Should I lease?

Discussion in 'Ask An Owner Operator' started by Ownboss trucker, Jun 28, 2022.

  1. Magoo1968

    Magoo1968 Heavy Load Member

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    St Malo mb
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    That warranty won’t cover the emission issues that truck will likely have . Some will put truck down for weeks waiting on parts.
     
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  3. tallguy66

    tallguy66 Medium Load Member

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  4. lual

    lual Medium Load Member

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    SW Georgia
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    Agreed--fix your credit, first.

    While you do that--wait for much better prices--and also better business conditions.

    Part of being truly successful is a matter of timing.

    And the timing for such a move is....for the moment....simply terrible.

    On the other hand--now is a GREAT time to be a company driver for at least a mid-sized fleet.

    --Lual
     
  5. Another Canadian driver

    Another Canadian driver Road Train Member

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    Run as fast as you can.
    Or change your handle to Ownslave.
    100600 for a truck without any warranty?
    Cascadia?
     
    merv85 and Boondock Thank this.
  6. MOBee

    MOBee Road Train Member

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    No, there are better deals out there.
     
    Last edited: Jun 30, 2022
  7. supergreatguy

    supergreatguy Heavy Load Member

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  8. ProfessionalNoticer

    ProfessionalNoticer Road Train Member

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    You should totally go for it! Jump in and get rich.
     
  9. merv85

    merv85 Light Load Member

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    Dallas, Tx
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    That is a very bad interest rate

    Truck valued at : "$ 60,000.00"
    Down payment : $ 25,000.00
    Finance value: $ 35,000.00

    Monthly Lease: $ 2100 X 36 = $ 75,600.00

    $75,600.00 - $ 35,000.00 = $ 40,600.00 (interest)

    you will be paying $40k in interest @ APR rate of 38.66%
     
  10. NYStarcar

    NYStarcar Light Load Member

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    Sounds like a buy here pay here type place. Probably sold that truck 5 times already in the last 2 years.
     
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