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FedEx Discussions
Ground owners get ready to drive again
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<blockquote data-quote="dmac1" data-source="post: 4873168" data-attributes="member: 60252"><p>You may not even have the scrap value of your trucks if you borrowed to buy them. You could lose everything PLUS still need to pay off the vehicles. And if you paid cash for the vehicles, you might be worse off by having more of your net worth at risk. There are people around still paying off debt they took on just to buy the 'contract' not even considering the vehicles. You have NO right to a renewal of the contract, no matter how many trucks you have or how much you paid. I believe in buying only assets with intrinsic value rather than speculative value.</p></blockquote><p></p>
[QUOTE="dmac1, post: 4873168, member: 60252"] You may not even have the scrap value of your trucks if you borrowed to buy them. You could lose everything PLUS still need to pay off the vehicles. And if you paid cash for the vehicles, you might be worse off by having more of your net worth at risk. There are people around still paying off debt they took on just to buy the 'contract' not even considering the vehicles. You have NO right to a renewal of the contract, no matter how many trucks you have or how much you paid. I believe in buying only assets with intrinsic value rather than speculative value. [/QUOTE]
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