Truck stuck in shop 4 weeks. Driver also stuck.

I know a gentleman that successfully completed a lease purchase. He told me that the truck was used when he got into it, and that several months after he signed on the line for it he started looking at his options. Turns out that the truck was worth about 90k when he got it. Had he known that upfront he wouldnt have signed up for the hassle of LP. By time he had completed the LP he had paid nearly 400k for the truck, and that at that time the truck was only worth 15k. After that he drove until the truck died and then went into semi-retirement.

 

I’m out the loop, the lease purchase scam STILL exists?

 

And they now have volunteers who pay for the privilege of being their slave.

 

Pretty sure the slaves didn’t voluntarily sign up to be slaves. If I had trucks and had people lining up to pay for the truck and all related expenses while my name was still on the title I don’t believe I’d turn them away.

 

Not all leases are bad. This one seems to be.

 

It's probably not the Lease, its the driver and i'm sure hes a new Lease Purchase guy so when he started making more money than he ever had before he spent it instead of saving it... and when truck broke down he's sitting upside down in payments... When I first started I spent some money on guns that I wanted and well I payed for it later... Needless to say I didn't do that no more...

 

I meant the company leaving him there for a month.

My truck went down for what was projected to be 4 days. The booked me a rental car to get home. They paid. It ended up being down for 10 days. They offered a rental truck. I would have had to pay for the rental, but it would have only ran me $350 per week on top of my fixed costs. I chose to stay home, but the offer was nice.

 

May I ask what company did that for you?

 

Ats

 

Word, thanks.

 

Geaux Saints.