Quality leasing?

Discussion in 'Lease Purchase Trucking Forum' started by Wanderer1, Mar 12, 2015.

  1. mover man

    mover man Road Train Member

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    Feb 21, 2010
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    I dont think you understand my question. Or your answering somebody else. My question is how do you or quality handle a large repair bill. Since your leasing not buying. If u leased from ryder or penske this would not be a question
     
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  3. jezter5677

    jezter5677 Light Load Member

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    Its a lease purchase, so repairs unless warranty work are yours
     
  4. poppapump1332

    poppapump1332 Road Train Member

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    Your problem and no you don't have to depreciate over 5 years
     
  5. blacklabel

    blacklabel Heavy Load Member

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    I'd suggest getting a more expensive new truck with warranty
     
  6. Gregor65

    Gregor65 Light Load Member

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    So here's MY deal: company driver for three years after selling my 30+ year construction company to my sons. one wife 49 years. No debts, house paid for 20-40 k available without touching retirement funds. I am going with a company that is long haul refer. 85% of linehaul, average 1.60/mi loads before their cut. All FSC to me. I am going w/ Quality for ONE reason: WALK AWAY. I don't want to have a health issue come up and be stuck taking a 20-30% hit on selling a newly purchased truck. I plan to stay out about 3 weeks at a time and drive max legal hours. I calculate my odds of success at roughly 100%.
     
  7. Gregor65

    Gregor65 Light Load Member

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    May 29, 2012
    Sioux Falls SD
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    Oh ya couple other things forgot to mention: FICO score is about 780 and wife makes make 82k/yr
     
  8. HardlyWorkingNeverHome

    HardlyWorkingNeverHome Heavy Load Member

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    That is not enough revenue for a Reefer and a Quality lease. Good luck. Hope it works out for you.
     
  9. poppapump1332

    poppapump1332 Road Train Member

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    Better off taking that 20-40k and pay cash for a used truck then do a quality rip off lease for 85% of 1.60.
    ff
     
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  10. 51.50

    51.50 Heavy Load Member

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    Salem Oregon
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    Stay home and let your wife keep working. plan some get away trips with her. Treat her well and enjoy life. Trucking is no fun anymore with all the regulation, Qualcomm tracking and now Elogs.
     
    rocknroll81 and poppapump1332 Thank this.
  11. MysticHZ

    MysticHZ Road Train Member

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    Depending on whose data you use, national average for reefer line haul is around $1.88 per mile ... If you're going to run for percentage you need to 1) be able to control what, where and when on the loads you haul because 2) the only reason to run percentage is to be able to beat the average, not run for less than average.

    If you're going to run for less than average, you may as well run for mileage pay with a company that pays on all miles.
     
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