I have $100k cash and 6 months CDL-A experience. Where should I go leasing?

I’m calling troll

 

Just like with the lottery you don't hear much from the losers. Thousands try and dozens succeed.

 

It’s a free country. If you want to do it then go for it. If you’re looking for approval on here you probably won’t get it. I like everyone else thinks it’s a bad idea to be o/o with little experience, but finally who cares. Just do it if your set on it.

 

No there really isn't...

 

No it really wont. Thst 100k will be gone in a year...

 

Just shut it down now please hand - it has to be troll.

Super Ego ? 100k or 200k investment?

 

No it's really not...

 

You ain't know what you're getting into yet. Not a clue. Some baselines:
Lease Purchase is when a driver leases a truck from a carrier.

Leasing on is when a carrier leases a truck from an owner/operator.

They are radically different business models for the carrier. Lease Purchase can be thought of similarly to airbnb or owning a bunch of houses and having people rent them from you. They have truck or way to acquire truck, somebody pays the payments on it for them, they get a profit off the top as whatever % of gross they take. Whether the driver ever gets the title or not, they made money and limited risk. If the driver doesn't complete it, they get to do it again or sell the truck used.

Leasing on isn't in that world of business model. Somebody just has a truck, they (the carrier) DON'T have a truck or not enough, and the independent owner operator provides an increase in capacity at very low cost to the carrier.

Having your own authority maximizes freedom and, potentially, the ability to exploit a good market, and having time on it matters. But insurance is expensive. It's a little harder to get consistent contract freight (one of the potential upsides of lease purchase OR leasing on is that a larger carrier can actually tell a customer they'll have X many trucks for consistent runs and lock that in)

There are all sorts of games associated with both business models that you need to be aware of.

So, beyond the two (completely different) business models that have the word "lease" in them, and having your own authority, we're at 3 radically different business models with different abilities to get business, have radically different costs, have radically different up front costs, and net differently.

Here's 3 cost of ownership numbers for you:
$1500/week lease (friend of mine did this a few years ago at Prime), $6,000/month, $78,000/year just to have a truck.
$1500/month truck payment (used truck, be VERY careful buying used trucks, there is an absurd amount of information to know about every engine, transmission, EPA year model, and more. I would honestly watch Truckpaper for half a year before buying a used truck while educating myself about the various powerplants, transmissions, etc available)
$0/month cash truck owner. The truck wasn't free, they already spent the money. This could be a completed lease purchase, a new truck purchased in cash, an old truck purchased in cash, a completed loan through a bank, anything. Basically one way or another requires time.
Ok, so, before fuel, between the three business models, we're somewhere between $0 and $78,000/year to possess a truck, with up front investments of somewhere between $180,000 and $0, respectively.

Hrmm. Very simple, amirite?
Insurance somewhere between $500 and $7,000/month
Fuel somewhere between 5 and 9 mpg, and $2.80 and $4.60/gallon, not even mentioning DEF with an emissions truck

...and you want to haul for $1/mile. what

If you're serious, play with numbers in these until you find something that realistically makes money. I look down on DoorDash because lots of those people don't actually estimate their cost and after a couple months they either realize they're making it or they don't.

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