Financing a Truck and My Experience

[Fergie]

Ok guys help me out here, curiosity is killing me. With my line of work I don't have to deal with leases and don't know much about them. I've never been fond of car leases cause you pay all that money and at the end of the lease you have nothing to show for it, no asset. Dealerships love them cause it's obviously a money maker which to me is a big red flag. I feel the same way about these aftermarket warranties they always try selling. On a truck lease who's responsible for breakdown repairs? My opinion if I don't own that truck I'm not paying to fix it exception would be tires and brakes. $710 a week is $36920 a year, that'd buy that 2011 freightliner the first year and probably pay for licensing and insurance! Pulling for these big fleets do you have to lease a truck from them or can you say I've got my own truck? For that kind of money you could buy a new truck, five years have it paid for and under warranty. Then after 5 years you've an asset that could either be sold or keep running if it's a good truck. I'm sorry I'm very ignorant on this aspect and just trying to see why someone would do it.