Lease Questions, please don't attack

That sounds awesome! What about a warrantied breakdown that takes a month to fix? They helping you pay bills?

Maintenance is only oil changes? Not also tires, brakes, etc?

 

Already said tires yes. He didn't need new breaks on 3 years. Not sure about that. For breakdowns he never stop more than 3 day. I don't remember if after 24 or 48 hrs stopped for breakdown prime pays you for. Road assist move really fast for shops, towing or whatever you need.

 

They make a small margin ... it's not as much as people believe. They have administrative overhead as well carrying charges when trucks aren't leased.

 

Bingo…My only point is that something that use to be an expense for a company, is now another source of revenue. Brilliant.

But back to what the OP was looking for. Somebody let her know where she can find a quality lease program. I’m sure they probably exist.

 

Its funny how everyone looks at numbers and sees something different. Our O/O rates seem dismal on their face at $1.22/all miles, but the expenses is where everyone forgets what's important: what you bring home every week. People need to understand every deduction that is going to come out of their settlement to know if its a good deal or not. What's the company shop rate? Fuel discount? Tolls paid? Base plates? Insurance discounted/paid? Bonuses? Layover/Detention pay rates/rules? And on and on.

We don't lease trucks. We expect O/Os to figure that out on their own... after all, they are running a business themselves. They can lease or purchase their truck wherever they want, as long at its e-log compliant, reliable, and passes DOT.

With that said, I wouldn't recommend the OP lease a truck right now. Stay company, get a better company, and run for the next year while stacking as much cash as possible. Slightly used trucks will be on sale next year due to the economic downturn and companies going under. Buy one of those trucks, keep it maintained, and lease on to an outfit only after fully understanding the numbers.

Oh, yeah... another thing. Its never your truck. Its never "our" truck. Its never his truck. Its your BUSINESS' truck. The way your post began sounded like you were a team operation... until it came out that you are just a rider and he is a driver. That's not "we," that's "he." Perhaps you could go to CDL school, get trained, then run team with him? That will allow you to stack some serious cash in a year.

 

Amen to this

 

That was also my first thought. If she was a driver as well, once experienced as a true team, the earning potential in a company truck would be so much better...

 

what company was that?

 

what lease company was that

 

Does a straight lease (not lease/purchase) from let's say PACCAR not work out numbers wise?
This should avoid any issues with a company lease/purchase.