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<blockquote data-quote="dmac1" data-source="post: 4447926" data-attributes="member: 60252"><p>Will you be paying much more than the value of the vehicles plus 1 year of your net income? Also, from a record keeping/tax standpoint, you may be better off buying the truck and the business in two separate transactions. Depreciation deduction can be a big part of your expenses. Fedex WILL want to renegotiate when your contract expires and isn't required to even offer you another contract, and if HD and Ground are going to be combined, and Fedex has a love affair with the ground contractor, and you are HD, you may lose out. You are NOT buying a business- you are buying trucks and the right to service a contract without any guaranty of terms. If the contract is good for 2-3 more years, it is better than if it expires in 6 months. You might be able to get the seller to get the contracted extended with fedex before you buy the servicing rights.</p></blockquote><p></p>
[QUOTE="dmac1, post: 4447926, member: 60252"] Will you be paying much more than the value of the vehicles plus 1 year of your net income? Also, from a record keeping/tax standpoint, you may be better off buying the truck and the business in two separate transactions. Depreciation deduction can be a big part of your expenses. Fedex WILL want to renegotiate when your contract expires and isn't required to even offer you another contract, and if HD and Ground are going to be combined, and Fedex has a love affair with the ground contractor, and you are HD, you may lose out. You are NOT buying a business- you are buying trucks and the right to service a contract without any guaranty of terms. If the contract is good for 2-3 more years, it is better than if it expires in 6 months. You might be able to get the seller to get the contracted extended with fedex before you buy the servicing rights. [/QUOTE]
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