." Or my favorite is, "Man, i haven't had a paycheck in over a month." Own your situation. Work hard, spend wisely, do what the other guy isn't willing to do and by all means, if you are at a company and haven't made a paycheck in a month, LEAVE. You can be successful in any aspect of trucking. I have a close friend who is a company driver and loves it. I have an even closer friend who runs under his own authority and is often times wayyy more stressed out than my friend who is a company driver at Swift. Best of Luck in Trucking! I hope you are able to find as much Joy driving a truck as I have. Aloha, Ry

 

They have a $1 buyout now... so it's a decent place to lease it seems. For instance... a 2015 Peterbilt 579 is/was $615/wk for 60 months ($159,900), then $1 buyout. A 2016 Freightliner Cascadia Evolution is $660/wk for 84 months ($240,240!!!!), then $1 buyout. If you ask me the 1 year old truck is a MUCH better deal if you run the numbers!

 

Or you could be smart an buy a glider 389 Pete at Fitzgerald for 140,000

 

Ok.... well... give him the 20% needed for the down and maybe he will be "smart" as you put it! Man o man!