A Place to lease from without working for them?

Lone mountain

I think arrow truck sales?

You'll be the one paying for repairs with most leases. Penske would be an exception. That's more of a rental lease than a lease purchase.

 

Yeah you may want to look into Penske or Ryder if you want an all-inclusive lease. My company leases from Ryder and they take care of everything but fuel, they even have road-side repair included. I have no idea what it costs, my company leases many trucks from them. I don't know if just leasing one truck would be cost-prohibitive for a small operation or not, but I doubt that it is cheap. I know there's a flat fee plus a per-mile charge. You must have your own authority and insurance to lease a class 8 truck too, I believe.

 

Schneider will also lease trucks without having to drive for Schneider.

 

Location helps

 

You will not be able to afford a regular lease if you don't have even $5,000 for a down payment. A lease without agreeing to work for the "leasing" company usually is just as expensive as a purchase contract, they only advantage, if you want to call it that, is leases are "off balance sheet" meaning they do not hurt your ability to borrow additional money from other sources and are much easier to get with sub-par credit.

A full service lease, which includes repairs, plates, and pretty much everything other than fuel and insurance will run you about $1,000 a week from Ryder or Penske and about $3,000 a month if you agree to a long term (2-5 year) contract. My current rate for a class 8 daycab is $175 a day or $850 a week (they give me a slight break if I take it for 7 consecutive days) plus .10 per mile and I am responsible for any damage, including glass, which they love to charge for a windshield replacement even on a repairable chip! I have an account with Ryder for when my tractor breaks down so I don't loose my contracts and I have to give them a $5,000 deposit on a major credit card when I pick up the rental tractor, they then bill me weekly for the rental and fees. They will charge another full $5,000 on the 7th day then it takes them about 3 days to refund the balance of the first $5,000 after their fees, so in reality you need a $10,000 line of credit to rent a class 8 tractor from them weekly. You can try to get approved for credit with Ryder, but they have very high standards and will only extend it if you agree to rent so many days a year, otherwise they consider you a casual customer. Keep in mind, you need your normal insurance coverage for your trucking business plus they need to be a named additional insured and loss payee with physical damage coverage for the full purchase price of the truck, which is very expensive.

A company like Quality truck does leases, usually lease purchase deals with their partner companies, so unless the hotshot outfit you get your authority from is one of their partner companies they most likely will not work with you, but it is worth a shot. There are many other leasing companies such as Intek, CAG, etc but again, the cost of leasing is similar, if not higher, than owning a truck so it will not help you without enough cash on hand.

 

@HalpinUout should have a few suggestions.