i am buying ( financing) my truck. is it better to be leased paying 15% to company? or get own authority? dryvan freig

752131

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816471

{"replyTo":"","text":"if you're thinking about getting your own truck, don't give a truck that has three-quarters of a million miles on it. ask to see the pool service bulletin on all repairs and updates that the truck has had. at least that way you're not going into it totally blind. I had to trucks two trailers, and my own authority for 8 years. don't put it into a Corporation.  Go with an LLC. if anyting happens where you would get sued, they can only take what LLC owns. Not all your own property, house cars boats airplanes,  whatever you own.","replyToPid":0}

770536

{"replyTo":"","text":"just remember if your leasing or financing the biggest issue is going to be startup costs fuel and like if you don't have 15 to 25 thousand in a savings account then you probably should be a company driver until you do have that because you can read through these post and see people that pay their trucks off in a year but just got a $16,000 bill for truck repair that they have to pay and they don't have the money for","replyToPid":0}

630766

{"replyTo":"","text":"lease if you got the balls to do it","replyToPid":0}

770536

{"replyTo":"","text":"best to pay cash for an older used truck then to make a payment but if you do lease it is 100% tax deductible we're making a loan payment you have to depreciate the truck over time and in an owner-operator situation you need as many tax breaks as you can possibly get but definitely better to have your own authority Motor Carrier number. Number which altogether only cost about six hundred $700 then to be beholden to someone else and working under their Authority","replyToPid":0}

114159

{"replyTo":"","text":"15 % is a rip-off. \nBetter Under your own authority if you set your goal for long run maybe expanding if market is right.","replyToPid":0}

771835

{"replyTo":"","text":"Absolutely not. If you can do it with out leased on then go that route. ","replyToPid":0}