Want to avoid getting burned by a lease-purchase agreement?

Discussion in 'Lease Purchase Trucking Forum' started by rookietrucker, Dec 13, 2009.

  1. Sargent T

    Sargent T Bobtail Member

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    I agree Preacher. I dont have to be home every weekend either. Probably cant make much money that way unless you have some sweet dedicated deal or something. I like the flexibility aspect.
     
  2. CondoCruiser

    CondoCruiser The Legend

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    $5000 a year platinum sponsor! :biggrin_2559:


    But at least the author has a good article. A newby asks about lease/purchase I'll just give them that link! :)

    Sorry Rookie, I didn't see this old thread. Thanks for merging!
     
  3. -insert name-

    -insert name- ATM squishier

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    Lease purchases aren't all bad, just don't let the payments pile up. I keep records of every time I have to have the truck serviced or something, plus the payment record. Another 20k and I'll own it. Now to address the problem with money and miles. Only lease if you have a dispatcher that loves giving long hauls and offering trucks for accounts, such has Wal-mart, Lowe's, or a well known shipper. Take care of the truck, cut the service cost a little. Don't spend all your many on lights and stuff. Granted I'm allowed to alter the truck, I don't. Only use a Truck-stop diner as a last resort, I keep my truck stocked with food 2 or my 3 shelves are filled with food, chips, canned, anything that won't perish. To help with fuel, keep everything in working order. Do everything in your power to increase MPG. DO NOT buy this stuff that says it increases MPG, its a money making scam. Its only good for cleaning the filters.

    I did notice a mile cut after the first 20 payments. Not so bad, still able to pay it off and keep a healthy wallet.

    Hats off to anyone who reads this entire post.
     
    Teddy_Salad, truck medic and MNdriver Thank this.
  4. Tennessee Trucker

    Tennessee Trucker Heavy Load Member

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    Sounds like you have the same attitude I did and you will be successful! Good luck and Godspeed!
     
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  5. -insert name-

    -insert name- ATM squishier

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    Ah, that's the trick. Lease it with an attitude.
     
    Teddy_Salad and truck medic Thank this.
  6. ezdollaz

    ezdollaz Bobtail Member

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    after reading just some of htese post sounds like a company should be formed by drivers for drivers.:biggrin_25520:
     
  7. Rogerthat

    Rogerthat Medium Load Member

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    I did! This company you're with sounds great. Who are they?
     
  8. -insert name-

    -insert name- ATM squishier

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    Boyd, I'm only lucky. They screw most of these guys over on it. I know 2 others at this time that are having luck. Lease on WTI, they don't screw your miles 8 payments before you own the truck.
     
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  9. Rogerthat

    Rogerthat Medium Load Member

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    Thx insert...what's WTI?
     
  10. -insert name-

    -insert name- ATM squishier

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    I THINK this is the link to their site. www.WTItransprt.com
    A company that few years ago go into a deep dept, came to Boyd for help. Boyd bought and control 51% of WTI. You'll see WTI's 49% out in the upper west.
     
    Rogerthat Thanks this.