L/P older equipment?

I buy every truck regardless of age without a warranty, I see more bankruptcies due to the down time and tow bills that accrue because guys are trying to keep a truck running using dealer mehanics than any other single reason.

 

I would say it's safer then just buying it out right if the driver has ability to opt out mid way through if they realize they're in to deep.

 

But if you did offer a "walk away " think of how much money you could make by selling the same truck 10 times..... it works for Prime. Lol

 

well, you seem like a good guy and your driver seems to be a real go getter. Here's what I would do, let's say the truck is worth $50k. So, $500 a week plus contribute $150 a week into a breakdown EMERGENCY fund......that is to say, tires, PM's, whatnot comes out of his pocket.
If everything goes well, he will have bought out the truck in 2 years and have between $10 and 15k in his pocket out the door.
In the meantime, you've sold your truck at a decent price, taught your new O/O how to run a business, and have covered your hiney all at the same time.
There ya go. Let us know how it works out

 

only thing that looks funny is the $150 a week for the trailer. Might be your cost, but dang that seems high.
But it looks like you're on the right road