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Anyone ever lease out their own truck?

Discussion in 'Ask An Owner Operator' started by Pat Riot, Dec 15, 2025.

  1. Dec 15, 2025 #1
    Pat Riot

    Pat Riot Bobtail Member

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    Nov 9, 2021
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    .I want to lease out my truck to someone I know well who can do the hauling I was doing for now anyway. If I do this...does the lessee (who has his own DOT number etc and runs another truck as well for his business) use MY DOT number and name on the truck or put his own on? Is there a choice? He is based in another state with MUCH cheaper insurance and the truck will be parked in that state.
     
    Pat Riot, Dec 15, 2025
    Pat Riot, Dec 15, 2025
    #1
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  3. Dec 15, 2025 #2
    Ridgeline

    Ridgeline Road Train Member

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    Michigan
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    Go get a lawyer to write up the contract and explain to you what your responsibilities and liabilities are.
     
    Ridgeline, Dec 15, 2025
    Ridgeline, Dec 15, 2025
    #2
    Eddiec, azheavyduty and Pat Riot Thank this.
  4. Dec 15, 2025 #3
    Eddiec

    Eddiec Road Train Member

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    Contact your state's trucking association
     
    Eddiec, Dec 15, 2025
    Eddiec, Dec 15, 2025
    #3
  5. Dec 15, 2025 #4
    Lane=addict

    Lane=addict Light Load Member

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    Just keep a spare key for the truck, if payments are late. Cheapest insurance you can have.
     
    Last edited: Dec 15, 2025
    Reason for edit: Typo
    Lane=addict, Dec 15, 2025
    Lane=addict, Dec 15, 2025
    #4
    lynchy and W923 Thank this.
  7. Dec 15, 2025 #5
    roundhouse

    roundhouse Road Train Member

    3,196
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    Is the truck titles in YOUR name ?

    who is gonna get sued when they have an accident in Your truck ?


    They are just gonna tear up
    The truck or blow the
    Engine and abandon your rig somewhere

    no way I’d rent
    My truck to
    Someone else


    They can BUY it if they want to
     
    roundhouse, Dec 15, 2025
    roundhouse, Dec 15, 2025
    #5
    CassND and lynchy Thank this.
  8. Dec 16, 2025 #6
    W923

    W923 Road Train Member

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    I did something like this several years ago
    It was going to be a long term thing and was some one that I was not worried about
    I actually sold him the truck on paper and then he signed the title after it was transferred to him and gave it back to me. I kept it in my desk drawer.
    not sure this is the best way but it kept us completely separate liability wise and generally gave me a way to get the truck back if something happened.
    It had a happy ending in case anyone wonders
     
    W923, Dec 16, 2025
    W923, Dec 16, 2025
    #6
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