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Ryder Leased trucks - need to return

Discussion in 'Ask An Owner Operator' started by warhound, Aug 13, 2019.

  1. Aug 13, 2019 #1
    warhound

    warhound Bobtail Member

    1
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    Feb 9, 2017
    0
    So, this question is more for Ryder Canada but im assuming that in general the same rules would apply in the states as well - or atleast somewhere close.

    the economy is ####. we northerners are feeling it even more due to less cross border activity taking place. I really dont know how long we can hold on to our midsize fleet.

    The problem at hand is lots of equipment not being utilized properly which is eating into revenue and putting us upside down. We had to pay a very small deposit on each truck we took from Ryder Canada, but what are the penalties if any when returning a Ryder truck back besides loosing that deposit ?

    they wont repo the house would they claiming depreciation and breach of 3 year lease !
     
    warhound, Aug 13, 2019
    warhound, Aug 13, 2019
    #1
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  3. Aug 13, 2019 #2
    starmac

    starmac Road Train Member

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    Apr 11, 2019
    Fairbanks Ak
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    I doubt that ryder could repo anything you didn't put up for collateral.
    That might be more of a Canadian law thing to ask.
     
    starmac, Aug 13, 2019
    starmac, Aug 13, 2019
    #2
  4. Aug 14, 2019 #3
    Ridgeline

    Ridgeline Road Train Member

    22,401
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    Dec 18, 2011
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    TALK TO RYDER

    Don't you deal with an account manager?
     
    Ridgeline, Aug 14, 2019
    Ridgeline, Aug 14, 2019
    #3
    Midwest Trucker and Socal Xpress Thank this.
  5. Aug 14, 2019 #4
    Midwest Trucker

    Midwest Trucker Road Train Member

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    Aug 31, 2018
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    Totally agree. Your not the first customer that they are hearing this from @ OP.

    How big is “mid size” fleet?

    This is one of many reasons I don’t lease equipment is the predicament your in so I’ll be interested to see what happens. Lastly, write your congressman and tell them to pass the USMCA now!
     
    Midwest Trucker, Aug 14, 2019
    Midwest Trucker, Aug 14, 2019
    #4
  7. Aug 16, 2019 #5
    FoolsErrand

    FoolsErrand Road Train Member

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    Sep 15, 2017
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    I was present when a neighbor got released over the phone, on speaker, from a lease to own tractor in under 3 mins.

    The jist of it was i can no longer pay for this, where do you want me to bring it. And a flustered receptionist gave the address. I havent heard of any recourse yet. Wasnt ryder but you see what im saying. If you play good cop bad cop you might be able to secure some written reassurance of a clean break in exchange for intact return of said equipment. Maybe consult attorney in the repo game first.
     
    FoolsErrand, Aug 16, 2019
    FoolsErrand, Aug 16, 2019
    #5
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