Here's my question: my wife & I run as a company driver team. We are considering buying or leasing a truck. We avg a little over 240000 miles a year which is approx 1 million miles every four years. With this amount of miles, is it better to lease a truck every three years, or purchase and pay for the required maintenance of an older truck?
OTR Team truck options
Discussion in 'Ask An Owner Operator' started by Bay1099, Nov 7, 2017.
Page 1 of 2
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
That's a good question.......In theory you could buy and run it for 4 yrs and have 1 million mi on it. And sell it for a few bucks or, buy it run it for 2 yrs and get some decent $$$ on trade since it's just 2 yrs old. Just depends on your preference. Like your personal car, buy new, keep 8 yrs and barely get 150 dollars VS. buy new, trade it 1-2 yrs later.....right ?
-
We buy and re-motor as long as the chassis is sound.
-
I thought about this option, but I don't really see a cost advantage verses leasing..considering deductions.
My cars I buy new and keep forever. I don't car about resell. We drive them into the ground a couple of times before finally shooting them. I would do the same for a truck, but the cost seems a little high. -
How do handle the after treatment system? It seems once problems start (2015 & 2016 Vovles) they never stop.
-
Great question!! and the answer depends on you. As a single the answer is simple buy and keep.
But running team its not so easy. Buy and hold, even after repairs and rebuild, will get your bank account ahead. But your still gonna be replacing after 6 years.
Depreaction vs deduction is gonna equal out.
IMHO the best thing is to BUY and trade every two years. After the first one it is just a matter if swapping trucks with a perpetual payment.
But you're always in new, always under warranty, and purely from a bean counter point of view. After depreciation the truck is almost free.Bay1099 Thanks this. -
I'm going to rerun the numbers My first thoughts that buying cost way more, but maybe not. My big concern with trading in every two to three years is being too far under water to make it viable.
-
The after treatment systems are WAYYYY better than they used to be. But yes, they still fail. You gotta add them to your PM list with regular replacement filters, valves and sensors. Get it BEFORE its an issue. Regular inspections, ash box cleanings, the works. And inspect them before you let them put it back together. I paid for a few clean outs that never happened before I got smart. They still blind side you from time to time... but not as bad. Your bigger concern are the crappy engines that need to go down to the crank at 280k.
Freightshaker's DEF system seemed fairly stable. So does the KW. Now.Bay1099 Thanks this. -
Then you're probably not financially ready for what you're about to do. Just food for thought.
-
We're financially ready. We're working the numbers to see if a lease with full maintenance included is more cost effective than buying.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 1 of 2