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

I suspect you're onto something... given his other thread.

 

Medley and Hialeah are the same area. Ha! This man is not leaving his paid off $100K+ equipment investment parked on a side street anywhere, especially a side street in South Florida. Are you nuts? Or are you just trying to set up your bros at my expense?

There are too many out-of-work, hungry Cubans, Haitians, and Puerto Ricans that depend on being near their community to live. Miami's economy is dieing, but the non-English speakers cannot function outside of Miami-Dade. They will not leave to go find work outside of their network or their comfort zone; but many of them will strip a truck and trailer down for parts and not give a #### about anybody else.

 

Personally I know what I like and don't like.

I would build a nice shop and build some sweet gliders. I'd work alone. Imagine a 2014 389 Pete with a 3406C. yeh...

I wouldn't mind an investment partner. Have most of the tools, just need a shop and cash for the truck and components.

 

Great idea.

Another area to consider is truck reconditioning. Imagine a complete tear down and rebuild to like new condition at a one-stop shop with lower cost than a glider.

 

Are you bringing in a container of Cambodian illegals and 20 used semis from Belarus or something? Using am offshore Swiss account?, it might work, keep us posted plz

 

300 k to spend in trucking I would have a business where I advance the owner operators with the money for freight bills and take a percentage of the gross . You have the $$$ that you ban wait on brokers to pay you you 30,60,90 days out. I am sorry if someone else has already suggested this did read the whole thread

 

The deal is most drivers that are new don't get how trucking once was, it was easy for a truck to gross $6,k a week and only spend $800 to do it, now you spend more than half your gross just to stay on the road.....
Best thing I ever did was get into trucking next best thing was when I decided to sale all my trucks and keep just one. Unless you have 75% of your own customer base you can't make much money off owning trucks with drivers in them, I couldn't for the life of me understand why I wasn't making money when most of my freight payed $4/+ a loaded mile.

I did did the same thing most people do I said "if I added a 2nd truck I could double my money" well i'm here to tell you from experience that never happens. To keep good drivers you have to pay them well I paid mine 27% of the load after paying taxes and workmen's Comp it was actually over 31%.

I'll tell you what I've been telling people for years all of the good drivers own their own trucks good drivers that understand the industry simply by their own trucks. Maybe things would have went different for me if I would've had the support from somebody else but I truly have no gameplayers with me and did everything on my own, i've never drove a truck for anybody I was 100% owner operator from the start learning lots of lessons the hard way. My wife gets pissed at me all the time for helping others out with how to get started and the best way to make money she says nobody helps you so why should you help others but I do..... Good luck with whatever you do but if it was me I would invest my money elsewhere!