Safe to lease out our Semi ?

Discussion in 'Ask An Owner Operator' started by Eugene Koffi, Apr 4, 2007.

  1. Eugene Koffi

    Eugene Koffi Bobtail Member

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    Apr 4, 2007
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    Hey we have a semi tractor we'd like to lease out for a year , just wondering if it is a good thing to do ? i mean someone has your truck in another state maybe .. might be hard to recoup it .. just wondering if anyone has any suggestions or info about doing it safely.
     
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  3. AuthorAr

    AuthorAr Bobtail Member

    just letting you know you can place a gps tracking locator somewhere on the truck to recoup if it were to be abandoned.
     
  4. francesco

    francesco Bobtail Member

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    Mar 24, 2007
    roselle, il
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    what kind of truck is? how much u' like a month. pm if u want, im looking for 1 truck for myself
     
  5. Eugene Koffi

    Eugene Koffi Bobtail Member

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    Apr 4, 2007
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    can view details of it in the Yard Sale section of the forum.
     
  6. buck and a half

    buck and a half Mr. Miles & Miles with Many Smiles

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    Aug 11, 2006
    madison,me
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    Personally,I say sell it outright for cash only private sale,no warranty,you will have that money in your hand,private deals too often make enemies and someone gets screwed out of a truck or your money,there are too many ifs to go wrong trying to lease it. If it blows up,the leaser isn't going to be able to fix it,you are stuck with a tow job,repair and right back to zero again,or an accident holding you to a lawsuit by some smart lawyer,there are many things to consider. Good luck at whatever you do.
     
  7. Eugene Koffi

    Eugene Koffi Bobtail Member

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    Apr 4, 2007
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    We wont sell it as we are sending it out of the country after a year as a gift. we arent too worried about it blowing up .. its a new engine.

    as for the driver , he'd have to have it insured in case of accident.
    yes we will have an attorney do the lease to be covered.

    Eugene
     
  8. Matthews

    Matthews Medium Load Member

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    Apr 5, 2007
    Akron,OH
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    Have you thought about just leasing it to a good Carrier and sticking a driver in it for the time being? Or until you GIVE it away....

    I would tell the driver your PLAN, so you dont hurt him when it's time to part with the truck.

    The company you lease your truck to, can help cover your expenses and and get you fuel, plate, and insurance discounts.

    Just a thought....

    All the best,
    Matthew
     
  9. Joethemechanic

    Joethemechanic Medium Load Member

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    Mar 22, 2006
    Phila Pa
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    LOL,, If you have seen the idiotic things a driver can do to a truck that I have seen, you wouldn't say that. I have seen guys run them out of oil, drive them with coolant leaks, overspeed them going down hill, there are a ton of ways to destroy a brand new engine. Not to mention they can sell fuel, tires, and God knows what else off your truck. Only way I would do it is with someone I have had a very long term good business relationship.
     
  10. Matthews

    Matthews Medium Load Member

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    Apr 5, 2007
    Akron,OH
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    GREAT point joe....
    I guess the security I have with my two drivers are few and FAR apart from real world issues. My trucks I do require to be parked in the yard here at the end of the business day. I myself have checked the fluids and I can be safe to say my drivers are ( respectful ) to the trucks..... Im blessed....

    My 2 cents,
    Matthew
     
  11. Eugene Koffi

    Eugene Koffi Bobtail Member

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    Apr 4, 2007
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    Ya Matt we'd like to lease it to a Carrier , we have contacted many .. no one wants to do a deal yet. Actually i think the Carrier route is a better way , then to have someone you really dont know out working it as Joethemechanic stated. And yes we would be very up front in telling any driver or company it was only for a year.

    One company did want to lease it , but came in too low at $22 a day. looking for a bit more than that. Its like a new truck.
     
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