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 Sparky
Posts: 2800
Location: Kansas, America | Am considering leasing out a truck to a guy. F350, 4D, 4x4, XLT, has 98000 on it.
What would you charge for month? He would be expected to keep up any repairs, maintenance, etc.
Would I be expected to keep full coverage insurance on the truck?
Of course we would sign a contract. What else?
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 John Deere Green
Posts: 5872
Location: Wheat Capital of the World | a good friend did this with her truck when she quit college rodeoing..... 1st question do you still owe on it? 2nd what did it cost you a month?
that is what she went by... hers was paid for and but up till then it cost her right at $700 a month so she charged the lady $500 a month and she did all of the upkeep on the truck and she helped pay half the insurace ever month. on top of the $500 for the lease. | |
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Location: Colorado | You'll want to specify the condition and miles it's returned with. Are you doing this for a specified time period? You'll want to be very specific, such as no glass damage, maximum $ amount of body damage allowed, same with interior, tire tread depth, any fluid leaks, what constitutes a leak as oposed to a "seep", and how disputes will be resolved. I would want to know this person's credit history and background. You'll also want to be in agreement on its condition now, before they take it. Leasing used vehicles have some pitfalls, so if you do this, be careful! Good luck! | |
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