Renting from Ryder

Expensive. You will pay a daily rate plus mileage. You will also need to provide insurance for the vehicle you are renting.

They might give you a break if you tell them it will be long term rental or a short term lease- 6 months to a year.

 

Ryder and Penske will not rent to you unless you are a corp with good credit, go buy a truck much cheaper

 

I'm not a corp., and we rent from them whenever we need to.

 

Rented from the yellow guys recently. About $600 a week plus $0.10 a mile charge. Truck broke down on a Sunday, they sent a tow truck with another bobtail to my location, switched everything over and kept rolling no questions asked-- the $0.10 covered the breakdown.

I would say it is on par with leasing a truck from a mega carrier price-wise.
Comparison Pros-
70 miles per hour
no Qualcomm
breakdown- quick switch out to new truck

Cons-
Pack light, don't get too comfortable for long term renting of each unit
10 speed transmission
neither unit had CB connections
bare bones units, no fridge connections or TV connections

 

There ain't no frickn' way you should RENT a truck unless it is for a short term stop gap measure to get work done.

Most of you don't understand how to run a trucking business if you are looking to rent. Even leasing a truck from Ryder or Penske is foolish unless you know everything about running the business and have a grip on finances. You lose money in the long term without realizing it.

I lease a truck to an owner, I make money doing it, and this fall that truck will be replaced with a new truck for that owner and an increase in the rates I charge. For both of us it is something that makes sense because how he has his business structured, while for many it would not be the best situation or even one to get someone into a truck who has little experience. He has a contract, long term (used to be annually renewed) and I can count on his work to pay for his bills to me.

To the OP, be sick of running under someone else and save enough for a down payment on your own truck that can be easily financed through conventional means. Be very careful in learning how to run the business and how to make sure you have money for things like general and periodical maintenance. Learn from your time working for someone else how this industry works and then make decisions. Just because it sucks doesn't mean it gets better on your own.

 

I rent from Ryder when my tractor is down, you will not get a truck from them unless you have a great credit score, your own authority, insurance that will cover their truck on their terms, and at least a $2,500 deposit on a daycab, $5,000 on a sleeper, at least that is what they want in Pennsylvania. They will take a credit card and run the deposit amount at the time you pickup the truck then every 7 days they will run another full deposit on the card, then in about 2 or 3 days credit you back the difference from the first deposit minus the actual charges for the week, so you need a credit card with at least three times the deposit they want as a credit limit until you have established a credit account directly with them, then they only hold a one time security deposit. Also, you will pay for anything they determine to be "driver abuse", this includes flat tires, chipped windshield glass, even emission system related issues or road service calls, if they can find a way to say the driver failed to do a regen or report a trouble light immediately, plus you pay the weekly rental fee while the truck is being repaired on top of the charge back for the repairs. Found that out first hand in January, they said I damaged a bumper, which I didn't but they charged me the weekly rental rate while I fought with them on the damage, so it cost me more in rental charges than the bumper repair would have been! I had a daycab from Ryder for 6 weeks earlier this year and again for two weeks last month, each time it cost me just about $1,000 a week to use their truck. Their long term lease rates are better but still an expensive way to operate a truck. Their long term program is really designed for private fleets and companies that operate a truck as a supplement to their business but are not in the trucking business so they want a one call does it all type of truck program.

 

i came across this guy who says he makes 10k a month renting a truck and going threw a dispatcher to find loads to haul. when i heard this i thought yea ok whatever but then i came across another person saying the same thing. so know im asking anyone out there, can anyone give me any advice on how this works? is this really as good as it sounds? how do i get in?? it seems like eveyone on here is saying the oppisite that renting is not a good idea but how are these guys making this type of money and yes both of them told me specifically they rent not lease one guy from hertz the other from some local company... please help ty

 

Landstar