New truck...Full maintenance lease or purchase?

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

  1. Jubal3

    Jubal3 Heavy Load Member

    878
    950
    Apr 2, 2015
    Central WA
    0
    NONE OF THE ABOVE!!!

    I PROMISE you that in your first year of driving you will learn things that will cost your company hundreds, if not thousands of dollars to pay for your learning curve. It might be worn tires pushed beyond their time, it might be smashing into a dock. It might be pulling a tractor off a snow pile that's actually ICE. you WILL make serious, costly mistakes.

    And at the end of that first year, you STILL will not grasp how the industry functions. Not enough to bet 100k on it.

    Give it a year or a couple of years working for someone else. There are some good companies out there for rookies. Do your homework. Save your pennies. THEN make the jump. and ANY lease-own deal is a ripoff. I PROMISE you. They are a sweet deal only because you don't understand how badly you are about to get ripped-off.

    BUYING your own truck is nearly as risky if you haven't had time to do all the homework. You're looking at $40k+ capital costs with $15-20k in reserve, and as a rookie, even if you did ALL your homework, you're going to cost yourself more than your profit for your first year, just by rookie driving.

    There's a learning curve in this business. I've never heard of anyone doing well by trying to short-change that process.

    Would you buy a microprocessor company and hope to make it work becuase you read some internet articles? Of course not. you'd WORK in that industry for a year or two.
     
    Cowpie1 and Duncan Rider Thank this.
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  3. Duncan Rider

    Duncan Rider Bobtail Member

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    May 29, 2016
    0
    Thanks Jubal3. That sounds like excellent advice. It is exactly what I need to hear!
     
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