ENTERPRISE - Renting vs Buying

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Load Mizer

Load Mizer

3 жыл бұрын

In this video I'll cover my decision to stick with Enterprise this go around after debating for long while about buying a truck. After a lot of back and forth and number crunching I chose to stay with the rental for now!
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Пікірлер: 330
@johncapital4752
@johncapital4752 3 жыл бұрын
This is what I want to know about the business. Someone that has been down that road. Now he is paving the road so others don’t make that mistake. This guy is real and lived it people! Not looking for views on KZbin. Love the videos straight shooter no bs.
@michaelparrella8739
@michaelparrella8739 3 жыл бұрын
yes
@rctjacksonville
@rctjacksonville 3 жыл бұрын
We use older trucks and buy extended warranties on them up front. Our policies cover a rental while our trucks are in the shop, so no real down time.
@LoadMizer
@LoadMizer 3 жыл бұрын
That’s a smart move there. 👍
@azaelramos8213
@azaelramos8213 3 жыл бұрын
Other than enterprise, who else would have a dually pickup readily available in your situation?
@gcarless9578
@gcarless9578 3 жыл бұрын
@@azaelramos8213 Only Enterprise.
@worldwidewarner2898
@worldwidewarner2898 3 жыл бұрын
Makes sense!!!!!!
@David-td5po
@David-td5po 3 жыл бұрын
And when they got you with the "there are no avaliability pickups in your area" then what do you do? Because 3500 with a 5th wheel hitch are usually not.
@evanthatrashman8260
@evanthatrashman8260 Жыл бұрын
I needed to hear this, my grandfather always told me don't be ashamed to ask someone directions to a destination you want to get to and where he has already been!
@magnet8170
@magnet8170 9 ай бұрын
That’s a great one! I will definitely save it
@Shawn_Richards
@Shawn_Richards 3 жыл бұрын
Great information and insight right here folks. Pay attention, take notes and watch this video with an open mind. There's something in here for everybody to learn no matter what your situation is. I love the way you do things man. Simple, honest and you keep it real. No unnecessary glitter and fame, just good useful information, every single time. 👌🏼 Congrats on your success and congrats on 10K subscribers! And your intro and outro have always been killer!!
@wattermelon1510
@wattermelon1510 2 жыл бұрын
Thanks again man. You pack in the knowledge and answer a lot of questions for us looking to get into the business. Keep on trucking.
@HM-pl2ns
@HM-pl2ns 3 жыл бұрын
Appreciate your transparency
@2020HotShotTruckingLLC
@2020HotShotTruckingLLC 3 жыл бұрын
Good info! Everyone's situation may be different...it's important to consider all aspects before deciding one way or another. And as situations change, you may need to reevaluate your choices. I'm using a 1999 F350...my 2nd one. I'm hoping for a semi someday...time will tell. Stay safe and keep the videos coming!
@jerrykuster7672
@jerrykuster7672 3 жыл бұрын
Excellent points and very well presented. Wishing you continued success!
@Bobster110551
@Bobster110551 2 жыл бұрын
Thank you so much for this video! I am at that crossroad right now and trying to figure "what's wrong with leasing?" Thanks again for keeping it real!
@decypheryt3159
@decypheryt3159 2 жыл бұрын
Man, thank you. I'm stepping off the semi to start a hot shot business and I've been binging on your videos. I just about made an $80k mistake & bought my own truck. So, again, thank you!
@timhuggins8174
@timhuggins8174 2 жыл бұрын
First off I’d like to say I do enjoy your video’s. Your straight to the point and seem to be honest and very genuine. I was running under someone else for a few months, non CDL and now I’ve applied for my own numbers. I’ve driven trucks all my life, I’m 55 years old. I’m a strong believer in preventive maintenance. Definitely not always but I bet it’s as high as 80 to 90 percent of the time that truck will give you some kind of sign or slight noise or something that something needs some attention. I’ve put more then 300,000 miles on more then 2 or 3 trucks and knock on wood I’ve not been stranded on the side of the road much at all in all my years of driving. Just my input on this. Not saying the enterprise thing is bad but paying close attention to your vehicle may save some people a little money.
@combatvolta
@combatvolta 3 жыл бұрын
Seeing you talking like this made me decide going with the rental.Thanks
@steves9600
@steves9600 3 жыл бұрын
Cant argue with truth and facts . I've watched some of these other youtubers really struggle to do it all themselves. 👍
@stlcaring
@stlcaring 2 жыл бұрын
Yeah the 33k in maintenance account was all I needed to hear. Very Informative.
@ipaxton
@ipaxton 3 жыл бұрын
Very informative video and what you stated about your bankruptcy is the reason I never became a owner op when I was driving truck. I wanted to but I didn't have that extra capital.
@calvincorbett478
@calvincorbett478 3 жыл бұрын
You nailed it there near the end. To each his own everyone has there own financial situations. You can run the numbers all day long but in the end there your numbers, it’s what works for you. I have a 2020 Ram with 100lk plus , I own it and it works for me. Peace out!
@LoadMizer
@LoadMizer 3 жыл бұрын
That’s just it. I’m not putting these out as set in stone instructions. These are just hows and whys of what works for me and highlighting things to consider. 👍
@roberttheus9090
@roberttheus9090 2 жыл бұрын
This is good information because i am a disabled veratrin and I need to find out other ways of generating my in come and I have an interest in the business. Tank you for you time brother
@richardmoore3542
@richardmoore3542 3 жыл бұрын
I called Enterprise today to check on their rental program. The local guy said that you had to go through the Elkhart Enterprise they're the only ones that least dually trucks. He also mentioned that Enterprise is talking about doing away with the dually program because they're depreciating the truck so fast. Just letting you know what I found out today.
@raymondstokes7922
@raymondstokes7922 2 жыл бұрын
This brother always gives you the meat and potatoes in hot shot trucking. Thank you for sharing your personal knowledge and experiences..
@LoadMizer
@LoadMizer 2 жыл бұрын
Absolutely man, imagine where we’d be if we all helped each other
@maebones4339
@maebones4339 3 жыл бұрын
Good info LM......always enjoy the videos...stay safe:)
@CyberDwing
@CyberDwing 3 жыл бұрын
Thank you for the honest facts and opinions
@tonym9220
@tonym9220 Ай бұрын
Awesome advice. Thanks so much!
@Sofargone369
@Sofargone369 2 жыл бұрын
Thank You..these are ALL Facts no beating around the Bush
@mikegoens2128
@mikegoens2128 3 жыл бұрын
I am really liking your videos. I like how you say how it is the good and the bad. I am still preparing and craming in all the info while I wait for my truck and trailer both are on order and around 12 weeks before they get here. It's crazy Noone even has a truck on the lot. Enterprise called me and has a truck for me in 2 weeks for rent but can't find the trailer so it's on order
@LoadMizer
@LoadMizer 3 жыл бұрын
It’s a mad dash sometimes but it’s a great way to make money if you can get it all figured out. Good luck to you man! 💪👍
@vargas.smokes2098
@vargas.smokes2098 3 жыл бұрын
I respect this video so much! It’s not about the truck it’s about the TOOL to get the job done! I’m going to brainstorm some possible solutions for me to be able to sell you a truck! GREAT CONTENT!
@dragofloyd8765
@dragofloyd8765 2 жыл бұрын
This is smart , and I feel him.
@danieltrue4278
@danieltrue4278 3 жыл бұрын
Thank you for this video.
@corkyhoffstetter4389
@corkyhoffstetter4389 3 жыл бұрын
Great video keep up the good work.
@Ireland-bc2gx
@Ireland-bc2gx 2 жыл бұрын
Great video I have done this many times when working out of town rent a truck or van your right it's a tool to make you money 👍
@martincordell6676
@martincordell6676 3 жыл бұрын
Thanks for ALWAYS BEING (REAL)!!!!
@Dvazztrucker
@Dvazztrucker 2 жыл бұрын
Many major companies lease. And you are spot on with down time
@priusrepellent
@priusrepellent 3 жыл бұрын
Haters always gonna hate, people are always gonna tell you what they did, so just keep doing you man! That’s all you need to do. Document the journey, and the ones who find it important will follow and learn as well, the others will just be internet trolls! Good video!
@LoadMizer
@LoadMizer 3 жыл бұрын
Thank you 👍
@familycool9976
@familycool9976 3 жыл бұрын
Thanks for all the information bro...!
@ORIGINAL__ONE
@ORIGINAL__ONE 3 жыл бұрын
Thanks for the advice
@cmvdriver
@cmvdriver 8 ай бұрын
Thank you for sharing this information. I am currently in a CDL training program and I am looking at driving for a company or for myself. The cost of running a trucking company has me leaning to being a company driver, but if renting a truck could save money in operation cost, it may be worth it. I would really enjoy being in business for myself. Seems like renting a truck solves a lot of down time issues due to truck break down. There is a lot learn still. Thanks!
@newtuber6100
@newtuber6100 10 ай бұрын
Yup! I do this now I hope all is well with you and you’re business.
@ralphhimenes2377
@ralphhimenes2377 Жыл бұрын
Thanks for the perspective.
@geriatricginger
@geriatricginger 3 жыл бұрын
Good info, as always, brother..
@aaronjaggers3117
@aaronjaggers3117 2 жыл бұрын
This is good advice . Very smart . Rent that bad boy and run like the wind , stack up cash and let enterprise pay for the vehicle
@ezlink4you79
@ezlink4you79 3 жыл бұрын
Very helpful video!!! Thanks!!!
@DroptineTrans
@DroptineTrans 3 жыл бұрын
That number..... “able to replace everything” .... that’s what I’ve been trying to figure out. Keep asking myself when can I relax!!! You can’t if you own the truck..... I totally get what your saying 100%
@LoadMizer
@LoadMizer 3 жыл бұрын
It seems like just when you think you can relax...everything starts to break 😂
@ko9446
@ko9446 3 жыл бұрын
I run a 45’ 5100 gallon tanker hauling brine. The company I work for owns the trailer but leases the tractor from Ryder. Being a retired equipment mechanic I was thinking the company was completely off base with this. My boss talked to me about it. We are in the water conditioning business, not the truck maintenance business. Our lease covers all maintenance, all tire repairs and towing (even trailer TP). If my truck is down more then 5 hours I get a loaner. I can see why they go this way now. Sometimes a piece of mind and your company able to concentrate on what they do is worth a few bucks a month.
@LoadMizer
@LoadMizer 3 жыл бұрын
Your company isn’t alone there. There are a ton of fleets that operate that way.
@1dva4life
@1dva4life 3 жыл бұрын
Great video! Thanks!
@landmanhall
@landmanhall 3 жыл бұрын
This is exactly what I was thinking! I'm just starting out and one huge repair bill with a long downtime would end the job for me. Once I got some money saved just for the unexpected, maybe Ill reconsider buying. As the business owner, my main concern would be the cost versus benefit numbers. The truck becomes an asset when it provides you with more income than expense. I would love to see a cost comparison over 1 year or more of both owning and renting including any downtime for repairs. I wonder how much of a difference the lack of an auxiliary tank would be?
@jasonbourne1596
@jasonbourne1596 2 жыл бұрын
I currently have a factory job lined up, it pays pretty good, up to over $1600 a week, I tour the plant Friday and talk to the plant manager. My plan is to work there, buy and older truck and go through it, make sure it's mechanically sound, but a new step deck, save for everything I need to start the MC and get started, and, and this is the important part. Save enough to cover me incase I do break down and have a big repair bill for a long length if time. Then when gas prices are sane again I'll probably start doing this then. An old truck is just as reliable or more than these new trucks, especially if you rebuild the engine and refresh the parts that will probably give you down time.
@Hall7180
@Hall7180 3 жыл бұрын
Love the honesty as always Ricky, give it to em straight. At the end of the day these trucks are tools of the trade Semi or Hotshot so if the method you're using works for you and makes you a good profit why change it? Keep the wheels turning and stay safe man 👍 👍 😎.
@LoadMizer
@LoadMizer 3 жыл бұрын
That’s right. It’s so simple that it’s actually complicated to explain lol
@Hall7180
@Hall7180 3 жыл бұрын
@@LoadMizer It's easy for people to complain and pass judgement from behind a computer or cell phone screen, the game changes when you're out here grinding everyday.
@LoadMizer
@LoadMizer 3 жыл бұрын
It’s starting to not get to me as much anymore lol.
@deepsalt2427
@deepsalt2427 3 жыл бұрын
Great info TY
@ironmule5200
@ironmule5200 3 жыл бұрын
Thanks for sharing not only what you do but also for sharing the insight from your own real world experiences as to why you make the decisions you make and why those decisions work for you!!
@LoadMizer
@LoadMizer 3 жыл бұрын
That’s what I wish more could see. These aren’t theories I have or something I can make look good on paper. This is experience. I’ve made a ton of mistakes. I’m still paying for some of them. Just trying to show people how to avoid the hard road lol
@ironmule5200
@ironmule5200 3 жыл бұрын
@@LoadMizer Million Billion thanks!! haha
@toddone2913
@toddone2913 3 жыл бұрын
Load Mizer thanks for the video I notice a lot of these YOU tube HOTSHOT guys turning in their trucks and trailers & getting Semi Trucks a lot more money and a lot more issues stay SaFe SiR!!!
@robertesposito9871
@robertesposito9871 3 жыл бұрын
He makes a lot of sense
@JoseRodriguez-et6eu
@JoseRodriguez-et6eu 3 жыл бұрын
I carry a computer diagnostic at all times sensors and hoses stock up on the common parts that go bad on whatever truck you have I know Cummins always has egr and vgt failures also that knox sensor
@TheLegendaryt2
@TheLegendaryt2 3 жыл бұрын
At the end of the day everybody's going to have their own opinion and that's what his video is about, his opinion. We all are open to taking his advice or not taking his advice. I'm still partial on leasing because I want a mega cab or I want a 4500 which Enterprise does not offer but I'm still doing my research and weighing my options.
@LoadMizer
@LoadMizer 3 жыл бұрын
That’s it. This industry has to be custom fit to each individual person in order for it to work. My videos for the most part aren’t a guideline set in stone. It’s just what works for me. Everybody has to do their own research. My vids just help highlight what to consider 👍
@jasoncoley572
@jasoncoley572 3 жыл бұрын
One thing to think about as well depreciation. If I buy a $75,000 on a truck what will it be worth in a year with 75,000 miles on it? I'm thinking you will lose about $30,000 at best case maybe more. If you do the math that would cost you $2500 per month that you most likely will be paying for in more ways than one. Thanks for the video it makes my choice clear..
@wriders7643
@wriders7643 2 жыл бұрын
Thank you for the video
@demondriver5151
@demondriver5151 3 жыл бұрын
I was just about to buy a sweet ram 5500... been on the fence about leasing, but you have me convinced now 👌🏻
@LoadMizer
@LoadMizer 3 жыл бұрын
Definitely weigh both options down to the penny. Hopefully this just helped you see renting isn’t really the expensive money pit some view it as. It has its pros and cons but so does purchasing one. 👍
@demondriver5151
@demondriver5151 3 жыл бұрын
So I’ve learned that the only enterprise that does that leasing program is in Indiana and they have the program on hold rn... there’s a waiting list til august
@LoadMizer
@LoadMizer 3 жыл бұрын
I’ve contacted 2 other branches in 2 other states about it. They’re not going to be large scale but there are others that offer a long term truck rental. You’ll just have to call locations.
@wandelesosa7030
@wandelesosa7030 3 жыл бұрын
@@LoadMizer can you please tell the other location, I'm looking for rent. thanks
@lammy9733
@lammy9733 2 жыл бұрын
Good info, thanks
@azhauling4109
@azhauling4109 3 жыл бұрын
FACTS! I was down and pretty much had to go out and get new truck in order to keep going! And DAMN they didn’t even put some tints on the back windows!!! 😳 these trucks are really an “enterprise special order” they called Ram and put the BARE BARE basics in those trucks!
@LoadMizer
@LoadMizer 3 жыл бұрын
It’s sad really considering what these are meant to do. Not really the hotshot game but most of these trucks go to drivers pulling RVs
@timallbritton3716
@timallbritton3716 3 жыл бұрын
I have been in business for a lifetime and I can guarantee that you will grow your business to any size that you desire because you have the head for business. Most successful people in business have been through bankruptcy and have used that experience to make better decisions in the future. I can see that you are a fast learner and a stickler for detail, you will be whatever you want in the future...
@LoadMizer
@LoadMizer 3 жыл бұрын
I appreciate that a lot. The bankruptcy experience was one I will never forget and also one I will never intentionally repeat. I learned more from failure than I ever would have imagined about business sense. That’s why I’m choosing to grow my freight base instead of my fleet. I have no need for more trucks if I can’t feed them freight directly.
@CFarmer
@CFarmer 11 ай бұрын
Great Video! Thank ya sir
@nomadic-brit
@nomadic-brit 3 жыл бұрын
Great video Ricky methodical as ever 🇬🇧🇺🇸👍
@LoadMizer
@LoadMizer 3 жыл бұрын
Thank you sir!
@janky831
@janky831 3 жыл бұрын
Hey bud, thanks for that advice! I'm moving from where I live to Indiana with my wife and trying to decide once I get there, stay working as Caterpillar technician or get into hotshot/semi trucking... buying or leasing... If there's something you could tell me to help me decide or see what I should do?
@nutritiousnard1385
@nutritiousnard1385 2 жыл бұрын
Thank you saved me thousands🙏
@deantk4214
@deantk4214 3 жыл бұрын
I have a bazillion questions on this one. Starting with this, do you do a multi year lease through Enterprise Fleet Services or are you doing long term rentals through their truck rental side?
@bryonsusedautos
@bryonsusedautos 3 жыл бұрын
I would like to see the actual cost and break down If you drive 350-400 so say 375 a day 5 days a week so for the month that would be 7500 miles
@evarflorendo1989
@evarflorendo1989 3 жыл бұрын
Well said brother
@christopherjames1210
@christopherjames1210 Жыл бұрын
I love his honesty…if someone admits they have bad credit and a bankruptcy, I can trust this person
@LoadMizer
@LoadMizer Жыл бұрын
As long as nobody gets hurt, bad decisions are the best lessons if you can recognize and learn from them 👍
@Shawn_Richards
@Shawn_Richards 3 жыл бұрын
11:45 mark. Bam! 👊🏼 Cold hard fact!
@user-co9cr5iz8j
@user-co9cr5iz8j 11 ай бұрын
How many miles do they allow you? Thanks for your videos. I’m new to this and learned a lot from you
@donaldhardy1845
@donaldhardy1845 Жыл бұрын
Which enterprise location did you use boss There only seems to be 1 or 2 in the country that still offer hotshot programs through enterprise Looking at all my options Thanks for all the helpful videos
@kingsolo7959
@kingsolo7959 3 жыл бұрын
I'm going through it right now going on 2 weeks waiting for parts but I work on my own stuff n I can afford parts thank God.
@LoadMizer
@LoadMizer 3 жыл бұрын
That’s a major benefit man. Diesel mechanic is not even almost my specialty lol. If it had a heart and lived in the woods I could drop it with a bow from 55 yards without hesitating but that doesn’t help me much out here on the road 🤣
@kingsolo7959
@kingsolo7959 3 жыл бұрын
@@LoadMizer lol be safe out there
@AaronDbs
@AaronDbs Жыл бұрын
What you think about the cyber truck will it for towing 2 cars tesla claims 14000 pounds of towing capacity
@LoadMizer
@LoadMizer Жыл бұрын
I think time and distance per full charge would be the key issue under stress like that. 2nd would be recharge time/cost per day
@jeffreyulery2182
@jeffreyulery2182 3 жыл бұрын
Thanks for the pov. What mods can you make to the rental? Aux fuel cell? Box delete? Fifth wheel?
@LoadMizer
@LoadMizer 3 жыл бұрын
From what I was told, as long as it’s back to factory when you return it then you’re good to go.
@mannypereyra4
@mannypereyra4 2 жыл бұрын
I'm looking to enter this industry with my CDL. Do you have a video or information on what number to call to call enterprise and start this process?
@BernieM2819
@BernieM2819 3 жыл бұрын
got my CDL , had some money saved up for truck trailer & equipment but this scared me. It made me want to lease with enterprise but they’ve put a hold on the lease program. Does anyone know other leasing programs out there ? been looking around can’t find anything
@DemsRdisguisedredcoats
@DemsRdisguisedredcoats 2 жыл бұрын
I tried going with Enterprise.. waited over a year, no trucks available. Finally 3 months ago, just went and bought one. Bought more truck than I needed to hedge my bet against wearing it out so quickly. Am now the owner of a 2020 Ram 4X4 chassis cab 4500. 21K miles so far, fingers crossed 🤞
@LoadMizer
@LoadMizer 2 жыл бұрын
I need a chassis cab so bad lol
@EVERYTHINGSEVERYTHING
@EVERYTHINGSEVERYTHING 2 жыл бұрын
How are repairs after a few months
@grovesiderabbit
@grovesiderabbit 3 жыл бұрын
How can I lease a truck? I tried looking online but seems like it's not an option or maybe I'm not looking correctly. I'm in Texas. I saw some other video of someone mentioning a number and person to call but not sure if that's a good choice.
@SemperFi1971
@SemperFi1971 2 жыл бұрын
Great Video! Thanks for sharing with us. One question, once you get your lease, and lets say in a few months, you feel this was not for you, can you turn in the lease without repercussions?
@LoadMizer
@LoadMizer 2 жыл бұрын
You sign a 12 month contract for a long term rental and if you turn it in early it’s 11% of the base rate for each month not used. It actually isn’t bad. Phone plans gig you for more than that lol.
@SemperFi1971
@SemperFi1971 2 жыл бұрын
@@LoadMizer LOL, Thank you Load Mizer for your prompt response. I agree with you that leasing is the best option. Be safe out there and may almighty God keep you and your family safe!
@JD2.0N54
@JD2.0N54 Жыл бұрын
Good morning. Do you have to info on how to get a truck from enterprise. I have been calling their local office, but they have no idea what I'm talking about.
@hotshotal8540
@hotshotal8540 2 жыл бұрын
I just talked to enterprise today and for a month the truck is 2533.20 for the month to month with 3000 miles so I told them I'll do 6500 all together so they adding 3500 x .22(per mile) and bought that total to 3300 so that would be the monthly cost for the truck. Plus the 1000 deposit.
@BrandonLeech
@BrandonLeech Жыл бұрын
$3300 per month? ROFL. Time to just go get a $70-80k/yr trucking job and leave this owner op bullshit alone.
@riotthechosen1
@riotthechosen1 3 жыл бұрын
Can you tell me about any other rental companies besides enterprise rental?
@Mr.BlueAltitute
@Mr.BlueAltitute Жыл бұрын
How did you get your authority connected to the enterprise rental? Im trying to get mine but all the things i need enterprise has it ?
@ggagoots
@ggagoots 2 жыл бұрын
I'd.love to know, on average, how many miles are you or other hot shot truckers running every month? I mean if it's 3k a week (is that realistic?) Then that's 152k miles a year....so a truck will last like 2 years? And they're like 80-100k....am I missing something?
@GamingwithGamerGirls
@GamingwithGamerGirls 3 жыл бұрын
Just like racing....if you can't afford to blow it up, you can't afford to race it
@krishogan9709
@krishogan9709 Жыл бұрын
Dose all cost for repairs including tires come from enterprise?
@lambillc2897
@lambillc2897 Жыл бұрын
Thank you for opening up. I am about to get started on leasing a truck from Enterprise. Any way I can reach you on the phone for more insight?
@danield8378
@danield8378 3 жыл бұрын
Does it cost you anything if you break down while renting from Enteprise? Getting a tow back to home base?
@LoadMizer
@LoadMizer 3 жыл бұрын
The truck would be covered to tow. You’d most likely be responsible for the trailer. Not sure though I haven’t broken down.
@ericredman5210
@ericredman5210 3 жыл бұрын
So how is that triple axle trailer treating you? used to a tandem dual just seeing how it handles and wear and tear
@LoadMizer
@LoadMizer 3 жыл бұрын
I haven’t had any issues out of it but it just seems so weak on turns and hitting bumps in the road. Holding up surprisingly well. I’d still much rather have dual tandems.
@GusgusA1
@GusgusA1 11 ай бұрын
tent or lease from Enterprise?
@sashaj6104
@sashaj6104 Жыл бұрын
I would love to know if they offered you the multi year lease or long lease term discounts cus my boxes are about 2400 a month not including mileage. I agree I love that I have maintenance included but I think I can do better on the price of 8k for three box trucks. Thanks for your help!
@TerryWilliams-rt7gb
@TerryWilliams-rt7gb 7 ай бұрын
Hey anyway I could contact you with questions about your box truck business ? Looking to get started soon
@user-nb6gz1jm9e
@user-nb6gz1jm9e 10 ай бұрын
who do you rent from, I'm very interested in driving but don't have a 1 ton truck
@MrStrutus
@MrStrutus 3 жыл бұрын
God Bless Load Mizer
@johnjensen6532
@johnjensen6532 Жыл бұрын
Are you still renting from Enterprise is it still good
@tomwilliams9315
@tomwilliams9315 3 жыл бұрын
Can you buy business insurance that covers the time lost during a breakdown?
@LoadMizer
@LoadMizer 3 жыл бұрын
I’ve never heard of that personally but I would assume that in most cases if that were a thing, it would cost more to claim than it would to eat the loss.
@AJourneyOfYourSoul
@AJourneyOfYourSoul 3 жыл бұрын
The enterprise truck doesn’t cost that much more than buying and you are always in a new truck which minimizes the downtime to the absolute minimum.
@AJourneyOfYourSoul
@AJourneyOfYourSoul 3 жыл бұрын
New truck, $1,000 monthly payment for 72 months. $72,000/500,000 miles=$.144/mile Maintenance $.05/mile Repairs over 500,000 miles $.075/mile Total- $.269/mile Enterprise $.22/mile plus down/60,000 miles. I don’t know what the down is but let’s say $5,000 $5,000/60,000= $.083/mile Total -.$.303/mile Leasing costs you $.034/mile to minimize breaks downs to the absolute minimum, always be in a new truck, you never have to work on your truck, and zero risk of buying new and having a catastrophic event out of warranty, such as an engine going at 175k miles and costing you $25k. 10,000 miles a month x $.034 = $340 For $340 a month you get all that. It is a no brainer.
@JohnLee-cb8ez
@JohnLee-cb8ez 3 жыл бұрын
@@AJourneyOfYourSoul add another zero
@AJourneyOfYourSoul
@AJourneyOfYourSoul 3 жыл бұрын
@@JohnLee-cb8ez another zero for what?
@happydayshaulingjunkremova6798
@happydayshaulingjunkremova6798 3 жыл бұрын
Renting is a full deduction at the end of the year? Can you share the tax benefits of renting? What city offers your rates?
@LoadMizer
@LoadMizer 3 жыл бұрын
That’s right? The entire cost of renting can be written off. Another perk is that you can use Enterprise’s physical damage insurance. It’s about $350 per month as opposed to around $800 added to your commercial insurance policy. You also don’t have to pay property tax on a rental.
@Bobster110551
@Bobster110551 2 жыл бұрын
@@LoadMizer I love that answer! I was wondering about it myself.
@hectorsoso2406
@hectorsoso2406 3 жыл бұрын
Do they have auxiliary tanks on the enterprise trucks ?
@LoadMizer
@LoadMizer 3 жыл бұрын
No just the factory tank under the bed.
@mikegoens2128
@mikegoens2128 3 жыл бұрын
If you rent for a year and can pay cash for a truck would the new truck paid off be better in renting in your opinion or just keep on leasing?
@LoadMizer
@LoadMizer 3 жыл бұрын
For me that would depend on how many miles I rack up on it. I’ve already drastically dropped my mileage just by switching to cars. The more local customers I get, the lower that mileage will be. If I can consistently run around 1500 miles per week then I think I’d pull the trigger on buying. That way if something does go sideways I’m never far from home and I can take it to the people that I trust and know the vehicle as well. 👍
@mikegoens2128
@mikegoens2128 3 жыл бұрын
I plan on staying on the road alot with 4 to 5 days home per month. I have nothing holding me to the house so I would rather make money. So sounds like lease is the way to go. I have a 01 chevy dually for a plan be and with having no bills I want to save for a new truck and trailer to leave home regardless for plan b if things go south in a lease or with my trailer. That's if the money can be made to do so. Thanks for the input.
@Greenteam21
@Greenteam21 2 жыл бұрын
So you can put a fifth wheel or a gooseneck in a rental?
@LoadMizer
@LoadMizer 2 жыл бұрын
Yes the 1 tons are set up for it.
@jeremyfreeman866
@jeremyfreeman866 2 жыл бұрын
That stress of constantly worrying about breaking down isn't worth buying
@LoadMizer
@LoadMizer 2 жыл бұрын
The road conditions over the last 10 years have made sure that your equipment most definitely will break. The only question is when.
@brendanoregan4498
@brendanoregan4498 2 жыл бұрын
Hey do you or anyone in the comments know if a company will lease you on if you have a enterprise truck? Cant find that answer anywhere
@LoadMizer
@LoadMizer 2 жыл бұрын
Yes they will. 👍
@jacobcathcart1473
@jacobcathcart1473 3 жыл бұрын
I'm sorry but I disagree I work on all my own vehicles because nobody will care more about my truck than me. Also if your able to put more money away for emergencies then you will be more prepared for something when it does happen. Then I would run to enterprise to rent a 🚚 🚛 🚒 🚚 truck or go buy another one for backup like an older model 🤔. What you say makes sense but everyone is different and has different reasons.
@themanagerray7089
@themanagerray7089 2 жыл бұрын
No bankruptcy. Am able buy new truck & an extended warranty, still ahead of the lease
@LoadMizer
@LoadMizer 2 жыл бұрын
Till it breaks.
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