To lease on to a carrier, you don’t need your own operating authority, which can be a paperwork nightmare (more on that later). But to make this as passive as possible, you will want to find a carrier that allows you to hire drivers for your trucks. You are agreeing to haul freight for them using your truck. When you lease on to a carrier, you’re not really just renting your truck to them. While this won’t be as passive like the straight up rental arrangements we just covered discussed, it is another option. Of course, you can also take a more conventional course and lease your semi-truck on to a carrier. For that, you can advertise your truck for rental on their online website as well as getting your truck advertised on their monthly newsletter. I called them to learn more and, as of the date of this article, they confirmed that you need to buy a monthly subscription ($295 for a starter pack). You can also list your semi on sites like. They are a Ryder company, so they are certainly a reputable shop. If you have a semi-truck that is not seeing a lot of action, you can rent it out on sites like. You should seek the advice of a qualified professional before making any investment or other decisions relating to the topics covered by this article. It is not a recommendation to buy or invest, and it is not financial, investment, legal, or tax advice. The information contained in this post is for informational purposes only. If you click on a link and complete a transaction, I may make a small commission at no extra cost to you. If you would like to see a condensed version of this article in video format, check out my YouTube video on the topic below. Ok, we’ve got a lot to cover, so let’s get into it! Of course, a refrigerated trailer may need more maintenance than a normal trailer, so be mindful of that when considering this strategy. Trailers have far fewer moving parts and will need much less maintenance and repairs. I really like this strategy because it is even more hands off than the renting out your truck. If you don’t have the money to buy a truck to rent out, but can afford a trailer, you can rent that out and start making cash right away. More on that as well.įinally, I have added a section on renting out trailers that I think you may find interesting. Tired of being a driver? This may be a really awesome strategy for you. If you want to take this general strategy further, you can make this a standalone business by buying or leasing trucks solely for the purpose of renting them out. What I love about these strategies is that you can take an existing asset that is not doing much for you (at least when you’re not driving it) and you can start making extra income with basically no effort and no time commitment on your part. I have organized the article by vehicle type, so you can skip ahead to the section that is relevant to you. I include rental strategies for everything from a semi-truck to a simple pickup truck (and everything in between, like box trucks and vans). In this article, I am going to cover some awesome ways to make passive income by renting out your truck. If you have a truck that sometimes sits idle and you want to generate some income from it, you are in the right place.
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