Quote:
Originally Posted by OneHungLo
Where is the real money at? Leasing trucks? Owning multiple trucks and hiring drivers?
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It depends how much money you want vs how much headache. I personally have no interest having a fleet of trucks or dealing with drivers. I lease my truck and pay too much for it, but with that I can walk away anytime I want for a minimal loss.
I usually make at least $2k a week in my pocket for very little risk and just providing my time/labor. If I bought a truck outright via a outside source I could probably pocket a extra $800/week but with that comes more risk/liability.
For now Im happy leasing because as example I hurt myself a few months ago and had to go home. I turned my truck in due to bad timing on payments and my down time b4 I turned the truck in, I walked away owing $1,8k. However if I was buying the truck via a loan I would of been forced to make payments the 2.5 months I was out.
So once I was ready to go back, I took a used truck this go around with a short lease. I turn this truck in mid January and will go home for the winter. Meaning for me the lease works best.
The biggest draw back, is the company I run at requires your truck to be 3 years or newer when you bring it on their fleet. This means getting the truck is expensive so a lot of income goes toward paying high lease payments..
On the flip side, I could buy a older truck outright say like a $30k truck and put it at a company that allows older trucks. At that point I could run when I wanted and just pay insurance and the random other fees these companies hit you with. Doing it this way I could pretty easily run 2 weeks a month or maybe run 4 days out 4 days home or something like that and still make good money.
For the record, this is the guy's house that owns the company I run for...
https://www.news-leader.com/story/ne...cave/97612886/
He has a few jets, a casino, a hotel and a few other things Im sure.. So running big fleets pays pretty well..He did go broke once though..LoL