Posted by Dean Olson on January 15, 2014 at 06:07:44 from (107.129.21.153):
In Reply to: semi tractor lease posted by Hoofer B on January 14, 2014 at 18:46:35:
I looked at that option and felt that the company that would employ me and lease me the truck was brutally expensive. I then looked at a totally independent leasing co and found that they were a lot cheaper but still way more expensive than traditional financing.
I ended up buying the truck, financed through the bank and got set up with multiple brokers. I have my own authority.
If you have the werwithal, business savvy, and self discipline this is the way to go. If not hire on as a company driver and go to school on them till you have all of the above.
One of the gripes I hear about from the guys who leased on is that the more experience they get and the more money per mile they earn the less miles they get. The new/lower pd guys get more miles.
If you can afford it and want new equipment regularly then leasing can make sense. I personally drive and repair my vehicles till it doesn't make sense any more.
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