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  #11  
Old 11-15-2012, 07:18 AM
ringahding's Avatar
ringahding ringahding is offline
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Make payments to own.

Leasing is actually beneficial for larger companies with serious fleet action, multiple divisions or just plain killing it in one division. The fact is when the lease ends, you will be very disappointed at the amount owed on the vehicle. So I just say make those payments.

Regardless if you are purchasing another vehicle at the end of the lease from the dealer, they may try to add damage charges(scratches, seats, etc.), plus you have to keep your on the mileage.

Nothing like working hard and having something to show for it! Buy it brotha!
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12 Ram 4500 Diesel Dump
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05 F350
04 Chevy 3500
04 F350 Diesel
4 60" Toro Zmaster/Lesco 48"
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Hiniker 9'6" V-Plow
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  #12  
Old 11-15-2012, 07:59 AM
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Efficiency Efficiency is offline
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Have you ran the numbers for a used vs new scenario? Ive found that we typically come out a head when we buy used fleet vehicles after the big guys are done with them. We are going to come out even further ahead next year when we build another barn with our own service bay and hire a night mechanic at his hourly rate vs shop rates.

We just got an old brickman truck w 55k on the clock for a bit over 10k. Dump truck before that came from TGLC for a song and dance. The trick is you have to have cash and be ready to pounce when they come up.

My advice is this: make up your mind about which camp you are going to be in - new or used and stick to it.
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  #13  
Old 11-15-2012, 08:32 AM
ringahding's Avatar
ringahding ringahding is offline
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Quote:
Originally Posted by Efficiency View Post
My advice is this: make up your mind about which camp you are going to be in - new or used and stick to it.
Agreed! Either way you go man, just focus on owning it...good luck brotha!
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12 Ram 4500 Diesel Dump
08 F250
05 F350
04 Chevy 3500
04 F350 Diesel
4 60" Toro Zmaster/Lesco 48"
3 8'2" Boss V-Plows
Hiniker 9'6" V-Plow
20' Enclosed trailer/16' Open trailer
18' Skid Loader Trailer
2012 S185 Bobcat 2-Speed


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  #14  
Old 11-15-2012, 05:34 PM
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Bunton Guy Bunton Guy is offline
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Location: charlotte nc
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Anyone purchase a truck in their company name? I haven't been the best with reporting huge company gains. My bank statement tells the tale but my tax returns don't look good to the dealership. Not that getting a truck in the company name would help....but is it any easier? no established company credit
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  #15  
Old 11-15-2012, 05:42 PM
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jrs.landscaping jrs.landscaping is online now
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Quote:
Originally Posted by Bunton Guy View Post
Anyone purchase a truck in their company name? I haven't been the best with reporting huge company gains. My bank statement tells the tale but my tax returns don't look good to the dealership. Not that getting a truck in the company name would help....but is it any easier? no established company credit
No credit means no credit, no matter what name you put the loan under. I'd really look into what Efficiency said, or even lease returns from companies like Ryder or Penske.
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  #16  
Old 11-15-2012, 07:09 PM
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Efficiency Efficiency is offline
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All our trucks and trailers are owned/titled to the business. I paid some expensive lawyers to decide that as they tell me its best for liability issues.
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  #17  
Old 11-15-2012, 07:11 PM
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Efficiency Efficiency is offline
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When you say your tax returns dont look good, do you mean you lie and under report or take significant cash amounts? If so, shame on you. Youre getting your just deserts now.
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