Add up the costs and fees..$4500 per month compared to maybe $2500 per month to buy a truck?
You can see your paying a huge difference.. especially if they are dispatching you.
The only way I would buy a truck is normal financing with 5% interest.
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Roehl lease purchase good or bad?
Discussion in 'Lease Purchase Trucking Forum' started by Doublea120, Jan 28, 2018.
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Doublea120 Thanks this.
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I think @Dave_in_AZ leases his truck from a third party and then leased on with Landstar. he might be able to tell you how to go that way.
But a truck lease from a company usually means you are paying for a truck that will probably not ever belong to you. If you have to end up owning your own truck, work hard and save a lot of money for a down payment and reserve costs.Doublea120 and Steel Dragon Thank this. -
Doublea120 and Justrucking2 Thank this.
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1.) Is it a weekly payment or a monthly payment? With a weekly payment, every time you go home for a week, or broke down, the payments quickly snowball.
2.) Tires and maintenance escrow accounts. The company you're leasing from takes out so much money per mile and puts this in a maintenance account. Do YOU have control over this account or do they? When you want tiredness your truck, can you get tires, or do you have to go to one of their terminals and get tires that were taken off of a company truck? Can a shop at your company's yard or that's affiliated with your company "inspect" your truck and take money out of your maintenance account without your consent? Can you pick and choose what shop does what repairs?
A good lease purchase program will be done in a way that works for the driver, NOT the company. If you can't go home without being punished, if others have access and control of your maintenance accounts, it is NOT a good program for you, the driver.Gearjammin' Penguin and Rugerfan Thank this. -
DSK333 Thanks this.
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To kind of add on to what six said, a program like JCT for instance, won’t kill you on money lost if you take time off. It’s a mileage lease which I’m not a huge fan of, but you only have to run a small amount of miles a week to break even. They don’t charge $900 a week for a truck you’ll never own. They have an actual lease purchase. Not advocating for them, but it’s one of the more doable leases.
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TripleSix Thanks this.
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