O/O with crete carrier, good or bad?

Discussion in 'Ask An Owner Operator' started by Trucker327, Aug 9, 2018.

  1. thelushlarry

    thelushlarry Road Train Member

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    Lease purchases are great just because 12,527.134 people have failed at it before does not mean you will.
     
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  3. 6wheeler

    6wheeler Road Train Member

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  4. MysticHZ

    MysticHZ Road Train Member

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    The ignorance of supposed business people of how a lease works, is almost as bad as the people who want to lease.
     
  5. Trucker327

    Trucker327 Light Load Member

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    What do mean?
     
  6. Trucker327

    Trucker327 Light Load Member

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    Why?
     
  7. Trucker327

    Trucker327 Light Load Member

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    Well said...ty...
     
  8. 6wheeler

    6wheeler Road Train Member

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    Lease purchase is always bad
     
  9. Gdog66223

    Gdog66223 Road Train Member

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    I'm sure there is a thread on here to why lease purchase is bad, but I will sum it up for you as best I can. Lease purchase is the company charging you a high truck payment per week and the lease is 4 plus years. At the end of the lease there is what's called the buyout at fair market value. For example a 2018 peterbilt valued at $150,000 in 4 years wont lose much value depending on how well you take care of it. So the company is making money off of you hand over first while you suffer on their load board and low cpm. In summary you never really own the truck in 4 years unless you save save save.
     
    CorsairFanboy Thanks this.
  10. Trucker327

    Trucker327 Light Load Member

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    Oh ok..what about crete's truck sale...?
     
  11. Kyle s

    Kyle s Bobtail Member

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    With Crete it’s not lease purchase your actually buying you got to get it financed
     
    Richtaco Thanks this.
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