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TruckersReport.com Trucking Forum | #1 CDL Truck Driver Message Board
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O/O with crete carrier, good or bad?
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<p>[QUOTE="Gdog66223, post: 7756756, member: 209183"]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.[/QUOTE]</p><p><br /></p>
[QUOTE="Gdog66223, post: 7756756, member: 209183"]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.[/QUOTE]
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TruckersReport.com Trucking Forum | #1 CDL Truck Driver Message Board
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O/O with crete carrier, good or bad?
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