When a Short-Term Commercial Truck Rental Just Makes Sense

Row of front grills of white commercial trucks
November 27, 2022
Posted by: Suppose U Drive

In the world of commercial truck leasing and renting, you generally have two main options: short-term rentals and long-term leases – both of which are a cost-effective alternative to purchasing a new semi.

With a long-term lease, you build equity with each payment you make and have the option of purchasing the truck at the end of the lease term.

With a short-term rental, you rent a truck for a much shorter period of time – a few weeks or months.

Both options have advantages and disadvantages. The question is: why would you choose a short-term rental over a long-term lease?

3 Reasons It Makes Sense for Customers to Choose a Short-term Truck Rental

There are many reasons to consider a short-term truck rental, but these three reasons stand out in the crowd.

1. 24/7 Roadside Assistance

With truck ownership, roadside assistance may not be included. In addition, you may be required to use the repair facilities owned by the leasing company, and their rates may not necessarily be favorable.

One big advantage of a short-term truck rental is that the vehicles often go through rigorous inspections to ensure they’re running optimally. Most importantly, 24/7 roadside assistance may be available, giving you peace of mind that help will be on the way any time of the day or night.

Our short-term truck leasing program includes this valuable perk, but we take steps to ensure you never need to use it. Our commercial trucks go through a 142-point inspection, and each maintenance interval allows our service techs to prevent problems before they happen.

2. Specialty Rental Options

Because short-term leases are just that – short-term – you’ll find that there are many specialty rental options and the opportunity to customize your plan to meet your business’s needs.

Flexible leasing options are a big advantage for customers, particularly if you are scaling up your business and need to meet demand without a significant capital investment.

3. Low Commitment

By nature, short-term leases are a low commitment. Whether for a few weeks or a few months, you gain peace of mind that you aren’t locked into an agreement for an extended period of time.

As your business grows and changes, your needs will change, too. Short-term rentals eliminate the risk that your rental agreement may no longer be relevant or cost-effective for your business.

Long-term leases can have terms of 5-7 years.

Benefits of Short-term Truck Rentals

Short-term truck rentals can offer many benefits, including low down payments, low risk, access to quality and reliable equipment, the ability to adjust as needed, and other added perks.

Low Down Payment or Deposit

Did you know that a semi-truck costs $160,000 on average? Typically, buyers are required to put down 20%, and interest rates can be quite high. So, to purchase an average-priced truck, you would need to put down $30,000.

That’s a big upfront cost.

With a short-term lease, you enjoy the benefit of low deposit or down payment requirements.

Low Risk

Along with being low commitment, short-term truck rentals are also low risk. When renting a truck, you are not financially responsible for mechanical failures.

There’s also no worry about having to absorb the cost of depreciation as your truck accumulates miles.

Access to Quality, Reliable Equipment

When you choose a short-term rental, you gain access to reliable and quality equipment. In addition, because vehicles are only rented for a short period of time, they regularly go through inspections and are well-maintained to ensure they are running optimally.

Having access to quality, reliable equipment means that you will spend less time in the repair shop and more time on the road. There’s less risk of missing a deadline, and drivers enjoy a greater peace of mind.

If you’re scaling your fleet or need to replace aging trucks, rentals are a great way to fill gaps in your fleet without having to make a big upfront financial commitment.

Adjust Based on Your Needs

Because short-term rentals are low commitment, you can make adjustments based on your needs.

Maybe you need to scale down your fleet temporarily during a slow period. Alternatively, having the option to rent a commercial truck allows you to bid on new jobs and grow your business with minimal risk or commitment.

Renting also has the advantage of providing consistent and predictable costs each month.

With a long-term lease, however, it’s much more difficult and potentially costly to make adjustments based on your needs.

If you are unsure of how your needs may change in the near future, renting may be the more practical and cost-effective option for you.

Additional Perks

Short-term rental programs often have additional perks that make life easier and help make renting more economical, such as:

  • Greater vehicle selection
  • Extended insurance options
  • Competitive full service fueling
  • Competitive rates
  • Flexible plans

Additional perks can add to the advantages of renting over leasing or purchasing a commercial truck.

There Are Definite Advantages to Short-Term Rentals

From fewer daily headaches to cost-savings, short-term truck rentals offer many advantages that should be considered.

Suppose U Drive’s short term rental program comes with the added perks of 24/7 roadside assistance, dependable trucks and expert consultation to help you find the right solution for your business. Click here to subscribe to our free newsletter for more trucking-focused content sent right to your inbox.