Redbird Girl
Seasoned Expediter
lease or buy a 22 ft straight,and want lease is a good lease?
Redbird Girl-LIVESTRONG-LIVE LONG
Redbird Girl-LIVESTRONG-LIVE LONG
lease or buy?
- Thread starter Redbird Girl
- Start date
Broompilot
Veteran Expediter
Please do not become another victum of a FLEECE, buy put a strong deposite down and keep your payments to a min. If something goes wrong or does not work out than sell the truck and take your lumps. With a lease your committed until death do you part, or you make each and every payment on time.
If its personal or health issue the Fleecing company could care less there gona destroy your credit and life.
Just the facts talk to anyone whos ever had a personal family issue and a lease. I have not but I have heard to many stories to not believe they were all lying.
If its personal or health issue the Fleecing company could care less there gona destroy your credit and life.
Just the facts talk to anyone whos ever had a personal family issue and a lease. I have not but I have heard to many stories to not believe they were all lying.
There have been many good threads on here about leasing. Do a search and you'll get a lot of good info. Almost everyone says buy, don't lease. Good luck.
Leo Bricker, 73's K5LDB, OOIDA Life Member 677319
Owner, Panther trucks 5508, 5509, 5641
Highway Watch Participant, Truckerbuddy
EO Forum Moderator
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Support the entire Constitution, not just the parts you like.
Leo Bricker, 73's K5LDB, OOIDA Life Member 677319
Owner, Panther trucks 5508, 5509, 5641
Highway Watch Participant, Truckerbuddy
EO Forum Moderator
----------
Support the entire Constitution, not just the parts you like.
Well, let us be aware of some types of leases that are out there and how they can make sense.
An ammortized bank lease is a very good way to buy a truck if one has the credit and collateral to do so. Why? The lease works just like a purchase, and there is no buyout fee at the end. At the end, you are given the title and own the truck. During the term of the lease, you write off the lease payments on your taxes along with any taxes charged or interests on the lease.
Once done paying the lease, you get a nice bonus. As the truck was leased and not purchased, you can in turn tax depreciate the residual market value of the truck for 3 to 5 extra years as you operate it under ownership. Mudflap
An ammortized bank lease is a very good way to buy a truck if one has the credit and collateral to do so. Why? The lease works just like a purchase, and there is no buyout fee at the end. At the end, you are given the title and own the truck. During the term of the lease, you write off the lease payments on your taxes along with any taxes charged or interests on the lease.
Once done paying the lease, you get a nice bonus. As the truck was leased and not purchased, you can in turn tax depreciate the residual market value of the truck for 3 to 5 extra years as you operate it under ownership. Mudflap