Lease Purchase
Sammons has a unique lease/purchase program that has drivers paying off their equipment in an average of twenty six months. With a set percentage going to the driver and the rest going to the truck -- the better the contractor runs, the sooner the truck is paid off. Features of Sammons' lease-purchase program include:
- No down payment.
- No monthly or weekly fixed payment.
During the term of the lease-purchase agreement:
- You may draw up to 25% of truck earnings* on freight hauled, inclusive of 2% escrow deduction. Up to 40% of the draw amount is available as soon as you are loaded. The balance (less escrow deduction**) is available upon receipt of load paperwork in Missoula.
- All truck operating costs, including fuel, trailer rent, insurance, licensing, finance charges, etc are deducted, as incurred, from truck earnings. What is left over is used to pay down the balance owed on the truck.
All lease-purchase candidates must show appropriate progress during first 90 days in the program or Sammons reserves the right to terminate the lease-purchase agreement.
Expected truck earnings - $10,000 per month.
*Truck earnings do not include Fuel Surcharge - 100% of the collected fuel surcharge goes to pay for fuel.
**$2,000 Performance Escrow required - may be accumulated at a rate of no less than 2% of truck earnings.
Testimonials