Is it worth leasing a tractor & reefer trailer?

Discussion in 'Questions From New Drivers' started by sipank96, Sep 24, 2019.

  1. sipank96

    sipank96 Bobtail Member

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    Sep 24, 2019
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    I'm currently a dispatcher at a carrier and I know many of the ins & outs of the business when it comes to the actual loads but I'm not too experienced with the actual trucks. I'm thinking of starting my own company and getting 1 or 2 tractors to start off with. I do not plan on driving myself but finding drivers instead.

    I have always been told it's hard to find drivers for your trucks but I feel like I can find some decent guys to get started with here on this website. I am located in California & I have seen the costs of the industry rise while the rates are dropping.

    I feel like the rate drops are mostly affecting dry vans so I'm thinking of getting reefer units instead. I would love to hear what some of ya'll think about this idea.

    I am somewhat of a handyman & can fix minor issues but nothing close to a full on mechanic so here's my question, is it worth leasing a tractor/trailer, buying new or buying used? What kind of pros & cons does leasing have? I hear I can get the tractor & trailer for under 3k a month and they pay for maintenance which sounds like a great deal.

    I am open to any and all opinions and I would love to hear what you guys in the industry think.
     
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  3. Mike250rs

    Mike250rs Heavy Load Member

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    Sep 24, 2019
    Raleigh, NC
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    Honestly, with your limited mechanical skill set.. I would shy away from owning any equipment right off.

    Leasing from Penske or Ryder and such might be an option just because of their maintenance network. However keep in mind that you will have costs upon costs just to have your name on the truck door regardless if you have a driver in it.

    Then you need to really be prepared for a driver trashing the truck, refused loads, accidents, etc. Any one can kick you in the wallet hard and have caused some ill prepared to close up shop and bankrupt themselves.

    Before you dive into the deep end wallet first, I would dip your toes into the freight brokerage side first. Then once you have established a firm cash flow, maybe take on a truck and lease a trailer.

    Last month we had an owner op that didn't stop when he blew a trailer tire. It coughtt fire and burned a brand new $75k reefer to the ground. That little oopsie only ran him $200k (he was also charged with the lost load and cleanup.)
     
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