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Discussion in 'Lawn Mowing' started by justmjc, Nov 18, 2003.
Anyone leasing a newer truck for the biz? What are your opinions on this?
always have and always will,benefical to my company to have new trucks every 2-3 years,not that the deduction is any better but it works for me...
Pros- Always under warranty
Tires last for the whole lease (usually)
write off the whole payment
Cons- No equity build up
can't customize to you needs
I leased three trucks in a row and then finally bought my last one, I bought an extended 100,000 mile warranty on it and am looking forward to owning it free and clear in 5 years. Then I will give it to the lawn crew and buy myself another new one.
hey CNYScapes where are you located in Central New York?
Im in Clay, by the great northern mall, most of my work is in liverpool
I stand on the roof of the truck to trim palms, scratch it while loading it, ect. I dont think leasing is for me.
Here is a post that is similar.
Leased Vehicle tax claims
A company in this area goes through Hertz auto rental for all their trucks. Seems to work well for them although they constantly are returning trucks for service---the powerstroke fords apparently go through automatic trannies and brakes. Must be nice to just return the truck and get a replacement when something breaks.
I leased a new truck 5 years ago and won't ever lease again. Maybe it was just a bad experience for me but they charged me originally over $3000 when I turned it back in. A few stains in carpet and headliner, leather steering wheel was wore, leather seats showed wear, basically anything they could find. I was over on miles too. I got them talked down to about $2200. Never again for me. I put on too many miles for one and like someone else said, you can't customize your truck to your needs. I know leasing has its pros too so I'm not saying it's a bad idea. I think I just like the idea of ownership and paying on something that I know I can keep in 2 or 3 years.
I leased a Dodge Ram once, went over on my mileage and had a dent in the extended cab, not a big one mind you , and they ended up charging me $9000.00 . On top of that they wouldnt let me take my CD player out or my hitch off.