Leasing my Dream Truck

Discussion in 'Trucks and Trailers' started by turfquip, Dec 29, 2001.

  1. turfquip

    turfquip LawnSite Senior Member
    Messages: 860

    Hopefully in my future is what I see as the ideal 'scapers' truck for my particular set of circumstances.

    I'm thinking about selling my 96 F-250 4 X 4 and leasing a larger truck for my two man operation. Of course, I'm talking about an F-550 :eek:

    Ideally a diesel...manual or automatic doesn't really matter. Not sure which tranny would be better though :rolleyes:

    What would the typical lease terms be on a this truck w/12 foot non dumping stake side or flat bed?? I'd possibly add a hook lift to it aftermarket then take it back off at lease return.

    Better to lease the truck with the hook lift attached?

    What is the preferred way to set up the truck and get it financed?

    Thanks as always!

    MATTHEW LawnSite Senior Member
    from NE OHIO
    Messages: 665

    If you have the dealer work up a truck like this and you want to lease it- you are going to pay! Can I guess $900/mo????
    They may void the warranty if you lease a basic setup and add the extras yourself.
    I guess the answer to the question depends on how much cash you have at your disposal.

    Yes... that would be a serious truck though.
  3. cat320

    cat320 LawnSite Senior Member
    Messages: 823

    Your best bet would be to lease the truck then buy the hooklift.Why you ask? when you put mega miles on your truck and are ready to start again it will cost you and arm and a leg to set up again plus you have the boxes that fit it.A lumber co around here does that with there trucks they lease there macks and put ther old bodies back on that are already payed for they have been doing it this way for a while and it's been working for them.
  4. Pauls Mowing

    Pauls Mowing LawnSite Member
    Messages: 207

    A lease is the worst way to go, buying is much better. You lease a really spendy truck, you'll pay through the nose for it. The hook lift is a spendy item, too. Unless you have plenty of cash to burn, there are a lot of less expensive ways to do the task at hand. I hope you really think this one through.

  5. Live2ride

    Live2ride LawnSite Member
    from iowa
    Messages: 20

    Personally, I'd check with my CPA. See which way he'd recommend. Just taking into consideration the Deprecation aspect as well as business expense he may have some input. Also, would be a nice asset on the business to own. Just my .02 worth. Let us know what u decide! Nice truck.:cool:
  6. thelawnguy

    thelawnguy LawnSite Silver Member
    Messages: 2,411

    Why such a heavy GVW without benefit of a dump hoist, or even a liftgate? Dont go paying for something you wont ever use.
  7. turfquip

    turfquip LawnSite Senior Member
    Messages: 860

  8. thelawnguy

    thelawnguy LawnSite Silver Member
    Messages: 2,411

    "What would the typical lease terms be on a this truck w/12 foot non dumping stake side or flat bed??"

    This is what threw me. Why bother if youre gonna put a swaploader on it?
  9. bob

    bob LawnSite Platinum Member
    from DE
    Messages: 4,260

    Get a dump! Imagine doing a large clean up job when its 90 degrees outside. Drive up to the landfill and either unload by hand or push a button to dump. Talk to your CPA about leasing or buying. Also look for a used vehicle.
  10. landscaper3

    landscaper3 LawnSite Bronze Member
    Messages: 1,354

    F550 4x4 diesel around $550.00 2wd or 4wd for aroud $650.00 only guessing! we lease all our equipment through Telmark leasing it does save you money at years end with 8-12 leases in our case we save over $8,000.00 a year over loans and our leases the equipment is ours at lease end for 10% of purchase price plus 100% tax deductable!!!! www.telmark.com

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