Thinking of buying a box truck to rent out, any advice?

Short answer is Don't.
If you have that much cash, there are much better thing to invest in.
And if you were going to finance a box truck to rent to someone else..... ####### DONT

 

So the business plan is: buy a box truck, list it on "websites" (Craigslist?) then "dispatchers" will call you looking to rent it, is that about the long and short of the plan?

 

You'd be better off just lighting that wad of cash on fire IMO.

Rentals get the #### beat out of them because the driver and company don't own a bolt in them.

You'll need to make back your original investment PLUS enough to cover a replacement truck because in 3 or 4 years that box truck will be a worthless pile of bolts from everyone driving the piss out of it. Plus there's maintenance, insurance and all the other associated costs.

Long story short, there's far better ways to piss away $50k.

 

Watched a social medial video of box trucks making $3 dollars a mile?

let me guess same social media account also sells how to classes?

just honest question.

 

There was a dispatch service just down the road from my old job. All the trucks were Sprinters, cube vans, 1 ton decks or hot shots. All owner operators. I did about 20 minutes of research to see if it'd be worth buying a 1 ton and putting a driver in it.

Long story short, I would have not seen much more than maybe $3k a year in my own pocket after paying the driver a liveable wage, truck expenses and putting money aside for a new truck 5 years down the road. Like I said literally 20 minutes of research told me it was a waste of my time.

 

Well OP is in the right place, he’s doing research prior to buying. Majority if not all those social media accounts, use the tried and true method.

flaunt fake BOL’s and fake broker conversations and then tell the watcher they too can make money.

The people who have little money saved up want to move up, and the money is burning a hole in their pocket.

in the end you have a culling that happens in every sector.

Gold rush of the 21st century.

 

What could possibly go wrong…

 

Head to Vegas and put it on red after the hookers and blow have been paid for, Atleast you will have fun loosing it

 

Got a better chance of turning a profit too