Marten's Track lease

It is Marten that you heard about. They are saying that they have 2004 (not 2005) W900's, 379's and Columbias (not Coronados). These are former company trucks. The payments you stated are about right. The term is 3 years. There is a $10,000 balloon at the end. I think that it may be an honest deal, but not necessarily a good one. The financing is going through US Bank. The thing to remember is that it's still a lease purchase. I have run the numbers, and can't see how it would be possible to make as much as I already do as a company driver with them. Seems like I would have to take a pay cut for 3 years before I could finally start making more money than I make now. It would take 4-5 years just to break even with a company driver, and that's assuming no major breakdowns. At this point, the only advantage over a company driver would be that you would own an 8 year old truck with 900,000 miles on it. I'll pass.:bs:

 

Just a way for the company to make more money off of a truck instead of trading it back in on a new one.

By the time you get to the end of the lease, you have to make a $10,000 payment on a 6 year old truck with a million miles on it. Just in time to start spending money on major repairs (engine/transmission rebuilds, etc..)

Of course, that bit $10,000 payment at the end won't look to good, so they conveniently will take the truck back and put you in another lease truck so you can make monthly payments on something you most likely will never truly own.

This works out OK, and you can probably make a "little" better money than a company driver as long as nothing breaks on the truck during the lease, because little, or possibly none of it, is under warranty.

 

I was told that it was $4000 down and at the end of the lease the truck was yours no balloon

and the payments were $350-$375 a week for 3 years on a 05-06 pete 379

sounds to me like a normal truck payment for a used truck.

I think someone is getting miss infomation and its not me becouse i just got off the phone with them this morning.

 

Nope, I'm not getting misinformation. Neither are you. Marten has TWO different lease purchase programs. The one you are talking about is their original L/P program. Marten buys Pete 379's in several colors and leases them to drivers with $3500-4000 down. We are talking about their NEW TRAC lease program. These are their former company trucks (they will all be blue.) The only down payment will be the first month's payment and then another payment isn't due for about 45 days. The TRAC lease is also run through U.S. Bank, where their original plan is in-house, so it may be a bit more difficult to qualify.

I'm just a company driver for Marten, but I have talked to several L/P drivers. While still making payments, some make the same as company drivers, some make less. I haven't met any that are making more. I also haven't met any that are doing the new TRAC lease yet. It's still too new.

Marten doesn't seem to me to be the kind of company that will dry up the miles just to get their truck back. I talked to a L/P driver who is on his third L/P truck. It said that he had no problem with it. He's been with Marten for over 12 years.

Also, with Marten, you don't get to pick your own loads, but you have the right to reject the ones you get.

This post is not intended to give my opinion, just the facts ma'am. Do with it what you will.

 

didnt mean to sound as harsh as it came out,sorry.

I was also leased too them back in 95 to 02 and thought the grass was greener on the other side of the fence.gave up my truck in 04 and went local.

screwed up my shoulder over a year ago and been on workers comp since,just waiting on the docs OK and the settlement check and im heading back out on the road.

been talking with them for the last couple of weeks thats how i know about what they are offering.

I think i have rocks in my head too want to go back out there

 

Didn't take it as harsh. If you do come back, get a run going up I-75 in Michigan, that'll knock the rocks loose.