OwnaFleet structures and coordinates qualified participation in a managed equipment ownership program operated by the 4th-largest publicly-traded equipment rental company in the U.S. — $7B under management, $3.9B already owned by participants, 385 locations in 45 states. Year-1 accelerated depreciation. Monthly distributions through year 6. Fully managed.
Your capital flows through your own LLC into a fully-managed equipment fleet. Three distinct return streams come back: monthly rental income, year-one tax shelter, and capital recovery at exit.
Adjust the equipment purchase amount to see projected cash outlay, annual cash flow, and year-six exit. These figures use the program's published pro forma assumptions and exclude potential tax benefits.
Average fleet purchase is $1.2M. Minimum is $500K.
100% bonus depreciation restored under the One Big Beautiful Bill Act for qualifying property placed in service after Jan 19, 2025. Confirm with your CPA.
Projections only, not guaranteed. Cash flow figures based on the program's published Q2 2026 pro forma: 80% average rev share to monthly target, 72-month term, 90% financing at 7.25% with 120-month amortization, equipment sold at Net Orderly Liquidation Value (the fair sale price under normal market conditions over a reasonable period) in year 6. Tax figures are estimates only and depend entirely on your individual tax situation, which we are not qualified to assess. Actual cash flow varies due to utilization, market conditions, and equipment performance.
From signed agreement to first rental check, the process is designed to be turnkey. Our partner team handles the operational complexity. You make the capital decision and collect.
At the end of the six-year term, equipment is sold and proceeds (minus the loan balloon) flow back to participants. A limited-loss guarantee from the rental operator caps the downside if equipment sells below its stated floor price. Three scenarios at a $1M purchase, with a 54% floor price.
| Scenario | Purchase | Floor (54%) | Sale Price | Shortfall | Operator Pays | Owner Net Loss |
|---|---|---|---|---|---|---|
| Projected Exit | $1,000,000 | $540,000 | $552,000 | $0 | $0 | $0 |
| Soft Market | $1,000,000 | $540,000 | $480,000 | $60,000 | $60,000 | $0 |
| Severe Downturn | $1,000,000 | $540,000 | $400,000 | $140,000 | $99,999 | $40,010 |
180+ days before the contract ends, the rental operator makes an all-or-none offer to buy the equipment, typically at fair market value. Owners may accept that offer or remarket the equipment to third parties (the operator retains a 15-day right of first refusal).
If sale price falls below the floor stated in the limited-loss agreement, the operator pays the shortfall — capped at 9.99% of original purchase price. The cap is the maximum payout per asset, not a guaranteed minimum return; in deep downturns, owners can absorb residual loss beyond the cap.
In severe-downturn scenarios, owners may also elect to continue renting the equipment through the program for up to one (1) additional year under the existing terms.
This program isn't right for everyone. Lenders require specific financial qualifications, and the asset class needs the right kind of holder. Here's the straight answer on fit.
Every dollar of equipment you own is rented out by the 4th-largest equipment rental company in the U.S., running 385 locations in 45 states. Our partner team handles fleet aggregation, financing, insurance, and reporting end-to-end. You sign once and collect.
OwnaFleet helped me keep roughly $350,000 that otherwise would have gone to taxes.
OwnaFleet is a Cochran Capital solution. Cochran Capital structures tax-advantaged investment opportunities for high-net-worth individuals, families, and professionals — across managed equipment ownership, opportunity zone real estate, and other asset-backed yield programs.
The firm selects solutions on three criteria: durable underlying assets, meaningful tax efficiency, and operational leverage that does not require participants to operate. Current programs span value-add real estate (Cochran Capital Fund), qualified opportunity zone real estate (INW Opportunity Zone Fund I, with Fund II launching January 2027), select SPVs and joint ventures, and active-income strategy (OwnaFleet — this site). Four prior investments have been fully cycled to exit.
Cochran Capital and OwnaFleet are not financial, tax, legal, investment, or accounting advisors. Information on this site is general in nature; participants should consult licensed advisors before making capital decisions.
$500K is the official minimum through OwnaFleet. Q4 demand typically pushes minimums to $1M with no guarantee of allocation; Q1–Q3 has the most flexibility. Exceptions down to $250K are made occasionally for the right participant.
Faster cash flow (rentals start in weeks, not months), shorter hold (6 years vs. 10–30), national diversification (one purchase, 45-state utilization), and dramatically faster depreciation (heavy equipment qualifies for bonus depreciation, while real estate depreciates over 27.5–39 years). Trade-off: less appreciation upside than real estate, and full reliance on a single operator.
Heavy equipment qualifies for bonus depreciation under current tax law. For a participant in the top federal bracket, year-one tax savings on $1M of equipment can equal a meaningful multiple of the cash outlay — often the largest single piece of total economics. Your CPA needs to model this for your specific situation; we don't give tax advice.
The rental operator runs the rental side and is incentivized by their 15–25% revenue share to maximize utilization. The fleet is moved between regions to chase demand. Participant-owned equipment is treated identically to the operator's own balance-sheet equipment. Utilization risk is real, but it's the operator's risk first.
Yes, but with friction. You can market equipment to third parties at any time, with the rental operator having a 15-day right of first refusal. Early exit means you forfeit the full depreciation schedule and may sell into a soft market. The program is designed for the full term.
You do — through your LLC. You hold sole title. Our partner team manages the relationship and the rental operator runs the equipment in their fleet. This is a true sale, not a fund interest.
The lender requires unlimited personal guarantees from the LLC's owners on the financed portion (typically 90% of purchase price) — standard for equipment finance, and lenders qualify based on net worth (3× purchase) and liquidity (30% of purchase) accordingly.
The personal guarantee also matters for tax treatment: under the IRS at-risk rules (IRC §465), depreciation can generally only be deducted against active income up to a participant's "at-risk" amount, which typically includes personally-guaranteed (recourse) debt but excludes nonrecourse debt. The personal guarantee — required by the lender for credit reasons — is also what enables the full depreciation benefit to flow against active income. A participant's CPA must walk through the at-risk (§465) and material participation (IRC §469) rules for the specific situation. OwnaFleet does not provide tax advice.
The rental operator is the 4th-largest U.S. equipment rental company by revenue ($4.4B in 2025), with $3.9B of equipment under management across 1,000+ existing participants. The operator is a publicly-traded company, so audited financials, 10-K / 10-Q filings, and investor disclosures are available — OwnaFleet provides the company name, ticker, and SEC EDGAR links during the intro call for independent verification. Independent accountant reports specific to the program are also available on request.
Diligence is strongly encouraged — this is a major capital decision and deserves the same scrutiny applied to any private investment.
Takes 60 seconds. We'll review your fit and, if it's a match, hand you off to our partner team to start the application. No obligation, no hard pitch.