Question about mileage in a lease contract.

Discussion in 'Lease Purchase Trucking Forum' started by Crazyscott, Sep 26, 2021.

  1. Crazyscott

    Crazyscott Bobtail Member

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    If in a lease contract it says a minimum of 2500 miles what exactly does that mean does it mean how many miles you are a allow to put on the truck or no
     
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  3. MysticHZ

    MysticHZ Road Train Member

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    Need context ...
     
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  4. MLC Adventures

    MLC Adventures Medium Load Member

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    Minimum of 2500.....

    Pretty self explanatory
     
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  5. tallguy66

    tallguy66 Medium Load Member

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    Are you paying the truck lease on a per mile basis?
     
  6. Catmando

    Catmando Heavy Load Member

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    Why are you asking how many miles are you allowed to on the truck we don't know what your contract states ... post a copy of your fleece contract so we can answer ...
    Or you can either buy a magic 8 ball and ask it or call 1 of those late night 800 numbers that has the Psychics on them
     
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  7. Crazyscott

    Crazyscott Bobtail Member

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    IMG_20210929_092649_01~2.jpg
     

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  8. Crazyscott

    Crazyscott Bobtail Member

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  9. God prefers Diesels

    God prefers Diesels Road Train Member

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    Jesus. So you have to run your dick in the dirt for four years just to end up with a truck that's due for an emissions system, and half way to an in frame? Why in God's name would you want to do that? It's 130,000 miles per year minimum for four years straight. Then if you burn out and default, they're going to take your truck.
     
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  10. circle h

    circle h Light Load Member

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    The $750 plus the mileage every week with a minimum of $250 is $1000 a week. Plus ten cents per mile on any miles over 2500 in the week. So a minimum of $208,000 for the truck at the end of four years if you only put 130,000 miles on it if you put 330,000 on it it's $20,000 more. I hope it's a very nice, very new truck.
     
    Last edited: Sep 29, 2021
  11. Mr Uturn

    Mr Uturn Light Load Member

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    I am going to assume that .10 (ten cents) per mile. Is your maint escrow. That said
    $750 per week X 208 weeks =$156,000 for truck. Thats about what you would expect to pat BEFORE interest.
    But the .10 per mi with 2500 minimum
    .10X2500= $250 per week
    208 weeks X $250= $52,000!
    156k plus 52k =$208,000
    I am pretty sure i no which company this is. Ive seen thus contract before.
    The truck is under warranty for 5 years. So out of that $52,000 maint fund. Between tires, pm, and stuff not covered by warranty.
    They might pay $20k. They keep the rest, it belongs to them. You dont get any back. If you turn the truck in, it does NOT stay with the truck. The next "buyer" starts paying all over. Well this IS a suck deal, if its the only way you can get a truck. Its actually NOT a bad deal. IF you save, save, save, fix your credit and in 1.5-2 years turn it in. Go buy your own using outside financing.
     
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