($300k) To lease or not to lease? that is the question!

Could you elaborate further?

 

I don't think I would invest in trucks, trailers, drivers, mechanics and all the headaches associated with any of the foregoing, never mind all of the regulatory hassle which is only getting exponentially greater. Then there's the liability associated with all of it. If you're really determined to invest $300k in the trucking industry, I would look at the financial transactions side of things; providing lease financing, factoring, etc.

BTW, I have been operating a small fleet of up to six trucks, primarily in the oilfield/heavy haul side of things, for the last two and-a-half years.

 

Thanks not4hire, I agree with your observations, you invest where the greater good is. However the purpose of the exercise/question is to aim such greater good in owning trucks with all it headaches, ups and downs. Among this $300 billion industry in the U.S., there has to be a way to make decent profit, not getting rich overnight, nor the intention of appear in forbes top 100 next year!

 

I would retire

 

Thx Ernesto, retirement is not an option!

 

Then just go for it what's the worst that can happen?

 

Buy 1 truck find a smaller company that pays on percentage based near your home base prob reefer in miami ...run that truck long enough to verify the numbers and organization meets your goals then put a driver in it and buy five more adding drivers .,,that way you know better what your getting into plus you can manage fleet deal with carrier by home and hopefully if hiring in the area you live then most recovery issues will be more localized

Not that i,ve put much thought into it

 

Southern Pride, Panther Expedited, FedEx Ground, Old Dominion, UPS, Mercer, Admiral Merchants, Sammons, Daily, Lynden in no specific order.

I would want teams with hazmat, a Canada FAST card, TWIC card, and clean financial and criminal histories.

 

Why dont you become a compnay driver for a year and learn the industry a bit. then invest your 300k and not make a fool out of yourself wasting all your money.

 

Because that would involve hard work.