semi tractor lease

Hoofer B · Jan 14, 2014

Does anyone on here lease a class 8 semi tractor? Any helpfull advise would be appreciated. Thanks

jon f mn · Jan 14, 2014

I do, but there are dozens of ways to do it. What exactly do you need to know?

Hoofer B · Jan 14, 2014

Hi Jon call me 920 973-6729 thanks Bill

caterpillar guy · Jan 15, 2014

A lease is a good way to walk home in the end. Do not let the company you are hauling for do the lease. Good way to go broke on your dime and credit rating.
A lease is not the way to go. Just buy it collect the depreciation and interest. When done you have any equity that is left.
A lease you turn back at the end.With nothing to show for it. The so-called lower payment will only be about 2-300 per month and you still don't own it.

Dean Olson · Jan 15, 2014

I looked at that option and felt that the company that would employ me and lease me the truck was brutally expensive. I then looked at a totally independent leasing co and found that they were a lot cheaper but still way more expensive than traditional financing.

I ended up buying the truck, financed through the bank and got set up with multiple brokers. I have my own authority.

If you have the werwithal, business savvy, and self discipline this is the way to go. If not hire on as a company driver and go to school on them till you have all of the above.

One of the gripes I hear about from the guys who leased on is that the more experience they get and the more money per mile they earn the less miles they get. The new/lower pd guys get more miles.

If you can afford it and want new equipment regularly then leasing can make sense. I personally drive and repair my vehicles till it doesn't make sense any more.

semi tractor lease

Hoofer B

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jon f mn

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Hoofer B

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caterpillar guy

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Dean Olson

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