Ryder Lease

Sounds pretty expensive. There's a reason that a lot of people own their trucks. Have you considered just leasing the trailer? I guess it also depends on what type of freight that you want to run, i.e. refrigerated, dry van, etc and where you want to run to. The most important thing to consider is that no matter whether your sitting at home or working, that lease payment will come due the same as if you had bought outright. I would also suggest that you read the contract and pricing very carefully so that at the end of a lease agreement you don't owe a large sum of money.

 

Would be much cheaper to go finance a brand new $180,000 rig. Of course you would need a substantial downpayment. Unless you are renting 10's, or dozens, or hundreds of tractors you are going to pay a huge premium. Rates out here will not support that for 99% of one truck guys running typical freight. Your freight plan sounds like no plan at all. Spot market really sucks right now in all segments of trucking. Overall rates have been at the bottom barrel for a year now with no end in sight. The only people staying busy and making good money right now are people who've got contract and had it a while. I know the cheap fuel looks tempting but you will quickly figure out there's not enough good paying work out here to justify winging it like you want to.

 

Look into a Full maintenance vehicle lease from one of the OEM's. These leases cover truck, maintenance and repairs and can very reasonable in cost and tax liability.

 

Don't know about Penske, but Ryder charges were in the vicinity of $700/week, plus about 25cpm mileage charges, for a sleeper tractor last I checked (about 5 years ago).

 

Ryder is 900 week with .25 a mile after 2800 miles plus you pay for any breakdowns and repairs. They only pay for DEF. Had one for three weeks while my truck was in the shop from an accident the other person was at fault he had to pay for it. Ryder does not lease to O/O. the company that I was leased to had to lease the truck then I paid the bill.

 

This is the only person that sounds like they understand the leasing process from Rider or Pinsky especially when you don't have downpayment to put on $180,000 truck the leasing gives you write off's and if it doesn't work out for you you turn it in and walk away without losing thousands in down payments there are no payment at the end of your lease this is not a car lease LOL and if you sign up for it the right maintenance you're covered there too most important get the right contract and what kind of freight you want to haul remember you have different choices with refrigerated trailers can be profitable with the right contact do your homework