What kind of experience have you guys had with TRAC Lease programs. Is it worth it or you lose money at the end? Any other lease programs on new or used equipment I should look into?
Thanks,
TRAC Lease
Discussion in 'Ask An Owner Operator' started by natanishe, Aug 3, 2016.
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my opinion is you will lose your ### if somebody trying to help you out I don't believe in any financing programs leasing programs and all kind of b******* work hard make your money. then buy your own .
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How do you expend your business if you don't use outside source for funding? I don't think companies with over 10+ trucks actually paid in full out of pocket for the equipment.
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I typically do FMV Leases and have never done a TRAC Lease. I would give you one key to remember anytime you do a lease: Is the payment of the lease affordable within the structure of my business plan. Meaning, will the lease payment eat up so much of my revenue that I will make little to no profit. That is the reason I set a strict limit on how much I will pay monthly for a truck. Because you cant make money if you have to give 25-50% just to pay for the equipment. So, the first thing you need to do is budget how much you want to spend on equipment, then find a finance vehicle that would fit that mold.
Sidenote: Remember, trucker's report has two kinds of people that use it. Negative Nelly's who will rain on any parade and helpers who actually want to share knowledge. Don't let the Negative Nelly's win, let their stupid advice roll off your back. Because a man with no trucks can't tell you how to get to 10!!!!!MiRig2017, RERM, natanishe and 1 other person Thank this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.