How to Lease a Semi Truck
Many truck drivers lease their semi trucks.
Figure the cost of fuel, tires and regular maintenance before you lease a semi truck.
Check with the Better Business Bureau to make sure the dealer you are making a lease with is reputable (see Resources). Also, contact a bank or lending institution you are familiar with and trust.
Consider hiring on with an established trucking company that has a lease program. There are many financial positives such as fuel and permit allowances, but the lease is void if you leave the company.
Test-drive the truck you want to buy. If it is used, take it to a certified, competent mechanic to make sure there are no major mechanical issues.
Contact several insurance companies to get the best rate and coverage.
Make a contract arrangement to lease the semi truck on straight time or mileage basis. Find out if the bank or financial institution that owns the equipment has a buyback option after the lease expires.
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