Multiple reasons for that could be:
- dedicated truckloads contract get canceled or not renewed
- there is a partner split
- dispatch department start performing poorly
- load prices and profit goes down
Yes, a lot of things we don’t expect can happen and it is good to know if suddenly you have 5 trucks you don’t need anymore how to get them back and cancel the Ryder truck leasing contract.
Sometimes it can be very expensive and long-lasting procedure so it is good to check that before signing a contract for multiple years in advance.
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Try to negotiate this clause because truck lease companies want their equipment back as soon as they can if they feel that there is the risk of not paying their services.
Generally speaking getting a Ryder Truck Leasing is a great move.
In this article, I just wanted to warn you to pay attention to few details. The above-mentioned details will be easily overlooked and cause a lot of problems.
I know people don’t like to read about potential downs of the business and everybody like to read about ups only.
But, being prepared when the problems arrive is the only way to stay in the business. So, use these tips and tricks I paid very expensive to prevent yourself from paying for it.
It is much cheaper if you learn from my mistakes.