Celadon's new truck lease program

#1

09-04-2011 09:50 PM by Malaki86

I just heard about this *special* deal they have on leasing a new truck (you'd have to be 'special' to take it):

$0.20 per mile truck payment for 48 months
At the end of the contract, you can buy the truck for a small balloon payment of (are you ready for this?)
$75,000

So, after paying $96,000 in regular payments, you can pay the other $75g for a truck that'll have in the range of 500,000 miles on it.

Hell of a deal, right?

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#2

09-04-2011 10:51 PM by MichiganDriver

That's the funniest thing I've read in awhile. :lol:

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#3

09-04-2011 11:43 PM by Malaki86
Maybe they're jealous of the way CREngland screws their lease operators and want to show them the proper way to do it.

Here's the full thread (so far) that I have going on over at Celadon's facebook page:
Quote:
[h=6]Dennis McKinneyposted toCeladon Trucking
Heard something interesting from another driver today: He said that he read somewhere that CDNK is changing their lease/purchase deal so that instead of a set weekly payment, the payment is $0.20 per mile for each mile dispatched. Any truth to that?[/h]LikeUnlike � � 23 hours ago

Dennis McKinney If so, does that cover all costs, or only the truck payment? If it's just the truck payment, WOW - you're looking at an average weekly truck payment of over $500.00.23 hours ago � LikeUnlike

Jeramie Chastain What are the payments now ?9 hours ago � LikeUnlike

David Mahon that is for the new ones, and that is for 4 years, with a balloon payment of 75000 at the end of the lease. WOW. What a deal. LOL4 hours ago � LikeUnlike

Dennis McKinney ‎$75g for a truck that'll have half a million miles on it???!?!? I thought drugs were illegal. They need to drug-test anyone that signs that contract on a daily basis.3 hours ago � LikeUnlike

David Mahon Well it ends up when you finish the 4 year lease, pay the 75 g and the rest of the incidental charges, you will have paid 180 g for the truck. What a bargain for a great piece of equipment.about an hour ago � LikeUnlike

Dennis McKinney Don't forget the finance charges on the 75k. That'll have u paying well over 200k on a 130k truck. Plus no income for the 1st 4 years.
- - (I'm Dennis, btw)
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#4

09-05-2011 02:18 AM by solo379

Quote:
Originally Posted by Malaki86
Hell of a deal, right?
Does it including plates, permites, ins and maintenance? Anyway, some morons will take it...What do they pay?

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#5

09-05-2011 02:21 AM by Mackman

there is a sucker born everyday

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#6

09-05-2011 08:38 AM by Malaki86

90cpm + fuel surcharge paid on all miles dispatched. Not sure what the rate is now.

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#7

09-05-2011 02:11 PM by Fredog

can I get a discount if I buy 2?

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