To good to be true....?

Discussion in 'Lease Purchase Trucking Forum' started by dgarricksr, Dec 15, 2013.

  1. purpleprime

    purpleprime Medium Load Member

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    May 30, 2013
    spickard, mo
    0
    coect yourself again no they don't but if your gonna drive east coast at all I suggest twice card some of those port fees are ridiculous
     
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  3. purpleprime

    purpleprime Medium Load Member

    681
    719
    May 30, 2013
    spickard, mo
    0
    Prime and wiltrans both want a large down payment though for a lease purchase are you aware of that
     
  4. cmrhine

    cmrhine Bobtail Member

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    2
    Feb 21, 2007
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    Actually you are incorrect Mr Lowe does not own peterbilt in Springfield that sir would be owned by the Larson group which also owns the locations in joplin and northwest arkansas
     
  5. Rooster1291979

    Rooster1291979 Road Train Member

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    Sep 4, 2012
    NOLA
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    Leasing isn't even close to the same risk as buying. Most leases are walk away. I have never seen financing with a walk away with no penalty clause.
     
    jeff18 Thanks this.
  6. BigBadBill

    BigBadBill Bullishly Optimistic

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    Oct 2, 2010
    Chattanooga, TN
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    The first thing that will kill you is you are focused on truck rather than the business. The truck is a tool and being pretty and cool comes after making the tool work for you.

    Yes it is going to be high. A crack addict is a slightly better credit risk that an O/O. And Leasing is worse. You have a $140k piece of equipment. Just the debt service alone on that amount is more than most drivers can cover and make money. The insurance alone is going to be in the $100 range.

    If you are doing the reverse math on what the liar, err, recruiter is telling you the rate is in the $2 range. So you are not making much more than a mileage driver. The weekly break even is about 1,700 miles.

    At the end of the day all you have is a rental. That's a fair market lease and "fair market" is higher than what you will be able to buy a similar truck for when the lease is completed.
     
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