• Report: #1039269

Complaint Review: tennessee steel haulers

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  • Submitted: Sat, March 30, 2013
  • Updated: Sat, March 30, 2013

  • Reported By: roger — vero beach Florida
tennessee steel haulers
2607 brick pike church rd nashville, Tennessee United States of America

tennessee steel haulers LEASE PURCHASE--YOU LOSE!!!! nashville, Tennessee

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Back in September of last year I did a lease purchase on a 2011 International tractor and 2012 48' trailer, plus the chains binders, etc. The WEEKLY note was $1150.00 per WEEK. Well, for awhile, I made some money.  However, don't ever take a day off because every week the expenses accrue.  Then it happened. I ran over a ratchet strap in a dark rain causing damage to the wiring under harness etc. The truck sat at the dealership for 3 weeks and I had to rent a truck($850 per wk plus mileage).  About one month later I was informed that for the next 4 weeks the entire rental payment would be taken out so now it was over $1700.00 per week.  I tried to make a deal to extend it over 4 months and I could pay it off and still take home a paycheck. I was led to believe it was ok until I called for my settlement and was informed that payroll would not release any money because I was negative(about $4500) I had gone one month with no money and knew I would never get out of the hole. It was impossible to make enough trips in a week to ever recover.  So we were in the process of moving, I put  and the rest of our belongings on the truck and moved to our new home in Florida.  TWO weeks I get a call noticing I have not taken any trips. WOW!!! They wanted me to return the truck and trailer to Nashville. Right, was I supposed to hitchhike back home?? I secured the equipment in a locked storage yard
and said it is all yours.  The point I am trying to make is there is a NO WIN to this lease purchase no matter what. The expenses are too high, the revenue too low. It is like buying a Rolls Royce to go to your part time job at Walmart. Crunch the numbers folks!!!

This report was posted on Ripoff Report on 03/30/2013 08:08 AM and is a permanent record located here: http://www.ripoffreport.com/r/tennessee-steel-haulers/nashville-Tennessee-37207/tennessee-steel-haulers-LEASE-PURCHASE-YOU-LOSE-nashville-Tennessee-1039269. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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