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. Wickedfire77

    Wickedfire77 Road Train Member

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    I just reread the post. Thdey never said they weren’t responsible for maintenance and upkeep, just it was more practical with a leased truck (I read that as newer model year) with warranty and less failure rates on a newer engine
     
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  2. Pepper24

    Pepper24 Road Train Member

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    Maybe you’re right and I didn’t understand what they were saying.
     
  3. Beardriver100

    Beardriver100 Bobtail Member

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    I'm considering this program myself and am trying to do my homework. But I see no reply yet.!?!
     
  4. Opus

    Opus Road Train Member

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    dude, there's 35 pages of responses
     
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  5. LMB

    LMB "Olde Goat"

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    What do you want as proof, a picture of the title?
     
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  6. Coronado1785$

    Coronado1785$ Light Load Member

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    I did a lease wasnt easy. Got the title with 12000 buyout. Its a learning experience its rough but when you do complete a lease it just reassures you that you can do it on your own financing. I use same model as an owner with new truck as i did with a lease. As a o/o i dont wanna go back to a lease so the tools i learned under a lease i still use and bank as much as i can.
     
  7. Coachman1

    Coachman1 Bobtail Member

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  8. Coachman1

    Coachman1 Bobtail Member

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  9. Coronado1785$

    Coronado1785$ Light Load Member

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    Company i have my truck leased to does a percentage lease 70/30. Some customer loads are $ 2,3 ,4 mile loads. If their are no loads avail. You can work load boards. For most part comparing their lease to a lease i did 5yrs ago with a buyout its about 700+ more per week depending how many loads you find on your own off the load boards. Doing nothing more than company loads if you dont wanna find your own loads i make on avg 700 to 900 wk. After deducting 1000 for Trk expenses . Fuel cost included. So the opportunity to succeed is good depending who you lease to . Personally based on MI or % i would never do MI again. But in fairness thats based on the fact i can work boards for my loads and the right to refuse
     
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  10. Scvready

    Scvready Light Load Member

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    This is very helpful stuff... I will definitely avoid lease purchase for now. Probably better if being company drivee
     
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