Walk away lease!

@dboot01
you guys should lease as a team from Chicago finest logistics ....

 

I'm curious; what draws you to a lease deal?

 

“Big Bucks”

 

Okay, so 27 Years old.

You should retire. It doesn't get any better.

 

The best. time to walk away from a lease is before you start it...

don't do it...

buy a truck, lease in to a company as an owner operator if you want to get into the business...

 

Look into FedEx contractors. FedEx contractors typically bid/buy their routes from FedEx and service those routes using trucks obtained with their credit. A contractor with a long-term relationship with a truck dealer is going to get a better deal than some stranger off of the street. I briefly worked for a non-FedEx company that used their own business credit at the local KW dealership to provide a new KW with a Full Maintenance Lease (FML) from the factory. The independent contractors were responsible for fuel, wiper fluid, and tires damaged by road hazards. All maintenance and repairs were covered and provided by the dealership. It was a walkaway lease. All a contractor needed was to provide notice of leaving at least 30 days before the next lease payment was payable and he walked away. I was a company driver so I don't recall the actual weekly truck/insurance payment. It was the actual weekly cost of the FML payment and insurance. It was working in the Rocky Mountain West based in Boise, ID. I saw mostly SLC, Portland, and Seattle over and over and over and over. It turned out to be far more reefer freight than I ever imagined. I reached my breaking point with reefer customers so I left. I've lost touch with the company.

The key is to find drivers/independent contractors doing walk away leases and interrogate them about the details and only then approach the trucing company about the lease. If you make contact with the company first you will NOT get accurate info and you will likely be ripped off as they shift all of the costs of operating a truck onto the "fresh meat" who doesn't know what to look out for when leasing a truck.