lease or buy

Discussion in 'Ask An Owner Operator' started by blackdogg1, Apr 14, 2019.

  1. blackdogg1

    blackdogg1 Bobtail Member

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    Feb 21, 2019
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    what seems to be the best way. leasing or buying . does it come down to taxes? also what is the nornal money down for either one
     
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  2. bryan21384

    bryan21384 Road Train Member

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    The great state of TN
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    Always buy.....less expenses overall. Save lots of money up then buy yourself a good reliable truck
     
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  3. Midwest Trucker

    Midwest Trucker Road Train Member

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    Buy, Ive never leased anything in my life.

    No benefit with taxes since the 179 deduction is not in jeopardy every year anymore.
     
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  4. PE_Trans

    PE_Trans Road Train Member

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    Buying anything in general will almost always beat leasing in the long run. However, there are times leasing can come in handy. Say you only wanted to be in business for 1-2 years. Leasing wouldn’t be a bad decision. The other scenario would be drivers who have never been an owner operator. You can lease for a few months. If you don’t like it, or it’s not profitable, then you cancel the lease contract.

    Lease-only programs are different than lease-to-purchase. Lease-only programs should allow you to cancel the contract without losing any money or just a few hundred. This beats getting involved in a truck worth tens of thousands of dollars or even over 100k to then find out you don’t want to continue. It happens.
     
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