Has anyone leased a truck through Nationalease?
http://www.nationalease.com/
It doesn't say anything about who they will lease to and the qualifications.
Penske and Ryder want only corporations and have to be in business for a long time.
I am exploring other rent/lease solutions as an O/O. Does anyone have any other info on where I could rent or lease a truck from? I don't want to be stuck with a lease program and stuck to one carrier.
Thanks.
Nationalease
Discussion in 'Ask An Owner Operator' started by BoyWander, Mar 17, 2013.
Page 1 of 6
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
Have you checked out Lone Mountain?
-
call GE Financing in your area.
http://www.gecapital.com/en/
http://www.americas.gecapital.com/financing-solutions/transportation-commercial-trucking
When I called them in Minneapolis, they connected me with www.westbayleasing.com
They are in Minnesota and a nice group to work with. Not sure if they would work with you in Michigan though.
If you contact GE financing in MI, they MIGHT know someone like westbay leasing in your area.
With that said, I was also approved by lone mountain when I bought my truck with west bay. I much preferred working with Westbay as they also financed a trailer for me as well.
If you are going to go o/o, get BOTH. Without the other, the truck is useless.BoyWander Thanks this. -
MNdriver you've given me this advice before! But I still appreciate it.
I'm still exploring the idea of possibly getting a full lease program, withOUT the purchase thing. Where the rent payment would include plates, repairs and maintenance, and possibly bobtail insurance. And that I could take it and lease to whatever carrier I want. And when I'm done with it, I could just take it home, clean it out, and return it.
If this is even remotely possible, without me being in business for 2+ years and without having a corporation, then I'd like to explore it further. -
Then I would recommend you go find a guy like the one Windsmith works for.
A small O/O who wants someone to run the truck and make him money. -
That's not what I asked.
I didn't ask for recommendations on how I should operate. I asked for info on renting and leasing, not people telling me what I should do. -
How about Pac Lease or any other dealer full service lease? No full service lease is cheap though.
-
Ok not telling you what you ought to do but you'll find out how expensive this all is, it's not going to be cheap, and personally I don't think the rates are out there to justify it and make any money at all. If you got like $2.50+ a mile to the truck all miles you roll, you might make a go of it. So the question is how are you going to do that? Off loadboards? Well, then the question becomes will there be any money left if you're only running about 12,000-15,000 miles a quarter give or take cause that's about all the miles you will get at rates like that from what I see. Of course there will be a learning curve to even get rates like that and your guess is as good as anyones how long that will take. It's taken me a full year to even approach an average like that. Being leased on somewhere is just another expense that makes you less competitve than the indepedants who can get there cheaper without a cut off the top - not to mention all the idiots out here running for nothing and the business models that "make money" off a $1 a mile. If you've got patience and time, plus funds, I guess, but just know what you're up against. If you want to do this pulling a dry van it will test your patience sure enough. I'm sure flats and reefers are no different regardless what others say about the rates with those being better. Loadboards are a difficult world.
-
$700/week for a truck, insurance, plates and maintenance / repair fund is what I'm looking for. If it's possible to get that by renting, then it's about what I'd pay to buy one. But it would be more expensive up front for me to have to buy one and all other startup costs. Yeah it would cost a little more over the long run, buy in a few months I'd have enough saved to where I would feel comfortable.
-
okay, well, I still say the rates and freight won't support it
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 1 of 6