Ryder full maintenance lease

Discussion in 'Ask An Owner Operator' started by Powerslide, Mar 18, 2007.

  1. Powerslide

    Powerslide Bobtail Member

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    Sep 14, 2006
    Canada
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    Just curious, how feasible is it for american o/o's to use a ryder full maintenance lease as opposed to a purchase or lease to own program? I know it would not really work for a high mileage scenario, but specifically for short haul and specialized work. The reason I ask is that up here, I find it considerably cheaper for my city trucks as they include insurance, plates, sub-units and maintenance. Anyone have some experience with this?
     
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  3. trucheral

    trucheral Bobtail Member

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    Mar 14, 2007
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    We have two trucks with a lease program including maintenance. It is all city work that we do. I found it a lot better with the maintenance program. If you have a break down they have a tow truck pretty quick and if you need a replacement truck is there too. I have been dealing with them about 6 years and have nothing to say bad about them. There is another company that you can compare with which is Penskey.
     
  4. heyns57

    heyns57 Road Train Member

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    near Kalamazoo Speedway
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    My employer leases from both Ryder and Penske. My dispatcher told me that Ryder fuel costs 15 cents more per gallon than Flying J.
     
  5. BearGator56

    BearGator56 "The G stands for GOOD!"

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    Apr 11, 2006
    Orlando, FL
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    I've heard it's possible to sign just a maintenance contract with both Penske and Ryder. I believe the cost is in the neighborhood of .05-.06 per mile.

    I have had experience with both of them with a former company. Service calls are similar. The usually have someone out to you within 2-4 hours. If they can't repair you roadside, they locate a rental (sub) unit.

    The maintenance contract includes general parts and labor for PM's and minor repair jobs. Some even include tire failure. I suppose the more you include in the contract, the more you will pay. Overall, it's not that bad a deal if you can afford it.

    I'm currently subscribed to Volvo Action Service for $99 a year. Kind of like AAA for big trucks. If I need to be towed, it's just a $40 deductible. If my unit goes down, they will locate a sub. They also will pay for any repairs for those breakdowns, but of course you pay them back. Not a bad deal at all.
     
  6. TIMEWEASEL

    TIMEWEASEL Light Load Member

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    Dec 23, 2008
    CLEVELAND, GA
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    just wondering if anybody was leasing from them long term...seems like it may be a better deal than the fleece-lease....also if you lease from them do you have to run under your own authority or can you still run for a company as a contractor? Just curious....any and all comments would be appreciated!!
     
  7. 112racing

    112racing Road Train Member

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    pocono's, pa
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    it's expensive like 250 a day plus mileage i guy i knew got wrecked and the insurance co paid for it a daycab for local work 300 miles a day average for a month and a half it was close to 11,000 bucks and that doesn't include fuel
     
  8. jdrentzjr

    jdrentzjr Road Train Member

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    All over the USA
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    The $250 per day may be true if one is leasing on a per day basis. However, when a long term lease is the deal, the payments are more in line with a regular truck payment. I don't know the details of a long term lease.

    The reason for my statement is this: a company I drove for many years ago leased one day cab tractor from Ryder. The companies revenue for the loads pulled would not have sustained a $250 per day rental fee. But it would support a regular monthly truck payment.
     
  9. MedicineMan

    MedicineMan Road Train Member

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    last I heard they were also requiring you to lease it for 6 years. and that's too long. We leased all our day cabs from them but owned our sleeper trucks
     
  10. rooster1775

    rooster1775 Light Load Member

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    Sep 7, 2008
    Metro Detroit
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    Silly question really. I may rent a tractor and a trailer from Ryder for the day. Just moving some empty totes. Ryder has that online reservation discount going on. It looks like you can get a tandem axle tractor and a dry van for 80.00 for the day.

    What do they charge beyond the rental rate in fees?
    Does the renter need insurance?

    Rooster
     
  11. M.Enterprises

    M.Enterprises Medium Load Member

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    Mar 27, 2009
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    Has anyone here ever looked at renting a truck? Maby for 1-3 months.

    I know they can offer a full service lease. I was wondering what it costs to get started and what kind of daily/weekly/monthly payment is involved?
     
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