What is the estimated range for the vehicle lease/purchase deposit 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 estimated initial investment for a vehicle lease/purchase deposit ranges from $10,000 to $30,000. This deposit is part of the broader 'Equipment (Vehicle Lease with dump body)' expense. The payments are made monthly to a dealer, seller, lessor, or finance company.
The FDD notes that the total estimated cost for a truck is $77,750 for a gasoline-powered truck and $82,700 for a diesel-powered truck, including an approved dump body which costs approximately $25,100. The lower end of the deposit range assumes the truck is leased or financed and does not include taxes or shipping. 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, but franchisees with multiple subterritories may need more. While it is recommended to operate all vehicles as soon as possible, franchisees are only required to purchase or lease two trucks upon startup, with additional trucks acquired according to an agreed-upon schedule. These trucks must be used exclusively for the 1-800-GOT-JUNK? business.