The Good, The Bad, The Honest Truth of a New Roehl Lease Operator

There are also other financing options, basically venture capitalists. You can find them online, in the Truck Paper and OOIDA's website. The interest rates may be higher, but they specialize in our type of financial needs.

 

Jeff worked out a lease for me. $623 week for a 2014 condo with 47,000 miles 54 months. $12,000 balloon. $114,000 value now. Unit has virgin tires, dd15, epu, auto start, sxm bluetooth, fresh pm, two new mattresses and free washes for life. Jct approved me as well. 2014 EVO variable lease etc and SNI still is working on their new EVO 1 year lease. Options.

 

I dont mean to be a naysayer here, but $623. a week for 54 months is $145,782.00 plus $12,000 Balloon? Those payments come out to an average of $2600 month. I spoke with a Paclease rep about leasing a 579, 48 months 500K, no down, full maintenance, walk away after 48. Payments were quoted at $2400. Month. I dont want to own the truck, I want to write off the payments and not worry about down time. Yeah I will always have a payment, so what! I'll be in a new truck for four years and then another. Of course, to qualify for a Paclease you need stellar credit. If you believe you do, go see them!

 

Dang...and I was hoping to break in with something around 200.00 a week for 36-48 months. :/

 

North South Leasing (I think) has trucks for 250.00 with $1.00 buyout, but paying 39,000 for an 05 Kenworth...hmmmm?

 

I just sent my app to Schneider.

 

Finally approved with Schneider today. One year lease at $698 for a new 2014/15 EVO with $0 down. $75 more a week but only 1 year and then can walk away, buyout or trade in and do another new truck again. I looked at several other lease companies but after reviewing the actual amount needed for maintenance, interest charges vs value for what I am getting for me it was an easy choice to go with a new or newer lease. Now to decide which company? Roehl has been great to me and the miles are 2750+ per week average. Schneider offers their choice plan which really interests me to have more control on when where and how much etc. If Roehl let me look at the board I would stay for certain… Comments welcome from drivers that work for either company only please..

 

You guys are going at this completely backwards. You need to set up your business plan with all your numbers for fuel, insurance, repairs and what you need to make in order to live. Then you need to figure out how many miles you will need to produce the revenue you will need. Then you figure out what you can afford for a truck payment. Now you are ready to shop for a truck. Let me give you something else to consider. If you decide you want truck lease payments because you can write them off your taxes try these numbers. At most your taxes would be about 30%. So last year I paid $24000.00 in payments meaning at most my taxes would have been $8000.00. In other words you are willing to give someone else an extra $16,000.00 just so you don't have to pay a bit more in taxes. Call me crazy, but I would rather give the government the extra taxes and keep that $16,000.00 myself. After all that is why I went into business to begin with.

I set my business plan up around 1800 miles a week. In my case I can pay all the business expenses in the first 900 miles. From that point on I see a positive settlement. For each 900 miles I run about 40% is fuel and the balance is positive cash flow. The national average for weekly miles is around 2300 so setting up your plan I would go with at least 10% less than that figure. The higher you set your mileage plan the harder it will be to break even.

 

1436. I just did not elaborate as you did.

 

I wish you the best of luck Smokin. I hope you can make it work. I wouldn't try it though.