Lease to own Process

Discussion in 'Lease Purchase Trucking Forum' started by SmoothtruckerArt, Mar 19, 2017.

  1. SmoothtruckerArt

    SmoothtruckerArt Light Load Member

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    Nov 2, 2016
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    Can someone explain how the lease to own works at the end of the lease I have a one year lease and will be considering buying the truck at the end of the lease what should I expect and Do I receive the title
     
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  3. MysticHZ

    MysticHZ Road Train Member

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    May 28, 2010
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    You signed a contract, didn't you? The financial details should have been laid out in the contract, read it.

    As far as process, every company has their own process and procedures. Maybe call the person in your company responsible for that process.
     
    Highway_Executive and ExOTR Thank this.
  4. passingthru69

    passingthru69 Road Train Member

    There are how many threads on this now....
     
    Lonesome, AModelCat and bzinger Thank this.
  5. againstthewind

    againstthewind Road Train Member

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    Oct 26, 2012
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    at the end of the lease figure out what the truck is worth, then give them double that in cash, you should be all set then
     
  6. str8t10

    str8t10 Medium Load Member

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    Apr 25, 2015
    Rochester,ny
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    Way too many. I'm just a lowly company driver but when I signed on with my company, I read the employee contract and handbook. I know the rules and what's expected of me. I know a lease is a lot more involved but anyone who signs a lease should read it front to back at least once maybe twice. Then have a second set of eyes go over in case you don't understand or possibly missed something. Me personally, I'd go over it with a lawyer. As others said they are all different depending on who you lease with but the bottom line should be to cover your behind, in every way possible. Don't let a shiny new truck and the allure of being an owner go in one ear and push your common sense out the other ear. Good luck
     
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