Leasing only, and owning a trailer...

I'm a curious cat, fresh out of lives, but not questions.

I'm reading posts on TTR about people who've leased only and increased their percentages.

I've also read a post about someone who bought a trailer only, not a truck, and upped their percentages, too.

What gives?

What's the 411 on these...strategies? Do they work, did they work, will they work?

 

I'm really trying to gain knowledge on two different subjects.

I guess the first question would be, is leasing a truck financially worth it. I am not talking about lease-purchase, just leasing; Ryder, JB Hunt, etc.

The second question would be, does owning your own trailer and pulling it behind a company truck happen? Does it work, financially?

The way I see it, greater knowledge leads to better decisions.

TIA

 

Hat's off too you! Have another beer, in your honor, good sir!

 

On #1, I agree, buying is better. You have the maintenance, but you own it. Everything is a write-off.

#2, I was really curious when I read about a guy who pulled his trailer behind a company truck.
Crazytrucker77 wrote about it, and in my wet-behind-the-years experience, he wasn't so crazy.

My lease adventure

So I figured I would write something about why I chose to buy a trailer first over a truck. Really it was a no brainer for my situation and came down to two reasons.

1. I get an extra 10% pay increase with my company putting my pay up to 89%.

2. A trailer is less of a risk financially.

It is no secret that trailers hold their value better and have less components that can brake down. Now if I would not have gotten an increase in pay then I would have went for a truck first. When you purchase equipment you goal financially is to increase the bottom line by decreasing expenses. In my case it increased my expenses slightly but gave me a much higher increase in revenue by 3 - 4 times the expense.

This month is my first full month with my trailer and the increase in income. Trust me it shows so keep an eye out for my August financials here in a bit.

 

Do you need a tandem endorsement for that?

Lot lizards want to know. lol