Owner Operator

Topic 25747 | Page 2

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Stevo Reno's Comment
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I have a neighbor down at the end of our street. He/they own 3 trucks/trailers, and they have been parked at the house a week if not longer. So I'm guessing he isn't getting too many runs either..

O.S. I enjoy reading yours, and others informative posts actually.thank-you.gif

Actually this is, and has been, the ONLY trucking related site, I have been at, or joined period lol

Rainy 's Comment
member avatar

In regards to the OP, as Old School mentioned, it's all about the contract. If it doesn't state that maintenance account monies specifically stay with the truck, then they should be refunded. However, be prepared because upon their inspection on return, they will compile a list of "repairs" which will wipe out that maintenance account although in reality, they won't do a thing to the truck. It's yet another part of the scam where they will get over on a driver.

Absolutely. My best friend expected $18000 at the lease completion, but they kept $7000.

Each screw hole is $70 or so. So screwed a TV mount or microwave? how about a game system? it costs money.

The inspection guy at my company said the average lease return is about $2500. hmm

PJ's Comment
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Ouch!!!! Too often people do NOT have a clue what their contract contains. And why they sign some of the pieces of garbage called a contract is beyond me. But they do all the time.

Army 's Comment
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What’s even better people come in, ask questions, prolly read replies, don’t like them and then never take the time to thank the experience minded for taking the personal time to provide valuable answers. Some times these answer are often lengthy and well thought out.

Scott S.'s Comment
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What’s even better people come in, ask questions, prolly read replies, don’t like them and then never take the time to thank the experience minded for taking the personal time to provide valuable answers. Some times these answer are often lengthy and well thought out.

My wife and I got suckered into a lease by a friend of ours, but quickly got out due to personal things going on at home. I'm thankful I found this place before trying to jump into another one. The replies and discussions here have put things into perspective for me and opened my eyes unto what was behind the curtain.

Marc Lee's Comment
member avatar

Freudian Slip Rainy?

3) This is all why we advocate refraining from leasing or owing a truck. (OWING A TRUCK. get it?)

Probably more accurate than what was intended!

OWI:

Operating While Intoxicated

Rubber Duck's Comment
member avatar

If she’s allowed to get repairs done anyplace she likes I would make sure to spend the money before I turned in the truck. This way her maintenance fund doesn’t go to fund the ceo’s European vacation.

Rubber Duck's Comment
member avatar

I see why they make you go through them to use the fund. If you could go through anyone then you could break down on the interstate of your choice and have your friend joe blow come out and have a cup of coffe with you. He could write you a bill and the fraud would be rampant throughout the lease purchase industry.

Interstate:

Commercial trade, business, movement of goods or money, or transportation from one state to another, regulated by the Federal Department Of Transportation (DOT).

Rick S.'s Comment
member avatar

I see why they make you go through them to use the fund. If you could go through anyone then you could break down on the interstate of your choice and have your friend joe blow come out and have a cup of coffe with you. He could write you a bill and the fraud would be rampant throughout the lease purchase industry.

It ALREADY IS.

A number of companies have lost lawsuits due to the handling of funds in escrow/maintenance accounts.

Fact of the matter is - I have a lawyer/friend look over EVERY CONTRACT I SIGN. Now - I'm one of the top "jailhouse lawyers" in town, and even have some of my lawyer clients (my IT business) CALL ME on Florida Gun Law advice - but something as screwy as these fleece/purchase agreements, needs to be looked over closely.

The "big boys" pretty much have their (rubber) ducks in a row - due to previous lawsuits in the industry.

Read the contract CAREFULLY - and if you don't understand something, get a THRID PARTY to explain it (as in, don't expect the guy who WANTS YOU TO SIGN the lease, to be 1005 honest with you).

Or better yet - as we so frequently advise here - DON'T LEASE IN THE FIRST PLACE.

Rick

Interstate:

Commercial trade, business, movement of goods or money, or transportation from one state to another, regulated by the Federal Department Of Transportation (DOT).

Bruce K.'s Comment
member avatar

Rick said: "The "big boys" pretty much have their (rubber) ducks in a row."

Rick, since you are the technical advisor, please use proper terminology. "Ducks in a row" should be phrased as "Non linear waterfowl issues" Thank you.

smile.gif

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