Trucker Forum - Trucking & Driving Forums - Class A Drivers

Trucker Forum - Trucking & Driving Forums - Class A Drivers (https://www.classadrivers.com/forum/)
-   Owner Operators Forums (https://www.classadrivers.com/forum/owner-operators-forums-105/)
-   -   Lease / Purchase (https://www.classadrivers.com/forum/owner-operators-forums/23618-lease-purchase.html)

Pomie 01-06-2007 07:58 PM

Lease / Purchase
 
I would really like to hear about lease purchase deals....I've been
reading from a site that has all that Lease/Purchase info some of it
sounds to good to be true. :sad:

the site with the Lease / Purchase stuff is www.i-Trucks.org

it's just the info I guess....It also has some stuff on insurance
thats a big thing with this ??

Jerry the Old Man

Rev.Vassago 01-06-2007 08:26 PM

Go to a local Rent-A-Center. They will tell you everything you need to know about Fleece Purchase.

Rawlco 01-06-2007 09:17 PM

Run as far away as you can from a "Lease-Purchase" deal. Stuff that seems too good to be true ALWAYS IS.

The biggest problem that I have with the fleece-purchase deal is that you are making a VERY large payment on a truck that you will never own AND you have to do the maintenance on it. Go with a rental from a reputable company like Ryder or Penske and you will pay the same to get a rental with all the repairs INCLUDED. Tires, oil changes, minor and major repairs are no concern of yours. If your truck is going to be broken for a while they will replace it and you can roll on down the road worry free.

The same money for a much better deal - makes sense to me.

tumbo1 01-06-2007 10:40 PM

there are really no good lease purchases for most companys this is a second income for them i work for crst malone there is one of the better ones i have seen but still rent one from ryder or save the money and buy one if you dont have the down payment you are not ready to be a owner op it takes more money than people think to just keep it going.

tootie04 01-07-2007 12:10 AM

We are lease purchase through Arrow and we are doing fine. Arrow also has a pretty good program too. alot of it is you still need to know how to budget your money and squeeze fuel where ever you can. we are looking foward to the day we can either buy this truck out or live out the lease....but after reading about steves adventures we really would like to get our own truck sooner than 4 years.

tootie

cadydoo100 01-08-2007 12:08 AM

If you back out of the lease say in a year, is your credit shot to hell....or do they try and help you sell the rig ?


Thanks

classicxl 01-08-2007 12:14 AM

stay away from the lease

tootie04 01-08-2007 12:17 AM

Quote:

Originally Posted by cadydoo100
If you back out of the lease say in a year, is your credit shot to hell....or do they try and help you sell the rig ?


Thanks

your credit is not at risk with our lease. BUT you loose all the money you paid for the truck except deposits and maint. account

yootie

cadydoo100 01-08-2007 10:07 PM

WOW Thanks for the Replies....
I got some really in depth reponse's..... I guess it's like anything else...
run you butt off, have a little luck and you'll do alright !

One other thing.. Lease/Pruchase really gets you in the set fast ?





Cady..

Sonny Pruitt 01-08-2007 10:45 PM

sounds good to me.you did your homework go for it


All times are GMT. The time now is 03:58 AM.


User Alert System provided by Advanced User Tagging v3.3.0 (Lite) - vBulletin Mods & Addons Copyright © 2024 DragonByte Technologies Ltd.