Leasing SFI Jul 22

They had a clause a couple of years ago

in the lease purchase contract that was in it that said you had to be able to make the payments working for sfi for so many months before you can get approved to lease on to another co. So have a good lawyer ck. the contract you will be signing so that you can move your truck out of their deal to the one you have been looking at?

 

First off all, non one works for sfi, they’re a truck finance/lease co..my contract never stated that at all…you can lease onto whomever you want to.

 

So 15k down, 4800$ a month payment, 202k$ Cascadia?

IDK, but sounds insane to me. What about insurance?

Company driver isn't slavery, and i would think it's a much better place to start than jumping into a purchase at this point.

Good luck whatever you choose

 

You're are spot on $15k +($1200×156) =$$$202k = INSANITY + INSANITY = MORE INSANITY.

 

Thinking there's about a $70K balloon at the end too, if you want to purchase it. $215K financed would be a bargain.

 

If you're good at managing your money you could make a go of it.

If you plan on jumping over to another carrier, like Landstar, make sure you can qualify with them or someone else.

All the people that tell you that you are "Insane", please ask them to provide specific better alternatives.

 

I said it "sounds insane to me". IDK S'hit about buying a new truck or leasing on to someone.

I do know a guy could hire on for good money, work hard and save for a year, and have enough to buy a truck with cash.

ATC anyway.

 

New trucks are $200,000 right now, plus a wait time. Seems like a reasonable alternative.

 

Where will they be in a year? What will rates be in a year?