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Mercer trailer lease

Discussion in 'Mercer' started by Wespipes, Sep 4, 2019.

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  1. Sep 4, 2019 #1
    Wespipes

    Wespipes Road Train Member

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    Anyone leased a trailer from them? Curious what the terms were? Just feeling out if I should get financing outside of mercer before I lease on. Also is it only flatbed trailers or do they have stepdeck for lease too?
     
    Wespipes, Sep 4, 2019
    Wespipes, Sep 4, 2019
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  3. Sep 4, 2019 #3
    flatbedsv77

    flatbedsv77 Bobtail Member

    38
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    Feb 22, 2015
    Homer Glen, IL
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    Don't lease on with mercer have you read the mercer forum lately? Everyone seems to be leaving and no freight.
     
    flatbedsv77, Sep 4, 2019
    flatbedsv77, Sep 4, 2019
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  4. Sep 4, 2019 #3
    6wheeler

    6wheeler Road Train Member

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    It was a good company long time ago
     
    6wheeler, Sep 4, 2019
    6wheeler, Sep 4, 2019
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  5. Sep 4, 2019 #4
    Wespipes

    Wespipes Road Train Member

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    Not quite the info I was looking for lol. But we can dive into that. Yes I keep up with the mercer thread. I take everything on there with a grain of salt You'll hear 1,000 people complain but the rarely hear from people doing good Goes for all companies Mercer sounds good to me because I dont have but 2 months or so of flatbed experience spread throughout my 15 years of driving. I typically do dry and reefer. Mercer is fine with this so I can get my experience there. Ultimate goal is to get my own authority or lease on to somewhere where they take idk 10% and I run of the spot market as if I had my own authority. If theres something better out there for a person in my situation. I'm all ears. I love advice and love to learn.
     
    Wespipes, Sep 4, 2019
    Wespipes, Sep 4, 2019
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  7. Sep 4, 2019 #5
    Razorwyr

    Razorwyr Road Train Member

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    Jul 27, 2010
    Meridian, Mississippi
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    They used to lease flat, step, rgn, and van. I'm not sure anymore because in the time I've been here, they've stopped the van leases and started doing rentals on that side in order to boost their drop and hooks. The lease isnt a bad deal though, they aren't out trying to make a ton of money off of you. I have a flat, it was $435/month plus $100/month escrow for 60 months when I started. There is a $6k buyout at the end, but that's where the escrow comes in. If you get a used trailer, you just take over payments where the other person left off. If the completed 40 months of the lease, your payments would be the same as theirs, except at the end of the 20 months lease you are doing, you would only have $2k of the buyout in your escrow, so you would need the addition $4k.
     
    Razorwyr, Sep 4, 2019
    Razorwyr, Sep 4, 2019
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  8. Sep 4, 2019 #6
    Wespipes

    Wespipes Road Train Member

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    Thank you! Is there a min credit requirement?
     
    Wespipes, Sep 4, 2019
    Wespipes, Sep 4, 2019
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  9. Sep 4, 2019 #7
    Razorwyr

    Razorwyr Road Train Member

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    Jul 27, 2010
    Meridian, Mississippi
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    Not that I'm aware of
     
    Razorwyr, Sep 4, 2019
    Razorwyr, Sep 4, 2019
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  10. Sep 4, 2019 #8
    drvrtech77

    drvrtech77 Road Train Member

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    There is no balloon payment at the end of the trailer leases anymore For flat beds... they simply increase the trailer payment to cover what was the escrow before..
     
    drvrtech77, Sep 4, 2019
    drvrtech77, Sep 4, 2019
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  11. Sep 4, 2019 #9
    mtoo

    mtoo Road Train Member

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    "Great" company long time ago :)lol
     
    mtoo, Sep 4, 2019
    mtoo, Sep 4, 2019
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  12. Sep 21, 2019 #10
    77fib77

    77fib77 Road Train Member

    7,465
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    Jul 7, 2010
    St Louis
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    You still drive for them?
     
    77fib77, Sep 21, 2019
    77fib77, Sep 21, 2019
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