Savings before Lease

Discussion in 'Lease Purchase Trucking Forum' started by Kingty9183, Dec 2, 2020.

  1. Kingty9183

    Kingty9183 Light Load Member

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    Im currently in school and im taking the test for my Class A in May. Leasing a truck is of great interest and im wondering how much should i have put away before i jump into a lease program?
     
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  3. Brandt

    Brandt Road Train Member

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    Most of the lease programs are a bad deal. They are good for the trucking company but you take all the risk. You have make the payment even if the trucking company don't have the miles you want or they send you bad load going to the northeast. You have to pay lot of tolls in the northeast.
     
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  4. gentleroger

    gentleroger Road Train Member

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    1) don't do it until you have at least a year under your belt

    2) read all the leasing threads on here first

    3) since you're going to ignore 1 and 2, you need 6 months of living expenses- rent, food, cell phone, car payment, all of it - PLUS 6 months of truck payments. Anything less and you'll be in a bind when something happens.
     
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  5. Brandt

    Brandt Road Train Member

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    Their is trucking company in springfield Missouri and the lease trucks. They charge like $1,100 per week that a lots of money. Not many drivers finish the lease because they don't have much money left over. If the driver walk away. They just find another new driver that wants to try it. Over 3 years they get $1,100 per week. That $171,600 you could buy a new truck for that price.

    Today new truck are so complicated and expensive to repair buying a new truck a rough game in my opinion. The Freightliner trucks with Detroit Diesel engines. Have a emissions box that goes bad at around 600,000 miles. They are $12,000 to replace the emissions box. That why lots of company lease trucks and dump them at 500,000 miles. Because the repairs on the trucks get very expensive plus the downtime.
     
    Last edited: Dec 2, 2020
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  6. Chinatown

    Chinatown Road Train Member

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    driveatlas.com
    $1500 down
    $450 a week
     
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  7. Chinatown

    Chinatown Road Train Member

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    Working as a Lease Operator at TransAm Trucking: Employee ...
    TransAm Trucking Careers and Employment...
    TransAm does not have a lease program, but we do have an owner-operator program. Additionally, it is the driver’s choice if they would like to become an owner-operator. Thank you!
    `
    `
    Owner-Operator Equipment Options - TransAm Trucking
    Owner-Operator Equipment Options - TransAm Trucking
    Owner-Operators have the option to lease a new or used tractor through our affiliate ONE Leasing*, or bring the qualified tractor of their choice.
     
  8. bzinger

    bzinger Road Train Member

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    If you dont know how to maintain a truck and do basic repairs don't buy one !
     
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  9. BeHereNow97

    BeHereNow97 Light Load Member

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    Hey Kingty, I thought that I read on here that you were going to Swift to get your CDL and for your first company?
     
  10. Kingty9183

    Kingty9183 Light Load Member

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    That didnt work out. I have a few felonies and didnt pass the background check so under the advice of several friends who were in my posistion a few years ago i decided to attend NETTTS in Bridgeport,CT. I've seen them crank out good CDL Class A drivers as well as help people obtain employment and the training is a lot more in-depth than what I would get at Swift
     
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  11. Atlanta trucker

    Atlanta trucker Road Train Member

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    Why do you want to lease a truck ???
     
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