So check this out, friend wanted to comeback to otr work and learn flatbed, found a Chicagoland company that would hire him and show him a few things. In the meantime he was buying his own truck and gonna lease on with them, after he did that the company offered him to sell him the trailer he was using. So he researched prices etc and felt that it was a fair deal.
Sorry I don't know the exact numbers or terms but I would say he was with company for a good 2 years . Anyhow he got to the end and basically took off with trailer and worked under his own numbers. He figured out he actually over paid so was looking into possible legal action but finally 6 months later he called the company and they agreed on overpayment and owed escrow so he got all that back and the title finally.
So this is most definitely one of those shady 1099 lease purchase places but if you stick out the terms etc they finish as stated. So basically if you stick it out with these companies you might actually walk away with the equipment...
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So a friend completed a purchase from a Chicagoland company
Discussion in 'Lease Purchase Trucking Forum' started by sleepy14848, Mar 26, 2023.
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Let the buyer beware.
Thought it was fair.
Got it paid off and own it, now they screwed him over.
Dot try to sue cause you don’t like song choice, it’s a buyers market, now, but it was a sellers market then.Stringb8n, JolliRoger, ibcalm19 and 2 others Thank this. -
Not too shady if they refunded all the money.
Stringb8n, bzinger, bryan21384 and 3 others Thank this. -
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Chinatown Thanks this.
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Beat around the bush much?
Why not just spill the beans?Milr72, Last Call, Dale thompson and 2 others Thank this. -
He must be the elusive 1 we all know how the other 99 out of 100 Fared out ..
Bean Jr., sleepy14848, Last Call and 1 other person Thank this. -
Took off with trailer, worked it for 6 mos. Then finally got the title along with the cash they stole from him. Something is missing.
JolliRoger, JoeyJunk and Last Call Thank this. -
Bean Jr., Rideandrepair, Magoo1968 and 1 other person Thank this.
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