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Looking for a lease purchase company
Discussion in 'Lease Purchase Trucking Forum' started by sunflyer, Mar 9, 2017.
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Is this normal? I'm in Texas -
You should prepay estimated tax quarterly. That's what I did. Also 100% of lease payments are write off. Much better than the depreciation write off you get from buying a truck.
V c2c Thanks this. -
REEFERman450 Thanks this.
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Different strokes for different folks.....
Can you make good money being a company driver....YES
can you make good money in a L/P.....YES
can you make good money O/O......YES
its all about money management......i cant tell you how many guys i know where i live that drive a truck and come home BROKE for their home time....then they come at me with the "man i dont see how you stay out 3 or 4 months at a time" CAUSE I REFUSE TO BE BROKE! If i dont save 6 to 8k in 4 months of running while being a COMPANY DRIVER im doing something wrongREEFERman450 Thanks this. -
And speaking of an amazing tax guy....i know one that is extremely good at trucker taxes...if you live in the southeast tenn region or north ga....id be paying him a visit...
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Last edited: Oct 4, 2018
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My other point is: Why let some self appointed "expert" convince you that a successful lease purchase is impossible. Going into business for yourself is a gamble. Trucking is a rough game. A successful lease purchase will establish your commercial credit rating. From there you can invest into purchase of a new or newer truck, getting your own authority--- what ever YOU desire as your goal in trucking. I ran the '59 Pete in my avatar from 1984 until 1991. I operated under my own PUC authority in the state of calif. I drove , maintained my truck, did billing and collection and kept records for tax purposes. It was a lot of work. It took all my time. I found it more profitable to be leased to the company and l could have some time for a life outside of work. Good luck with your choice.Last edited: Oct 4, 2018
tallinthesaddle4life Thanks this.
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