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

    Aug 5, 2006
    Madisonville, TN
    I just went the lease purchase route it sucked but no big deal got my title back in August
    blacklabel, SheepDog and Lucar Thank this.
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  3. Passin Thru

    Passin Thru Road Train Member

    Mar 8, 2007
    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

    Mar 24, 2014
    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

    Nov 30, 2008
    Sand Lake, MI
    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

    May 28, 2010
    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.
    SheepDog, Truckin Juggalo and mqc1298 Thank this.
  7. crzyjarmans

    crzyjarmans Road Train Member

    Jun 9, 2010
    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

    Nov 30, 2008
    Sand Lake, MI
    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

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

    rocknroll81 Road Train Member

    Sep 29, 2010
    West Allis Wi.
    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

    Jan 1, 2014
    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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