When is the equipment (vehicle lease with dump body) due for a 1-800-GOT-JUNK? franchise?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
Type of Expenditure Amount Method of Payment
When Due To Whom Payment Is to Be Made Low High Equipment (Vehicle Lease with dump body) Lease/purchase deposit (Note 5) $10,000 $30,000 Monthly Lease Monthly Dealer/Seller/ Lessor/Finance Company
Source: Item 7 — Estimated Initial Investment (FDD pages 17–21)
What This Means (2025 FDD)
According to 1-800-GOT-JUNK?'s 2025 Franchise Disclosure Document, the payment schedule for the vehicle lease with a dump body depends on whether you lease or purchase the equipment. If you lease or purchase the vehicle, a deposit ranging from $10,000 to $30,000 is required. After the initial deposit, subsequent payments are made monthly to the dealer, seller, lessor, or finance company.
The FDD specifies that the total cost for a truck is estimated at $77,750 for a gasoline-powered truck and $82,700 for a diesel-powered truck, including an approved dump body costing approximately $25,100. These figures do not include applicable taxes or shipping costs. The lower end of the estimate assumes the truck is leased or financed. The higher end assumes a 20% down payment on the purchase of a truck, plus ongoing monthly payments.
1-800-GOT-JUNK? requires a minimum of two trucks to begin operations, but franchisees may need more depending on the number of subterritories they operate. While it is recommended to have all vehicles operational as soon as possible, franchisees are only required to purchase or lease two trucks initially and can acquire additional trucks according to an agreed-upon schedule with 1-800-GOT-JUNK?.