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 RUclips. Love the videos straight shooter no bs.
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.
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!
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.
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!
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!!
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.
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.
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
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!
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!
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.
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 👍
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..
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 🤞
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?
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.
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!
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...
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.
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%
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!
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. 👍
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 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.
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.
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!
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!
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. 👍
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
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.
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!!
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
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.
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.
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
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
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 🤣
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!!!
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
So if your making $800 per day or $4000 per week(5 days), how many miles and hours of driving do you do per day? Also, why did you stop driving a semi?
I drive about 350/400 miles per day but I almost always work a 12-14 hour day. 4-5 days a week. I quit running a semi because even though I generated more money, I was gone most of the month and ended up taking home less than running hotshot after expenses.
@@LoadMizer i have a question for you, i own a kw t600, i recently got my own authority, haven't use it yet, and i also own an 2020 f350, i decided start up with my semi, since i have more experience, i want to stay in texas, i live in laredo,, ok my question is, do you think that its profitable to run texas only, on hotshoot trucking?
Absolutely. Texas is almost like it’s own country with freight. That’s why I don’t run Texas much. Because I’d have to stay in Texas to keep good rates 👍
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.
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?
New doesn't mean that you will not have problems. Your loss of income from being down is just part of being in business. Just because you lease isn't going to get you out of the things you are talking about. I am more afraid of new diesels more than i am of old pre emission ones.
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.
@@LoadMizer Don't know any RV guys that are pulling using Enterprise. Just cuts too much into your profit. just talked to the guys in Elkhart. You can get on the waiting list, but they're back filling trucks from guys higher up on the waiting list.
You transfer registration for the rental just like you would if you bought it, enterprise will give you a copy of the title front and back and you take it to your county clerk and register it (non cdl) or get an apportioned certificate to send to the state (cdl) to register IRP. When you turn it in you’ll just let the pva office know and register the new on the same way. The trailers are both mine but if they were rentals I’d most likely just lease them to my company from myself.
Great video💪🏽 5k mile a month puts a cap on how much I can run for example. From NYC to GA is 900mile max 1 way. I love the idea of renting. I do know the pros and cons of owning. I have a lot of thinking to do.
@@LoadMizer time for China to make pickup trucks and ship to the US as they have all the parts and factories there to make everything. I can hear it now. These darn trucks are no good for hotshotting
Guys, this man is speaking facts. The down time, ESPECIALLY if you’re starting out, is absolutely key! Breaking down on the side of the highway is not fun. Y’all consider this side of it before y’all jump into this! Plus, Loadmizer didn’t tell y’all that he’s a stripper on his down time 🤣
I purchased a 21 5500 just a couple weeks ago to start. I want to pay it off by 250,000 miles, which means I have to pay 22 cents for every mile I put on the truck, plus the interest. I will also be paying all my own maintenance of course. So owning my own truck is not saving me money. I would’ve used enterprise if it didn’t take so long to get a truck
Real costs per mile even for most cars is over 22 cents a mile. Where Enterprize makes it on this deal is trucks don't depreciate with high mileage in the first year. Once you break 80k miles the value of a truck drops dramatically and even more when you break 150k miles. I have postulated that Enterprize sells the off lease trucks for as much or more than they pay for them. The rental car companies get screaming deals on new vehicles however they cannot sell them without 50k miles or 18 months of ownership whichever comes first. The two factors in vehicle depreciation age and miles. A current model year truck with 50k miles is worth nearly as much as one with 5k miles.
@@LoadMizer they’d have to make money on resale. I don’t see how they can make money unless the agreement with the manufacturer includes a really deep discount.
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.
I guess ONE place where renting would not make sense would be in power-only hauling…..especially RV hauling for a company. Way too much ‘deadhead’ time. And even though the ‘deadhead’ time is just cruising empty with a truck and sight-seeing……you STILL would have to pony-up that .23-cents/mile……empty or not. So you’d get 30,000 miles out of the truck where you’re making money…….and paying for 30,000 miles ‘rent’ while you’re NOT making any money.
That’s actually most of their customers lol. The whole 1 ton rental started up for the RV transport companies nearby. That’s why the 2 big locations for enterprise are Elkhart and Mishawaka.
Hmmmm. Didn’t know that. I wonder though…..are they the RV transporters USING trailers to haul the smaller travel-trailers? Or are they tow away guys like me? The reason I ask that is because the ‘trailer’ guys (all of them are CDL) generally HAVE ‘backhaul’ stuff to at least alleviate or cover the expenses of the original haul they did. Guys like me rarely get backhaul. Interesting, though.
Yeah. And they don’t just ‘backhaul’ RVs. Some companies got into the pontoon boat business…..so sometimes you’ll see a load of THOSE coming to-and-fro. And they’ll haul cars too, of course. So there’s always some sort of rolling or floating stock they can load onto the trailer. Empty trailers are ‘death’….lol.
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?
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.
@@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!
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. 👍
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.
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?
I’m not sure what monthly rates are. The long term contracts we sign have specific terms and deposits involved. The initial payments include deposits that you get back when you turn in the vehicle.
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?
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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 RUclips. Love the videos straight shooter no bs.
yes
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.
That’s a smart move there. 👍
Other than enterprise, who else would have a dually pickup readily available in your situation?
@@azaelramos8213 Only Enterprise.
Makes sense!!!!!!
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.
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!
That’s a great one! I will definitely save it
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.
Yeah the 33k in maintenance account was all I needed to hear. Very Informative.
Appreciate your transparency
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!
This is smart , and I feel him.
This brother always gives you the meat and potatoes in hot shot trucking. Thank you for sharing your personal knowledge and experiences..
Absolutely man, imagine where we’d be if we all helped each other
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!!
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.
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.
Your company isn’t alone there. There are a ton of fleets that operate that way.
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
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!
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!
Seeing you talking like this made me decide going with the rental.Thanks
Yup! I do this now I hope all is well with you and you’re business.
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.
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 👍
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..
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.
Cant argue with truth and facts . I've watched some of these other youtubers really struggle to do it all themselves. 👍
I love his honesty…if someone admits they have bad credit and a bankruptcy, I can trust this person
As long as nobody gets hurt, bad decisions are the best lessons if you can recognize and learn from them 👍
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 🤞
I need a chassis cab so bad lol
How are repairs after a few months
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
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?
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.
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!
Thank you 👍
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...
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.
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!
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%
It seems like just when you think you can relax...everything starts to break 😂
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!
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. 👍
Thank You..these are ALL Facts no beating around the Bush
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 👍 👍 😎.
That’s right. It’s so simple that it’s actually complicated to explain lol
@@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.
It’s starting to not get to me as much anymore lol.
Many major companies lease. And you are spot on with down time
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.
Awesome advice. Thanks so much!
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!
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 👍
What you think about the cyber truck will it for towing 2 cars tesla claims 14000 pounds of towing capacity
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
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!
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
I was just about to buy a sweet ram 5500... been on the fence about leasing, but you have me convinced now 👌🏻
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. 👍
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
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.
@@LoadMizer can you please tell the other location, I'm looking for rent. thanks
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!!
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
@@LoadMizer Million Billion thanks!! haha
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.
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.
@@AJourneyOfYourSoul add another zero
@@JohnLee-cb8ez another zero for what?
He makes a lot of sense
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.
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
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! 💪👍
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
No bankruptcy. Am able buy new truck & an extended warranty, still ahead of the lease
Till it breaks.
Just like racing....if you can't afford to blow it up, you can't afford to race it
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.
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 🤣
@@LoadMizer lol be safe out there
You know you want a sweet f550
Lol , shit , I do!!! Lol
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!!!
Excellent points and very well presented.
Wishing you continued success!
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
Thanks for ALWAYS BEING (REAL)!!!!
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
Good info LM......always enjoy the videos...stay safe:)
Thank you for the honest facts and opinions
How do you sleep in the truck without removing the back seat and building a bed?
Thanks for the perspective.
So you can put a fifth wheel or a gooseneck in a rental?
Yes the 1 tons are set up for it.
So if your making $800 per day or $4000 per week(5 days), how many miles and hours of driving do you do per day?
Also, why did you stop driving a semi?
I drive about 350/400 miles per day but I almost always work a 12-14 hour day. 4-5 days a week.
I quit running a semi because even though I generated more money, I was gone most of the month and ended up taking home less than running hotshot after expenses.
@@LoadMizer Sir,
Thank you for your time and your answers
No problem at all, I try to answer most of the question I catch on here.
@@LoadMizer i have a question for you, i own a kw t600, i recently got my own authority, haven't use it yet, and i also own an 2020 f350, i decided start up with my semi, since i have more experience, i want to stay in texas, i live in laredo,, ok my question is, do you think that its profitable to run texas only, on hotshoot trucking?
Absolutely. Texas is almost like it’s own country with freight. That’s why I don’t run Texas much. Because I’d have to stay in Texas to keep good rates 👍
That stress of constantly worrying about breaking down isn't worth buying
The road conditions over the last 10 years have made sure that your equipment most definitely will break. The only question is when.
11:45 mark. Bam! 👊🏼 Cold hard fact!
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.
$3300 per month? ROFL. Time to just go get a $70-80k/yr trucking job and leave this owner op bullshit alone.
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?
New doesn't mean that you will not have problems. Your loss of income from being down is just part of being in business. Just because you lease isn't going to get you out of the things you are talking about. I am more afraid of new diesels more than i am of old pre emission ones.
Renting gets me out of everything I talked about...that’s why I talked about it. I’ve been on both sides. This isn’t a theory.
Thank u brother for ur video how Long should be the trailer scale?
How many miles do they allow you? Thanks for your videos. I’m new to this and learned a lot from you
Thanks for the pov. What mods can you make to the rental? Aux fuel cell? Box delete? Fifth wheel?
From what I was told, as long as it’s back to factory when you return it then you’re good to go.
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.
Does it cost you anything if you break down while renting from Enteprise? Getting a tow back to home base?
The truck would be covered to tow. You’d most likely be responsible for the trailer. Not sure though I haven’t broken down.
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?
Thanks for all the information bro...!
Almost like an "Insurance" policy for productivity...
That’s a pretty good way of looking at it lol
How can I get on the list for this Enterprise program? I’ve heard it’s not open right now?
I’d call multiple branches and ask. I know the lists are heavy in northern Indiana because of the RV transports up there.
@@LoadMizer thanks, I was under the impression only Indiana branch offered this program.
@@juanmoctezuma9807 towpiglet doesnt know everything!
@@LoadMizer Don't know any RV guys that are pulling using Enterprise. Just cuts too much into your profit. just talked to the guys in Elkhart. You can get on the waiting list, but they're back filling trucks from guys higher up on the waiting list.
Thank you for this video.
If you can explain how renting with Enterprise and registering that truck on your business, and what about the trailer, is it rent also? thx.
You transfer registration for the rental just like you would if you bought it, enterprise will give you a copy of the title front and back and you take it to your county clerk and register it (non cdl) or get an apportioned certificate to send to the state (cdl) to register IRP. When you turn it in you’ll just let the pva office know and register the new on the same way. The trailers are both mine but if they were rentals I’d most likely just lease them to my company from myself.
Great video💪🏽 5k mile a month puts a cap on how much I can run for example. From NYC to GA is 900mile max 1 way. I love the idea of renting. I do know the pros and cons of owning. I have a lot of thinking to do.
I probably missed out if you mentioned insurance. Is the insurance included in the rental?
who do you rent from, I'm very interested in driving but don't have a 1 ton truck
could Enterprise be having trouble sourcing new trucks now with the semiconductor chip shortage?
They’ve been behind on trucks since last summer. Still catching up.
@@LoadMizer time for China to make pickup trucks and ship to the US as they have all the parts and factories there to make everything. I can hear it now. These darn trucks are no good for hotshotting
Lol most parts for almost every manufacturer are shipped in from the borders or the ports. I guess “assembled” in America makes some people cozy 🤣
Do they have auxiliary tanks on the enterprise trucks ?
No just the factory tank under the bed.
Guys, this man is speaking facts. The down time, ESPECIALLY if you’re starting out, is absolutely key! Breaking down on the side of the highway is not fun. Y’all consider this side of it before y’all jump into this! Plus, Loadmizer didn’t tell y’all that he’s a stripper on his down time 🤣
🤣 I said I was smoking meat! 🍖 like dead animal bodies!
@@LoadMizer oh.... dang, slight miscommunication 🤣 my bad man, my bad 😂
🤣
Thanks for the advice
I purchased a 21 5500 just a couple weeks ago to start. I want to pay it off by 250,000 miles, which means I have to pay 22 cents for every mile I put on the truck, plus the interest. I will also be paying all my own maintenance of course. So owning my own truck is not saving me money. I would’ve used enterprise if it didn’t take so long to get a truck
That’s a good point to make there. General consensus is that no matter which direction you go...this is an expensive journey lol
Real costs per mile even for most cars is over 22 cents a mile. Where Enterprize makes it on this deal is trucks don't depreciate with high mileage in the first year. Once you break 80k miles the value of a truck drops dramatically and even more when you break 150k miles. I have postulated that Enterprize sells the off lease trucks for as much or more than they pay for them. The rental car companies get screaming deals on new vehicles however they cannot sell them without 50k miles or 18 months of ownership whichever comes first. The two factors in vehicle depreciation age and miles. A current model year truck with 50k miles is worth nearly as much as one with 5k miles.
They most definitely break even or make money off of these trucks just on purchase and sale. The rental is pure profit. Substantial profit lol
@@LoadMizer they’d have to make money on resale. I don’t see how they can make money unless the agreement with the manufacturer includes a really deep discount.
They order hundreds of trucks at a time dispersed across multiple branches. Fleet discounts are always deep.
Renting is a full deduction at the end of the year? Can you share the tax benefits of renting?
What city offers your rates?
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.
@@LoadMizer I love that answer! I was wondering about it myself.
A month?! Wow that's cheap! What state do you live in if you don't mind me asking
Kentucky
I guess ONE place where renting would not make sense would be in power-only hauling…..especially RV hauling for a company. Way too much ‘deadhead’ time. And even though the ‘deadhead’ time is just cruising empty with a truck and sight-seeing……you STILL would have to pony-up that .23-cents/mile……empty or not. So you’d get 30,000 miles out of the truck where you’re making money…….and paying for 30,000 miles ‘rent’ while you’re NOT making any money.
That’s actually most of their customers lol. The whole 1 ton rental started up for the RV transport companies nearby. That’s why the 2 big locations for enterprise are Elkhart and Mishawaka.
Hmmmm. Didn’t know that. I wonder though…..are they the RV transporters USING trailers to haul the smaller travel-trailers? Or are they tow away guys like me? The reason I ask that is because the ‘trailer’ guys (all of them are CDL) generally HAVE ‘backhaul’ stuff to at least alleviate or cover the expenses of the original haul they did. Guys like me rarely get backhaul. Interesting, though.
It’s a mix of both. I’ve heard from several people though that the trailer with multiple units plus backhaul capabilities is the way to go.
Yeah. And they don’t just ‘backhaul’ RVs. Some companies got into the pontoon boat business…..so sometimes you’ll see a load of THOSE coming to-and-fro. And they’ll haul cars too, of course. So there’s always some sort of rolling or floating stock they can load onto the trailer. Empty trailers are ‘death’….lol.
1600.00/month includes insurance?
Liability on the truck, yes. And taxes.
Thank you saved me thousands🙏
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?
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.
@@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!
Dose all cost for repairs including tires come from enterprise?
tent or lease from Enterprise?
Great video keep up the good work.
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?
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. 👍
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.
How much would you say to have saved up to start with a paid for truck and trailer?
Minimum 3 months living and business expenses
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?
Enterprise charged what 23 cents a mile for a CDL truck ? I’ve heard 21,22, 23 cents a mile
For me .23
@@LoadMizer 10-4
Only facts in this video
Fuck buying
Rent all the way and be consistent
Just tried to book a truck for a month, it's 3877.91 just for the reservation. Am I doing something wrong
I’m not sure what monthly rates are. The long term contracts we sign have specific terms and deposits involved. The initial payments include deposits that you get back when you turn in the vehicle.
My buddy hotshots horsetrailers and I'm trying to find a way to get on with him. I'll definitely keep looking
Thank you for the video
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?