The odds are in favor of the house

Discussion in 'Lease Purchase Trucking Forum' started by rookietrucker, Aug 23, 2015.

  1. Opus

    Opus Road Train Member

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    Dec 18, 2011
    South GA
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    the offer I got was 25% down, 26% interest.......with an 825 score (no joke). My only hang up was I didn't have enough experience (at the time less than 1 year).
     
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  3. windsmith

    windsmith Road Train Member

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    More like a better way to hold a driver accountable for their own screw-ups.
     
  4. Wattie411

    Wattie411 Light Load Member

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    Jun 3, 2016
    Chattanooga, TN
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    Dipschitt how old were you and how much were you trying to finance? I wanna buy a truck in the next year or two but if thats thr kind of financing thats out there I'll just save until i can buy out right.
     
  5. Dieselmydrug

    Dieselmydrug Light Load Member

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    Aug 19, 2016
    Little Rhody
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    I have low 600's, and the person gave me a roun about numbers of at least 20% down and 30% interest
     
  6. f150trucker

    f150trucker Light Load Member

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    Most small business fail in the first two years. Equipment financing isn't so much credit score as time in business proving profit and cash in the bank .
     
  7. f150trucker

    f150trucker Light Load Member

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    Aug 12, 2016
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    That said , find a decent ride under 50 k and finance it through your credit union . You may be able to do it as a personal auto loan and get a killer deal. That said , Lone Mountain worked for me
     
  8. Majestic 670

    Majestic 670 Heavy Load Member

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    May 10, 2016
    Landcruiser
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    True lease purchase is a regular job..
     
  9. Joec111

    Joec111 Light Load Member

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    Aug 8, 2016
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    My husband will only be a leased driver because he doesn't want to go where they tell him he has to go. My daughter was the same way at school, she hated reading their books. She had a learning disability all through school. Her IEP plan from the school was a trade school. She's 26 and still a book worm, entered a community college without any LD help, and her job trains her in different departments. Happiness in what you do can come from freedom of choice. If he wanted to be told what to do dailey, he would have stayed in the military.

    Also the pay is about the same.
     
    Last edited: Sep 15, 2016
    Reason for edit: Adding a pic
  10. RERM

    RERM Road Train Member

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    Chicago, IL
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    Compass Truck Sales & Finance....my first truck was 25% down, 3 years, 12% finance....595 Credit Score.....

    They have locations in Dallas and Chicago.
     
  11. United Expedited

    United Expedited Bobtail Member

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    Nov 3, 2016
    Lake Barrington, IL
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    If you have the option always buy or lease on your own in the end you will have more control over the purchase and your earnings. Lease programs within the industry were designed to accumulate asset earnings and yield TCO advantages over the lifespan of the equipment. The idea of owning a truck is so that you can earn more not work for the truck lease payment alone, which unfortunately is an issue we often hear about.
     
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