Username:

Message:

<p>[QUOTE=&quot;truckbuddha, post: 5127130, member: 101758&quot;]Hi , I really don&#039;t understand what your asking, as far as I know you can choose to purchase your truck at the end of your lease through IEL or try and get outside financing.&nbsp; </p><p><br /></p><p>I trust IEL, they never lied to me or tried to deceive me in any kind of way. </p><p><br /></p><p>I did as noted above get what they call a &quot;buy out&quot; truck.&nbsp; And I think Scottie also used the same program to get his.</p><p><br /></p><p>But I will paint you a picture as to what to expect if you lease, then buy.&nbsp; Then drive it till the wheels fall off.</p><p><br /></p><p>So you lease for 4 years, then buy that truck for 3 more years of truck pymts.&nbsp; Ok, so now your free of your weekly truck pymt, yippie!&nbsp; Thats a $600 a week raise.&nbsp; But for how long now are you planning on driving that truck?&nbsp; With me its hopefully for another 4.&nbsp; Ok, so that means total you&#039;ll be in that same truck for 11 years.&nbsp; 11 years! </p><p><br /></p><p>But with title in hand, you can trade that in towards another at a dealer ship, and its just another way to save money.&nbsp; I paid $67K plus interest for mine, when it was paid off, its approx value was around $40K.&nbsp; But the difference was, if I had remained a company driver for those 3 years, I sincerely doubt that I would have been able to save anything near that much to purchase a truck from a dealer ship.&nbsp; And like I say, once it was paid for, it was an instant $600 /wk raise!&nbsp; </p><p><br /></p><p>It&#039;s a plus and minus situation in a lot of ways.&nbsp; If you get it brand new, &quot;out of the box&quot; so to speak.&nbsp; You&#039;ll know everything about it once you decide to buy it, compared to buying a truck you know nothing about.&nbsp;&nbsp; But I have met more than a few Lease guys that have had some outragious mechanical issues with new trucks, plus besides the &quot;down time&#039; or repair time, some items weren&#039;t always covered by a warranty.&nbsp; So it was charged to them.&nbsp; And you are totally expected to pay for anything that goes wrong with that truck.&nbsp; Even though you are leasing it and may never own it.&nbsp; You assume complete responsibilty for everything concerning that truck.&nbsp; No matter what it is or costs.</p><p><br /></p><p>It&#039;s a lot to think about and consider.&nbsp; The one time I did go to a dealer ship, they told me it was 20 percent down, a 750 or better credit score and a line of credit from a bank of at least $10,000 to be considered and maybe finance one, as a 1st time truck buyer.</p><p><br /></p><p>IEL is &quot;Sign and Drive&quot;.&nbsp; with its &quot;buyout trucks&quot;.&nbsp; the interest is very high, mine was 15 percent.&nbsp; But it was a deduction as a tax write off anyway.&nbsp; But the program works!</p><p><br /></p><p>IEL and Swift will cover expensive repair costs if you should have one, and then finance it for you with a minimal weekly pymt, so you can get paychecks and not starve because the truck needed fixing.</p><p><br /></p><p>So let me just say again.&nbsp; IEL never lied to me.&nbsp; I sincerely do trust them.[/QUOTE]</p><p><br /></p>

Your username or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?