Con and Pros of Renting/Leasing/Financing a new truck

All depends on How much money you have in the bank for start up and how much you have in Reserve...Remember no matter which way you go you pay the all the bill for running it..

 

Look at truck paper and set your parameters to see what is out there. Low miles 300k- under 5 years old ect.

 

Hopefully You took the first step and learned how to run a business. And learn how the trucking business really works.

What ever you do ....do not do a lease purchase from a carrier. For that matter don't do a fleece purchase period.

Learn the business, take your time and finance the right truck. Check out letstruck.com for some good resources.

PS Commercial credit is different from personal credit.

 

Just curious, why do you think that?

 

But there's plenty of new people lining up to buy those trucks being sold by all the people quitting. The only thing that will improve trucking is a real economic recovery. The misery of others isn't going to improve anything.

 

I've done a lot of rentals over the years, I'd say if you can keep a rental busy for a month or two, buying a truck is probably not a bad idea. I have no experience leasing however, I always go straight and buy either new or used. Everytime you change your size there's a lot to learn. You may learn that 7 trucks isn't worth the hassle over 5 trucks, in which case if you're renting it's a cheap lesson. If you purchased... that's a little harder unless one of your older trucks should be moved along soon anyway.

 

What @rollin coal said, but I'd also like to add, trucks with all the emissions stuff on them (2010-present) will get cheaper as they age and the miles are put on them. The older pre-emission trucks will continue to bring strong money for the next couple of years.