I’ve been reading though a lot of threads in this site and I’m just curious, do new o/o lease a new/ used truck or purchase outright to keep the cpm down?
or do you finance a newer truck?
The advantage I see to leasing is the tax deductions
Who leases to new companies though? The manufacture like Freightliner, Volvo, etc won’t touch you. What companies lease trucks out?
Leasing truck vs buying outright in cash
Discussion in 'Ask An Owner Operator' started by Thetrashnoob, Dec 5, 2019.
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Some O/O do lease there trucks. They run there own authority of choose a carrier to run with
This is way different than a lease/purchase offered by many companies, which rarely end well..roshea, Flat Earth Trucker and Oxbow Thank this. -
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I have heard of some people that buy the truck in their personal name and then they lease it back to their LLC or Corporation.
Oxbow Thanks this. -
If anyone needs a taxes write off I do consulting ! That's kinda of a joke because you don't lease a truck for the tax write off. Most people do a lease because they don't have any money. The cheapest it way is to buy a truck. Just write a check. You can get a loan if you have a down payment. The most expensive is leasing a truck.
Look at Prime Inc they charge something like $4,000 a month to lease a truck. That's kinda expensive, but you can walk away any time you want. It not a good deal for the driver but prime probably does real good. Not just prime but most lease deals are set-up to cover the company leasing the truck. Because if you fail or quit, they get the truck back and lease it to another new driver. Kinda like they are selling a dream of being your own boss but they setup all the terms. I still think the money in leasing a truck is made by the leasing company in the end. Because they sell the truck as a used truck for $40,000 or $50,000Studebaker Hawk and Flat Earth Trucker Thank this. -
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One advantage of leasing is the replacement every *** years. You know the cost for the time used, no worry what replacement values are.
Dino soar Thanks this. -
dosgatos and Studebaker Hawk Thank this.
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