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Originally Posted by DE727UPS  If you lease it back, insurance will be very expensive, you'll have to do 100 hour inspections, and you'll lose some control over how it's operated. Whether it pays for itself depends on the situation. I wouldn't go into it expecting to make any money and be happy if you make a little. |
If I'm understanding you right, you're saying that insurance is MORE expensive if I lease it back, even it if was covered under the lessee's insurance company? I'm trying to figure out how that works. Do you know what the average leaseback rate is, and the costs of the 100-hour, etc?
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The big plus is you'll sell it for what you paid for it and save a good bit on rental costs.
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Yeah, that's what I figured. It's the time spent in there that I'd be concerned about.