Renting a truck long term vs leasing or buying

Only if it is a reputable renting company, pays for all repairs, other than maintenance, and can guarantee a loaner truck of the same value, for the same price, if your's breaks down. And then, I'd think long and hard about it before signing on the line. Maybe even run it by a lawyer. But then, I'm probably overly cautious.

 

I dunno. I've been out of the game for a very long time now. But I never minded working for a company, if it was decent.
Just never had the urge to be a businessman...

 

All your repayments on the rental would be tax deductible however you've got to actually be making some money to get a deduction in the first place. Bottom line is what ever you think is easier on your pocket and leaves the most in your bank account.

 

Most rental setups don't offer a rental for maintenance. So if they find an issue and are waiting for parts, you might be shut down for a few days with the weekly payment still due. Just something to keep in mind.

 

Granted it is a write off. Yet to me it is also a satisfaction of owning. Your vehicle is a reflection of who you are. So if you find a well maintained truck that hasnt got a abusive owner, that truck should take care of you as long as you take care of it.

My neighbor is driving a 1996 Pete. Bought it with a replacement Cat and rebuilt tranny. He bought the truck two years ago and takes care of it religiously. He is home during snow storms and out OTR most of the time. He seems to be doing ok. I dont think he paid more than 15k for his truck. Once every 3 months he goes and comes home with another toy.

It is up to you on what you do. Only you can decide what will work for you. Yet I like to have the physical item for money paid.