Renting a truck long term vs leasing or buying

Very interesting idea, if you do pull the trigger on this, I hope you come back here and let us know how it's working.

Pac-Lease should be very reliable, if it's still owned by Paccar. Hope you can find the freight to fund it.

 

Starting out and you want to give away $48,000 on an unknown 2012 rental truck. Hell of a plan.

 

Not so driver penske an the full lease and Ryder also give you a loaner truck also Ryder will tow your load if they don't have a looner truck that is on there all in lease deal

 

I rented our trucks (up to six at one time). They were always full-service rentals; first from IdeaLease (International) and then PacLease (Kenworth). I recently posted about it in this thread. I have posted about it a few times.

I can give you more detail if you want.

 

You are right

 

Penske doesn't offer a free rental for pm unless it exceeds 24hrs.

 

How is your credit and current financial situation.

This needs to be answered first!!!

 

Agreed. The account I have set up with Ryder to lease 2016+ is $2250 a month ($450 a week) and to rent ($809.75 a week) and .17 for maintenance. Free loaner truck if the PM takes over 24 hours. The account requires 5k down payment per truck and is billed bi monthly. They also required two years bank statements and look at credit ect. No repo, bankruptcy ect Lot of paperwork.

 

Want to lease to a carrier. Here is a good example. READ CAREFULLY!!
This is from Bennett Motor Frieght

• Your Tractor – will be inspected
• Your Trailer – IF your own trailer, will be inspected
• Proof of insurance if you are using your own coverage
• Securement Equipment – all equipment must be present for inspection
• Clear copy of your tractor title and registration
• Clear copy of your trailer title and registration if pulling your own trailer
• Clear copy of your paid form 2290 (Heavy Highway Use Tax)
• Your valid commercial drivers license
• Medical card & long form physical
• TWIC card and/or Passport if you have one
• Bank/checking account information for direct deposit setup
• Emergency contact information – names, addresses, phone numbers

Now many legit lease programs will provide you with a title. Understand that the legit carriers will not entertain any type of "fleece purchase" baby games. You can have a title with a lien holder...thats fine. What the carrier wants is your name on the title. This indicates that you have full rights to the truck....period! No "if" "buts" or "and" either you have a title to the truck or not.....its that simple.

Hope this helps

 

Not something I would be overly concerned about. It might take a little to-and-fro, but it generally isn't a deal-breaker. Usually it is in there because it is a condition imposed by the insurance company, but it isn't that hard to work out.

 

Also there are IFTA issues.

I can make this simple.

Its either you have full rights to the truck or not!! Its is YES or NO. You either have a title to show the carrier or you do not (even if it has a lien holder) I cant make it sound any clearer my friend. No games! You have it or you dont!

This is the way many of the legit O/O carriers will put it to you. These carriers will show pretend O/O fleece purchase drivers the door.

Many pretend O/O fleece purchase drivers dont like this answer....but its the truth. Sorry if I ruined some of your imaginary O/O Fantasy World.