Where can a new o/o rent/lease trailer from

Discussion in 'Ask An Owner Operator' started by Thetrashnoob, Jan 5, 2020.

  1. feldsforever

    feldsforever Road Train Member

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    I think I'm gona get into the trailer renting business. I see this question a lot. Charge my monthly payment plus
    100.00 a month. Driver covers all maintenance and makes sure I get paid if they roll it.


    Or just buy a couple for 3-5 k, and rent them out at 250.00 a month. Plus what's mentioned above
     
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  3. JonJon78

    JonJon78 Road Train Member

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    Sounds good until the payments stop coming and your trailer is MIA
     
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  4. Wespipes

    Wespipes Road Train Member

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  5. zaroba

    zaroba Heavy Load Member

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    You say you don't want to buy a dry van because you might switch to reefer, but how soon would you be making that switch?

    I mean, you can buy an older used trailer for under 3k, especially at auction sites like IronPlanet (next dry van auction happening on the 23rd, lots available across the country). How long would it take to pay that much from leasing a trailer? Probably less then 6 months if you include the down payment and likely required insurance. If you run dry van for a year before upgrading to a reefer you could possibly end up paying double by leasing instead of buying. Leasing will greatly extend the time it takes you to save up the money to buy a good reefer trailer since the reefer unit alone makes the price of a used trailer jump by over 10k.

    I'm doing the same thing as you, just starting out and planning to upgrade to a reefer trailer in the future. I'm about to head to a local place to check out a 2001 Great Dane dry van they are selling for $1950. In a year or so when I want to upgrade to a newer reefer, I'll just sell or try and trade in the dry van. And since the trailer is so cheap, I probably wont even bother with insurance for it. I will do repairs myself (cheaper and less downtime anyway) and I'll just scrap it and buy another cheap used trailer if something catastrophic happens before I switch to a reefer. Between monthly payments and deductible, insurance might cost more per a year then a another used trailer.
     
    Last edited: Jan 17, 2020
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  6. feldsforever

    feldsforever Road Train Member

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    d
    Wow.
     
  7. Thetrashnoob

    Thetrashnoob Light Load Member

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    I wouldn’t want anything to do with buying a trailer from an auction sight unseen. The cheaper trailers I’ve found start at 4-5k and those are for 99-2000 trailers. Those are some old trailers. A lot of issues could be had with them. Plus shippers may not load them for being 20 years old. If renting costs more to get a newer trailer it may be worth it.
     
  8. zaroba

    zaroba Heavy Load Member

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    Huh? Are you agreeing or disagreeing?

    I did buy the trailer. Looks a lot better then some of the trailers I saw going for more on that auction site.
    No scrapes or gouges on the outside.
    Interior walls nearly perfect except some chewed spots in the kick plates along the bottom and nose.
    Floor undamaged.
    Almost half inch of brake pad and brakes work great.
    8-10/32 of tire tread.
    No cracked or broken rails underneath.
    No air leaks, almost new airlines.
    Doesn't dogleg at all, which suprised me given the age.
    All lights work fine.
    Has 3 rows of etrack nose to tail on both sides (which is worth over $900 new).
    Previous DOT inspection expired in December indicating it was in use on the road sometime last year.

    Only downside is it has a roll up door and a semi transparent roof.

    Thinking it might have belonged to an owner op and really surprised it wasn't being sold for more. Of course the place could have done work on it to make it look pretty, but givin the sale price I highly doubt they would have been able to do much and still turn an acceptable profit selling it.
     
    Last edited: Jan 18, 2020
  9. feldsforever

    feldsforever Road Train Member

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    Meant for zaroba
    As with most of my "wow" responses. I'm just blown away but what I just read. I'm not the dumbest guy in the room, Usally. So when I see a post that gets that opens me up to a new way to look at something. Or out side the box. It literally just knocks me out of the park.

    In this case. You said you would scrap and by new....me living on Roman noodles. Rice and beans. Instantly I start thinking. $0.25 a pound times 13,000 pounds. Minus 20.00 per tire. Shoot I could almost retire in 60 trailers. How far off am I?
     
  10. Thetrashnoob

    Thetrashnoob Light Load Member

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    I’m not sure what your trying to say..?
     
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