The Benefits of Long-Term Truck Leasing

The Benefits of Long-Term Truck Leasing
July 23, 2020
Posted by: Suppose U Drive

Owning your own truck has a lot of perks, but as time goes by, truck owners always see one thing in common. As trucks get more and more miles on them, maintenance and repair costs continue to rack up. It seems like no matter how good you take care of them, trucks will eventually reach a point where ownership seems less than ideal.

Fortunately, ownership is not your only option. If you’re in need of a reliable truck, you should be considering long-term leasing.

What Is a Long-Term Lease?

Many people are familiar with truck rentals, and you’ve likely rented a truck yourself at some point in time. The difference between renting and leasing is that rentals tend to be pretty short-term in comparison. While you could rent a truck for even a few months at a time, most rentals are for a few days or weeks at most, and many people assume they need to buy a truck if they need one for longer.

The fact is, buying a truck isn’t always the most cost-effective solution. If you need a truck for months, years, or more, signing onto a long-term lease has a lot of benefits. Aside from the ease of knowing that someone else is taking care of the maintenance and repair costs, a long-term lease can also end up being more flexible for your business.

The Benefits of a Long-Term Lease

The Benefits of Long-Term Truck Leasing

Here’s a look at just some of the top benefits associated with a long-term truck lease.

1. Full-Service Leasing

Since we’re on the topic of maintenance, we may as well start with the point that matters most to a lot of truck owners right now, and that’s the cost of repairing and maintaining a truck as it ages. Even after the first few years, the maintenance costs can really start to rack up as trucks begin to need new sets of tires and other big ticket items checked off the list.

With a full-service lease, you don’t have to worry about any of those price tags. Instead, the company you’re leasing the truck from will cover these costs for you. They’re rolled into the lease, but that doesn’t mean you’re paying the equivalent of what you would if you owned the truck yourself. Since leasing companies have huge fleets (and often their own in-house service teams) it costs them a lot less to do the right truck maintenance.

2. Uninterrupted Work

Your leasing company is surely going to do a fine job maintaining the truck you’re leasing. After all, it’s in everyone’s best interest to keep it in perfect running order. That means bringing it in for service as scheduled so that you never miss a beat.

However, things happen. Maybe you breakdown for whatever reason or perhaps you have an accident while out on the road. Whatever the case may be, many long-term leases include around-the-clock service and emergency assistance. That means you’ll be able to file a claim with ease, and they’ll help you get back on the road quickly.

In other words, with a long-term lease, you’re going to have a trucking company standing with you through it all. They can provide another truck in the meantime while yours is in the shop and they can help you get everything else sorted so that you can get back on the road, and get back to work, as quickly as possible. That means less downtime and more profit.

3. Business Flexibility

Things change, and selling a truck when you no longer need it can be tough and time-consuming. Not to mention the loss you’ll take on such a huge investment, even if you resell it within the first year. The fact is, choosing a long-term lease is going to give you much more flexibility in your business.

While every lease comes with a set of terms you’ll need to sign onto when you drive the truck off the lot, there is room for upgrading, downgrading, or even cutting your lease early if things change in your business. This can save you substantial amounts of money and a big headache. If you no longer need your truck, it’s a matter of talking to the leasing company about taking it back, rather than trying to sell it and find a way to handle the loss.

Moreover, if things go as planned, leasing also offers flexibility in the other direction. If you decide that you need a larger truck or one with different features, your leasing company has an entire fleet for you to choose from. That means you can talk to them about changing or upgrading your truck at any point during your lease, and you can surely negotiate a great deal to get in the driver’s seat of the equipment you really need.

Make The Right Move

The Benefits of Long-Term Truck Leasing

When you lease a vehicle, you don’t have to factor in the hidden costs of buying or things like depreciation. In fact, you don’t have to give those things a thought at all. Plus, with the option to upgrade, you’ll always have the most up-to-date fleet and you’ll never have to worry about breaking down or being without a vehicle while your truck is being serviced.

Plus, there’s a lot of peace of mind that comes along with letting someone else take care of things like maintenance and repairs. Why not consider long-term leasing for your business? Reach out to Suppose U Drive today for more information about the trucks we have on our lots and how leasing could fit into your business plan.

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