Lease new vs buy old?

Discussion in 'Ask An Owner Operator' started by rockstar_nj, Jun 26, 2015.

  1. shullnuff123

    shullnuff123 Bobtail Member

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    Rank, my point is old. For some old else it might be different, but that works for me.
     
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  3. shullnuff123

    shullnuff123 Bobtail Member

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  4. freightwipper

    freightwipper Road Train Member

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    This is true...

    I'm OTR so I don't own a car because I find it to be pointless.
    I have a home but it' a $100k house and I have a room mate nearly splitting all the bills with me.
    Only home maybe a couple days a month at best so having a fancy house doesn't really matter to me.
    No wife or kids...
    So hey I got a new truck whatever lol don't really have much of any other expenses and I want to be comfortable with less headaches but that's just me.
     
  5. Oscar the KW

    Oscar the KW Going Tarpless

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    My favorite is the "new trucks are always broke down and in the shop."
    If that were true there would not be hardly any new trucks moving down the road, you wouldn't be able to get into the parking lot of a dealership, as they would be full with all these broken down trucks.
     
  6. shullnuff123

    shullnuff123 Bobtail Member

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    Yea, I think, New or old. They all have they ups and downs. It just come down to choice, like and need.
     
  7. freightwipper

    freightwipper Road Train Member

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    I think the worst is to get a used truck around 500k miles right after Warranty and they're still $70k or so.
    My first company I worked for the owner said the total cost to operate is cheaper getting new trucks vs keeping their fleet past the warranty for an extra year or two.
    That's what I heard Idk if it's true but sooo many fleets get rid of their trucks at 500k tops it seems.

    New or a cheap older pre emissions truck seems to be the way to go.
     
  8. Oscar the KW

    Oscar the KW Going Tarpless

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    Yeah, with anything 04 or newer to rebuild it properly (everything) you are essentially adding 1-1 1/2 years of payments. And that's just the engine, there's a lot of expense that can be incurred between the transmission and the rears too, not to mention all of the other things that could plague an older truck. In the end it really is a gamble though.
     
    Long FLD Thanks this.
  9. Long FLD

    Long FLD Road Train Member

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    There has never been and never will be a one size fits all solution. We've all had different experiences and we all have different goals. If the op is going to live in the truck and rack up big miles then maybe a new truck on a full service lease would pencil out. And he could be like you with minimal bills and living expenses.

    Believe me, if I was running otr I'd have a newer truck with a bigger bunk in a heartbeat.
     
  10. rank

    rank Road Train Member

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    They are.

    You guys...let's think about this for a minute. The more stuff you put on a truck the more stuff there is to break right? Take away ABS, EGR, VVA's, DPF, sensors, computers and there is precious little left to go wrong. You can buy a mechanical truck and replace all the wear parts that need replacing before you head out and still be money ahead.

    I've had '86, '95, '98, '00, '01, 05 and '08 and the newer they are the more it costs to keep them running. If we are talking about reliability, resale and/or total cost of ownership I don't think there is any debate here.

    Get a clean truck built before 1995.
     
    Last edited: Jun 27, 2015
    jdiesel3406 and DetroitSpecial Thank this.
  11. Brucesmith

    Brucesmith Heavy Load Member

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    Of course you don't see a 2000 Volvo at the dealership. Not @ $135 an hour!!!!. My main point is that you need to have some mechanical ability to own any older vehicle.
     
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