Owning vs Leasing Commercial Vehicles. What's better and why?
I've heard the plusses and minuses of both these. From the higher level CEO's I've heard talk on the subject, they basically say never buy a vehicle in the company name. I've done both. My first two vehicles - one is a 2016 Tacoma and the other a 2020 ford transit connect. The Tacoma has been a work horse. No problems. The 2020 transit, I bought an extended warranty on. The transmission needed replacing while it was under warranty BUT the warranty company fought me tooth and nail on replacing. Fortunately I was able to convince them to but if not, I would have been on the hook for $10k AND still owed like $15k on it. No Bueno. THen I leased a bigger Ford Transit. This I did through a company called Jump Spark. They rolled the wrap, the upfit and the lease payment all in one then leased me the vehicle. I think technically they are the ones that own it. It was like $2k out of pocket and I pay $1300 per month for 60 months. So definitely a higher cost but I have the option to trade it in after a couple year. I feel like if you never have repairs, buying would be the way to go. How do you all feel about this?You Quit Your Job to Start a Business — So Why Gamble on a Used Truck?
Everybody says the same thing: “Just buy a used truck, it’s cheaper.” Yet, That same truck breaks down 3–6 months later. Now your jobs are delayed. You’re borrowing vehicles from your spouse or rental. You’re stressed out and behind on bills. And suddenly the “cheaper option” is costing you way more. Here's my personal take: You quit your job ... You are betting 100% on yourself, to care for your livelihood. If you’re betting your whole future on this business — why risk it with a vehicle that might leave you stranded? I hate blaming others, or the lack of accountability. So if I can control one variable — like my ability to show up to the job, that will pay me for my services... I’m going to do it. But that's just my opinion. My hot take, What do you all think? I created this visual for myself to follow and share whenever anyone is deciding to get a vehicle.Maintaining Your Equipment: Tips & Tricks from the Pros”
As a business owner, keeping your equipment in good shape is key to staying efficient and reliable. I’ve learned that regular maintenance and knowing when to upgrade or replace tools can save a lot of headaches down the road. What are some of the tools or equipment you can’t run your business without? And how do you keep track of maintenance or repairs?”* Maintaining your equipment is essential for keeping your business running smoothly. Over the years, I’ve learned that regular maintenance and staying on top of repairs can prevent costly breakdowns and delays. Some of my go-to tips are scheduling monthly check-ups, keeping track of warranties, and having a solid backup plan for when equipment goes down unexpectedly.
