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

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

  1. Atlanta trucker

    Atlanta trucker Road Train Member

    1,337
    1,455
    Jan 25, 2017
    0
    I worked at both. Knight was much tighter controlled then Swift. Both companies are bad but Knight would screw you any which way they could , and then some more after that.
     
    Jarhed1964 Thanks this.
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Arod1098

    Arod1098 Bobtail Member

    27
    34
    Jan 30, 2021
    0
    OOIDA is a complete joke!
     
    Voodoo Pyg Thanks this.
  4. evofd

    evofd Bobtail Member

    14
    20
    Nov 11, 2011
    Missouri
    0
    The truck doesn't know how it's being paid for. Leasing vs. "Regular" financing are to sides of the same coin if you're are planning on keeping the truck. In the end you need to make sure you READ the contract and UNDERSTAND what you're getting into.
    For those of you saying you're NOT an OO if you lease is just not accurate. I've seen "regular" financing contracts as bad or worse than leases.
    You don't have to lease from the "Fleet" program. You can lease from a regular bank, or you can "regular" (Installment) finance, you're still making payments AND you still don't "OWN" the truck until ALL payments are made no matter how you finance. [Great credit matters.]
    Make sure your lease is closed-end, you know the cap cost and cap reduction, any other fees applied and especially the money factor (aka rate). In the end, as the old saying goes, "Beggers can't be choosers." Work the deal that makes the most sense for you. Good luck and stay safe.
     
    Voodoo Pyg and brysol01 Thank this.
  5. TruckernFl

    TruckernFl Bobtail Member

    38
    28
    Jun 26, 2021
    0
    I just made a video with Super Ego and showed my paycheck stubs to show the truth. Purchase program, 3000 dollars first seven days on the road. This week I am on track to make 5000 dollars. If that is not enough with a brand new truck I don't know what is. Here is the video:

     
    Voodoo Pyg Thanks this.
  6. DaTrucker46

    DaTrucker46 Bobtail Member

    3
    0
    Aug 8, 2020
    0
    Ok
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  • Draft saved Draft deleted