The average cost of a full-service lease

So I'm trying to figure out what the global average is it for all in all included lease everyone figures this out differently.mock by mileage by this Friday. But I would like to know what was the average cost of leasing a truck full maintenance tires and every thing per mouth

 

I pay Penske 600 a week plus 12 cpm when I rent a spare

 

Boss is paying $3200 plus 7 cpm for new Volvo’s. Full maintenance lease.

 

Which is $227,000 on a 5 year lease based on 100k miles per year.

A lot of those leases include a residual pay out at the end too.

The other thing those leases will include, depending how they're structured, is a yearly ascending cpm rate.

 

Yup, not cheap. He did it as Volvo around here has a some what slow service department. With the full service lease they guarantee back on the road within 24 hours, or they supply him with a replacement truck until his is up and running.

 

I looked into it a while back. Evidently it matters how long that you have already been in business. When I first went into business I looked at We-Lease and I had no business experience or credit so they wanted $8,000 down, $1,000 a week and a certain cpm for maintenance.

These places like We-Lease, Ryder, Penske all require at least 1 year in business for a full service Lease. Renting a truck to go down to Joes house and back doesn't require anything except a CDL. They are not gonna let you just waltz right in there and take on a Full service lease without some form of payment. You show up with $15,000 cash in hand I'm sure they will forget about that 1 year BS.

Look I'm not trying to burst your bubble but I have been there. You can take $15,000 and invest in something far better than trucking. Trucking today is flip-flops, Tank Top, Automatic Trucks, and see who can drive the rate to bottom the fastest.

 

Tec Equipment, which is a fairly large Volvo/Mack entity, is not interested in one, two man operations when it comes to their full maintenance/lease program.

 

Considering new trucks today cost $150-180k or more. When you add in maint, repairs, tires, etc. $227k is about the same a new truck would of wound up costing anyway. (But then he would have owned and had for trade or sale)

 

I have been considering going to full service leasing too it looks like even if it costs an extra 7 thousand a year it sure does take a lot of risk out of the equation