Your voice has a chance to be heard now! scamion.com - we bring changes together.

report scam

SFI Trucks and Financing


Country United States
State North Carolina
City Charlotte
Address 2420 Starita Road
Phone 800-521-5859
Website https://sfitrucks.com/

SFI Trucks and Financing Reviews

Most Useful Comment
  • Dec 18, 2017

I applied for a lease with Schneider back in September of 2014 and it was approved so I had to be in Green Bay, Wisconsin on October 6,2014 and I made it.

I was given a 2015 Freightliner to lease for five years and at the end of the fifth year the truck would be yours and the years would play out like this.

After, the first year which would be October 6, 2015 there would be a rewrite for two more years if things went well. The first year was to see if you really wanted to do the lease and if so then the lease would start over and end on October 6 2017. and after that it would start again and end on October 6,2019 which would be the end of the five year lease and you would receive the title. All of this information was given to the class which ran from the sixth to the eighth or ninth and after the class everyone started running but me. I did not get my first run until that Friday (which was the tenth) because there was a problem with my truck.

I started running and it did not go well. I would pick loads and arrived to pick up only to find out that the load I had chosen was given to a company driver. Things like this went on so I was not making any money. and the month of November i did not even receive a pay check. I only made enough to make the truck payment and December was not any better. So, I called and talk with my Account Manager and ask her if I could take the truck over to another company because of the situation. I was told that it had to go before the board and it would take a few days for an answer and that she was sorry that it was not working out for me driving for there company. Well I was approved to take the truck over to another company so I started with the new company in January.

Things went well, I was making money after paying all the overhead. There were times that I may have had a bad week and my Account Manager at Schneider work with me. Schneider even work with me through my bankruptcy. So, this is way I do not understand why when it was time to do my last two year rewrite things went wrong. I believe it was because I would not do the upgrade for the new truck.

I kept getting calls from my new Account Manager asking me to upgrade and I said no and the calls kept coming to the point that I felt like I was being bullied.

And, I told him so. He stated that upper management had told him to come at me hard. He apologized and said that he was not trying to bully me but if I did not upgrade Schnieder wanted me to turn the truck in. So, I asked my him if the money that I had put into the first truck would roll over to the next truck if I did the upgrade and he said no, I would have to start all over so my response to him was why would I do that. I would not be benefiting from it and he said no Schneider would and that just the way it works.

So, I turned the truck in. I had to take it to Charoltte North Carolina. Schneider would not even come and get it. I had to pay to turn it in. He told me that if they came and got it, they would charge me $1,500

I told him that it was wrong to do this to me. But, he said that it was not because I did not want to do the upgrade it was because now I was consider a high risk because of the bankruptcy and my personal taxes had not been filed. I told him that those were just excuses because if I had said yes to the upgrade I would not be losing my business.

If there are others from that class or any time frame that this has happen to please less band together and go after Schneider this company should not be allowed to continue to make it big off of our backs. The truck was $160,000 and I only owed $60,000 that is a lot of money to lose.

Mark as Useful [3 votes]
  • May 15, 2017

As a company driver for over 10 years I felt I was pretty knowledgeable of how the trucking industry worked and how trucking companies treat their employees and their owner operators. Recently after much consideration I determined that the best Avenue for me would be to lease purchase a truck from SFI Truck Leasing and becoming an owner operator through Schneider Trucking. I was scheduled for orientation. The sales or leasing person named Mike Tisch promised me the Earth and Sky when it came to assistance with my business. Schneider also during their orientation promised unlimited help and assistance with running my business. But once you sign the contract then you find out the truth. First of all they have a sentence in the contract which permits them not to pay you for detention until their shipper or receiver have kept you there on your time for 6 hours. Meanwhile Schneider is charging them an hourly rate for every hour. Schneider customer service deals specifically for their shipper and their receivers and could care less AZ to how much time they make you wait to deliver that load. You could pick a load that is 600 miles and due to arrive at the location on Friday at 4 o'clock and Schneider customer service we'll ask the customer when they want to unload the truck and if the customer says 6 p.m. on Monday you're stuck with no Escape Route. Schneider and SFI could not give a rat's a*s if you sit all weekend doing nothing making no money. There were several times during the months that I had this truck that this happened. Out of 5 months on the road or a total of 20 weeks I did not receive a payroll for myself more than 50% of the time and yet I did more than 10,000 miles each month during this five months. AZ my truck had over 52,000 miles when I terminated the lease and have less than 50 miles when I picked it up I worked constantly and consistently seven days a week accepting when the truck was in the shop which was for a total of 16 days. Basically Schneider and SFI have one goal in mind to get you to buy the truck pay all the expenses the insurance excetra and they could not give a s*** whether you ever make a dime. If you're smart you will never ever consider doing this contract.

Mark as Useful [2 votes]
  • May 28, 2019

interesting

seen you've posted this same comment else where.

I have yet to not receive a pay check on any week I've worked. Since you book your own freight, you are the only one responsible to determine how much income you make. I very rarely run into customer issues and never had them push out a delivery past the Delivery window more than an hour.

I guess you need to learn to run your business.

Mark as Useful [2 votes]
  • Feb 20, 2017

I recently purchase equipment from schneider used equipment. They offer easy financing thru a finance company which is actually a leasing company. The interest/lease rate is very out rageous. They rush you into putting money down on the equipment and the money is no refundable. There are hidden fees in the lease contract that will not be specified. You will have to make a payment before the first payment is made. They will call you and demand that payment. If you purchase their equipment, USE CASH OR YOUR OWN FINANCIAL COMPANY.

Mark as Useful [1 vote]
  • Dec 8, 2018

Highway Robbery

I leased a truck through SFI and the will charge you for everything. If you need maintenance during after hours they charge a fee, if you transfer carriers they charge a fee, they lie about things and they won't let you make changes to the truck. All the trucks are company spec. They will charge you just to make one small change to your lease like adding in something or taking something out. Example you get the truck under an LLC and you want to become INC to change that one thing it's gonna cost you. If you need say need tires,they won't tell you how much that will cost before having the service done. They also won't give full details of anything. Most people get a truck elsewhere and leave SFI. Your payments even on a used truck is well over 4k a month. Ours more then that if you use after hours to get a repair or PM done that month after you pay out everything in fees. They will fee you for everything. If you start at a different carrier, not schnieder you pay at least $3,300 down with perfect credit and to switch carriers its another $3,300. In total that's over $6,600 and none of that goes towards your payment. That is just a fee. I know normally there are fees to be paid but there it's ridiculous at what you pay. Go somewhere else and get a truck its cheaper. Other places will only charge a couple thousand a month not a week. SFI trucks are gonna gonna run you about $1200 or more a week. It's just simply a rip off. My brand new truck began to fall apart after about 3 weeks. I babied that thing and screws feel out, the grip bar to use for getting in started peeling off, and the apu literally fell apart. Needless to say that truck is soon going to be gone. I'm about to buy one elsewhere. You want a truck SFI is not the place to get one.

  • May 28, 2019

Weird

I find this kind of funny, in 2 years, I have never had an unexpected Fee and I always no the cost of repairs up front. Qtly PM's are free and if you read your contract with SFI you would know your expenses before you sign on the line. I have no Problem making money and am about pay off the balance of my truck so that I won't have a lease payment anymore. Oh yea in 2 years I have never had a repair other than tires and oil change on the used truck I leased and still have my warranty in effect.

Mark as Useful [6 votes]

Write a Review about SFI Trucks and Financing