Quote:
Originally Posted by smc1185
Was just wondering is it good or bad to lease to own a truck and why
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depends on what you're talking about when you say "lease to own"....if you're refering to a LP from a carrier then everyone is correct in that it's not a very good idea.......some succeed but many fail....do a search on here and i'm sure you'll find hundreds of negative post of a LP.
however, if you're refering to a LP from say a dealership and then running your own authority or leasing on with a carrier thats a different story.
the 1st truck and trailer i owned was an LP through a dealership and then I leased it back to the company I worked for as a company driver (got a whole thread about my experience on here), after sitting down with the finance guy it worked out to my best interest to LP since I was a 1st time "buyer"....my contract was a lease (from a finance company not a carrier) with a $1 buyout at the end.
I am now on my 2nd truck and trailer and both of these are straight purchases. Interest is lower and I have established my credit worthiness.