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New truck...Full maintenance lease or purchase?

Discussion in 'Questions From New Drivers' started by Duncan Rider, May 29, 2016.

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  1. May 29, 2016 #1
    Duncan Rider

    Duncan Rider Bobtail Member

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    May 29, 2016
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    I want to become a o/o as a second career. I can afford a new truck, but business wise is it better to do a full maintenance lease or pay cash for a new one (or a glider) and sell it/trade in when the warranties run out?
     
    Duncan Rider, May 29, 2016
    Duncan Rider, May 29, 2016
    #1
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  3. May 29, 2016 #2
    gokiddogo

    gokiddogo Road Train Member

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    How much is a new truck?
     
    gokiddogo, May 29, 2016
    gokiddogo, May 29, 2016
    #2
  4. May 29, 2016 #3
    Duncan Rider

    Duncan Rider Bobtail Member

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    Well, I was thinking $130-160,000 range.
     
    Duncan Rider, May 29, 2016
    Duncan Rider, May 29, 2016
    #3
  5. May 29, 2016 #4
    blairandgretchen

    blairandgretchen Road Train Member

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    How long are you intending to commit to your second career?

    Short term, a lease may be better - longer term , buy.
     
    blairandgretchen, May 29, 2016
    blairandgretchen, May 29, 2016
    #4
    AM14 Thanks this.
  7. May 29, 2016 #5
    AM14

    AM14 Road Train Member

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    Is your first career in the trucking industry? I'm just a company driver so I don't know but I'm sure most of the O/O's on here will tell you it's a full time gig owning a truck.
     
    Last edited: May 29, 2016
    AM14, May 29, 2016
    AM14, May 29, 2016
    #5
  8. May 29, 2016 #6
    DUNE-T

    DUNE-T Road Train Member

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    Did you ever drive a truck and what is your first career ?
     
    DUNE-T, May 29, 2016
    DUNE-T, May 29, 2016
    #6
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  9. May 29, 2016 #7
    blairandgretchen

    blairandgretchen Road Train Member

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    Yeah - good question. How many bases do you have covered right now?

    If I had more money than a bull can produce, there's still a bunch of hurdles in the way before you can bounce from one field to another.

    And most involve regulations and insurance.
     
    blairandgretchen, May 29, 2016
    blairandgretchen, May 29, 2016
    #7
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  10. May 29, 2016 #8
    Duncan Rider

    Duncan Rider Bobtail Member

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    Probably 12 - 16 years or so.
     
    Duncan Rider, May 29, 2016
    Duncan Rider, May 29, 2016
    #8
  11. May 29, 2016 #9
    DUNE-T

    DUNE-T Road Train Member

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    12-16 years what?
     
    DUNE-T, May 29, 2016
    DUNE-T, May 29, 2016
    #9
  12. May 29, 2016 #10
    AM14

    AM14 Road Train Member

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    I'm guessing in response to @blairandgretchen 's first post. Still doesn't answer much
     
    AM14, May 29, 2016
    AM14, May 29, 2016
    #10
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