O/O with crete carrier, good or bad?

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

 

Very very bad

 

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

 

Lease purchase is always bad

 

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.

 

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