Why would anyone get into a lease purchase????

Discussion in 'Lease Purchase Trucking Forum' started by haz-matguru, Sep 25, 2020.

  1. bryan21384

    bryan21384 Road Train Member

    Sep 18, 2009
    1918 Anywhere, USA 90210
    Yeah man, I got deep into it before I realized he was a car hauler. I had to watch it in installments lol....how much does a car hauler cost brand new?
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  3. haz-matguru

    haz-matguru Road Train Member

    Feb 18, 2012
    Wasn't able to watch the whole thing. But I did hear him say his former boss told him not to do it. I just don't get it 98% of lease/purchase deals will never benifit the driver!!!
  4. Western flyer

    Western flyer Road Train Member

    Mar 13, 2014
    The truck owner is a genius.
    That's how you get rich people.

    How many times do I have to say it.
    The money is not in freight,
    It's in stealing from the never ending supply
    Of dreamers who want to own a truck.

    For 4 years this guy made money off of the freight,
    Got his truck and all the repair bills paid for by
    A dreamer, costing him no operating expenses.
    The takes his paid for truck back at the end to
    Do it all over again.

    And there's nothing the driver can do.
    Al Capone couldn't come up a scam this good.
    The next morning he's got another guy in the
    Truck believing he's a owner operator.
    TokyoJoe and Gearjammin' Penguin Thank this.
  5. Metalicious

    Metalicious Light Load Member

    Sep 27, 2015
    cop "I agree, you should mitigate the contract". Idiot. Litigate, not mitigate. But at the end of the day that is what cops do. They handle the situation best they can on scene. They aren't judges or attorneys. Civil matter all the way.
    pserra Thanks this.
  6. User666

    User666 Medium Load Member

    Sep 22, 2020
    Northeast Ohio
    Another victim of the lease purchase scam. Some of these guys do it because they need to work on a 1099 due to garnishments and whatnot so they're painted into a corner and scumbags are taking full advantage of them. It's akin to predatory lending IMO.
    Western flyer Thanks this.
  7. '88K100

    '88K100 Medium Load Member

    Aug 23, 2020
    I also think some go lease operator just so they don't have to drive a company truck...slip seating some filthy disgusting different POS daily.
    bzinger Thanks this.
  8. JonJon78

    JonJon78 Road Train Member

    Jul 1, 2018
    After 4 years shouldn't this guy atleast have enough money saved up in his business bank account to just pay the remaining balance of the truck off?
    Western flyer Thanks this.
  9. dieselpowered

    dieselpowered Medium Load Member

    May 16, 2016
    Until they make that final payment just like a car that semi doesn't belong to you and they will collect it.
    I had a buddy did a lease purchased he had 20k saved up from a previous employment he said he wasn't leaving that truck for home time till it was paid off.

    Me I would be working 4 weeks out 2 days off if I wanted more time off i would do 2 months and take 4 days off I could take more off but that's more money I could make. some might run harder but thats me but if you lease to own you take home time your bills will still be there most can't afford to take any time off.
  10. bigdad7

    bigdad7 Road Train Member

    Jun 6, 2010
    Someone should explain to the cop that his nose is connected to his lungs
  11. crzyjarmans

    crzyjarmans Road Train Member

    Jun 9, 2010
    I’ve seen many ask about what the best company to lease a truck, and no matter how many times their told DONT DO IT! They still run and do it, and most come back here and scream how they got screwed!
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