Leasing a Semi-Truck vs Buying One | Haulin Assets #80

Leasing a semi-truck is very misunderstood. In today's episode Craig and I are bringing some guests onto the show to help answer some of the common questions people have when it comes to leasing a truck. Before we jump into the main topic I talk about a crazy load one of our drivers is currently on and how it has the potential to cause frustration. It is important to find a win win situation under an uncommon set of circumstances that this load has.
What To Expect From Episode 80
The word lease in the trucking industry is incredibly confusing, because it means so many different things. Craig and I start off by breaking down some of the most common ways the word lease is used in the industry and which type of lease usually creates the most horror stories. This episode's focus is going to be on the type of lease that is similar to a car lease. Here are some of the questions we answer:
Who owns the truck?
What happens to the truck after the lease is done?
Are you limited to the number of miles you can put on the truck?
Does leasing vs buying change anything for your insurance?
Is there a per mile maintenance cost?
Who is responsible for maintenance and repairs?
Is one going to typically have a lower payment?
Is the interest rate on a lease different?
What are the tax considerations when leasing verses buying?
Who can qualify for a lease?
Is it easier to qualify for a lease than traditional financing?
Is there a down payment?
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What Is Haulin Assets?
Haulin Assets is a one-man trucking company started by Chris Vernon, the owner of Motor Carrier HQ. Chris has years of experience helping others start their own trucking company.
Now he’s going from behind the desk to behind the wheel to put his money where his mouth is. Follow the highs and lows of starting a trucking company through our podcast Haulin Assets.

[@highwayta3696]

Exact info I’ve been looking for 👍🏾

[@HaulinAssets]

Glad to hear, I hope we have been helpful.

[@jamesmosely5170]

All these new words and acronyms, designed to keep the drivers pockets empty. I don't see these same guys fighting AB5.

[@HaulinAssets]

I am not sure what you mean about, "All these new words and acronyms, designed to keep drivers pockets empty.", can you elaborate?

[@TolaTrucking]

Imo leasing should be illegal

[@HaulinAssets]

Leasing gets a lot of people in trouble. There are good programs out there, but the bad ones are really bad. Predatory.