Who has completed a lease purchase and fully owns truck with title?

Discussion in 'Lease Purchase Trucking Forum' started by OOIDA Media, May 7, 2010.

  1. Truckin Juggalo

    Truckin Juggalo Medium Load Member

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    I just went the lease purchase route it sucked but no big deal got my title back in August
     
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  3. Passin Thru

    Passin Thru Road Train Member

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    If your credit is 730, you better save your money til you can buy a truck. If you lease purchase a truck, the owner writes if off twice and you pay all the bill and are at his mercy. A Prime example, they were pulling trucks in the shop at 150000 miles, telling them they needed a new engine and pulling it out, painting it and putting it in another leasers truck and giving the other engine to the guy. He got a newly repainted engine. I'd wager 90 percent go bankrupt then they are ruined for years.
     
    Foxcover Thanks this.
  4. freightwipper

    freightwipper Road Train Member

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    I have the money to pay off my credit cards and I'm sure it will go up a lot, but it's all mostly 0% cards I have a balance on but I'm rather have extra cash in my hands just in case.
     
  5. SheepDog

    SheepDog Road Train Member

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    Nov 30, 2008
    Sand Lake, MI
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    Yes, this is the norm but, I was not willing to do the norm and my Lease Purchase is just like buying a truck from an O/O and leasing it on to his company. I have all the control I want, I pick my loads off a load board, I can do upgrades to the truck, I can buy fuel where I want, I can go where I want and I can go home when I choose. I read the rules on being an Independent and lease purchases, I know them well and I have no problems with the company I am with. But again, mine is NOT the norm...
     
    mqc1298 Thanks this.
  6. MysticHZ

    MysticHZ Road Train Member

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    If you don't know what's going one with your truck and let someone tell you need a new engine and just letting them pull it .. then you deserve to go belly up.

    And that said ... name the company. Bet you can't. But you heard from a driver, who knows a driver, that was friend of a mechanic who did the work.
     
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  7. crzyjarmans

    crzyjarmans Road Train Member

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    It is possible to find something like you got, my comment was to the general public, that might be looking into a lease, most mega carriers lease deal, is a great deal! For the company! Not the driver
     
  8. SheepDog

    SheepDog Road Train Member

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    Nov 30, 2008
    Sand Lake, MI
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    I can give you the number to the company I am with, the same company (mom, pop & son) that I am buying my current truck through. I know they have an old Pete that they are willing to sell but, I don't know the details. All I know is they will give you a good deal and it will be a true lease, with a $1 pay off at the end. Tommy is the son and he is the CEO Let me know..
     
  9. RolandT

    RolandT Bobtail Member

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    Jan 10, 2015
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    Im intrested in talking to you about this subjuct From April 2010 if you get this message.
    Please contact me
    Roland T
    turnergroup5@hotmail.com
    01-10-2015
     
  10. rocknroll81

    rocknroll81 Road Train Member

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    Sep 29, 2010
    West Allis Wi.
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    Have you been to Lone Mountain lately? Although they have some used trucks, they are selling Brand New ones also, Pete's, Frieghtshakers, Volvo's...
     
  11. rjgcape

    rjgcape Bobtail Member

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    Jan 1, 2014
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    Why own over lease? By the time you own your running into big repairs and no warranty. Just asking if a few hundred a week is worth it.Especially knowing you need to save that few hundred a week for higher maintenance and repairs. I am not arguing just trying to understand.yes I pay 2190 per month but to me 25000 a year can't make up for the stress and added lost time higher repair and maintenance budget. Please convince me like your a salesman after a higher sales commission from me by buying over leasing. Thanks
     
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