Question About Lease/owner

Hi all. Everything I have read on this forum about leasing tends to say, "Run away as fast as you can!". I understand the reasons put forth and I surely do agree. But what about a straight purchase and then contracting to a company? Assuming someone has the funds to purchase a truck outright, is there a greater potential to make a better annual salary? I realize there are many variables. If you bought a truck that immediatly caught fire and burned to ashes, well then you would be sceeeroooed. But say you bought a used truck that gave you a million good miles. Any opinions would be greatly appreciated.

Cheers,

Papa-G

Even if you bought a truck outright you still have repairs, tags, business registry, truck registry, getting relevant information printed on the truck doors, sometimes fuel, trailer rent or purchase, truck washing, inspections, general maintenance like fluids, property taxes on the truck in some places, business taxes, lawyer and accountant fees (unless you plan on learning business law and accounting). So, you'll pay less due not leasing but you're not going to get a million miles out of a truck without handling everything else that goes into it.

Even if you bought a truck outright you still have repairs, tags, business registry, truck registry, getting relevant information printed on the truck doors, sometimes fuel, trailer rent or purchase, truck washing, inspections, general maintenance like fluids, property taxes on the truck in some places, business taxes, lawyer and accountant fees (unless you plan on learning business law and accounting). So, you'll pay less due not leasing but you're not going to get a million miles out of a truck without handling everything else that goes into it.

Realist, thanks for the reply. I appreciate the information, and I do understand that with any business there will be expenses. But the big question is, do the benefits justify the expenses. Of course there will be some un-quantifiable variables such as pride of ownership, freedom from forced dispatches, freedom from forced routing (which appears to be calculated by a gaggle of idiots who have never driven more than 5 miles from their homes), etc.. But for now I am just curious.... Is it possible to make more money Owning your tractor and contracting it out to a trucking company? Or, is it only possible to make more money if you own multiple tractors?

Again, thank you for your comments Realist. I am going to work up a complete business plan and the tems you described will help me get started.

Cheers!

Even if you bought a truck outright you still have repairs, tags, business registry, truck registry, getting relevant information printed on the truck doors, sometimes fuel, trailer rent or purchase, truck washing, inspections, general maintenance like fluids, property taxes on the truck in some places, business taxes, lawyer and accountant fees (unless you plan on learning business law and accounting). So, you'll pay less due not leasing but you're not going to get a million miles out of a truck without handling everything else that goes into it.

Realist, thanks for the reply. I appreciate the information, and I do understand that with any business there will be expenses. But the big question is, do the benefits justify the expenses. Of course there will be some un-quantifiable variables such as pride of ownership, freedom from forced dispatches, freedom from forced routing (which appears to be calculated by a gaggle of idiots who have never driven more than 5 miles from their homes), etc.. But for now I am just curious.... Is it possible to make more money Owning your tractor and contracting it out to a trucking company? Or, is it only possible to make more money if you own multiple tractors?

Again, thank you for your comments Realist. I am going to work up a complete business plan and the tems you described will help me get started.

Cheers!

Only if you get to pick your own freight. If you are dispatched you are at the mercy one of those idiots that have never driven more than 5 miles.

It all depends on the trailer you have. We make money because we have more trailers than trucks. I am talking we have everything except boxes and refers but I believe we have one of each of those for the towing and recovery side of the business. You can make money if you find your own customers.

Now you are going to hear all about the 3% margin the big companies are making but yes you can make money with one truck. After all expenses, including the drivers pay, you can have money left over.