Lease a vehicle for your landscaping business


Lease a vehicle for your landscaping business

It’s easy to get carried away and want to purchase the most well-equipped truck out there. But if you are a prudent business person, it’s important to be realistic and consider the long-term consequences of maintaining your own fleet. Oftentimes leasing a truck for business makes more sense than owning. If you are starting your own landscaping company, or you already have a company up and running, and you need to update your fleet of trucks, then Pfaff Leasing can help! We can help you find the vehicles that you need to operate your business in a timely and effective fashion. In this blog by Pfaff Leasing in Calgary, we talk about some of the reasons why leasing a truck for your business could make sense.

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You may not have the cash

Leasing offers more savings in the short-term. This is particularly significant in the early years of operating your business and your budget is tight. Unlike purchasing a vehicle, there is no huge upfront capital outlay or down payment to worry about. A lease can be a wiser decision from a cash flow perspective. The initial savings could be used elsewhere such as marketing or expanding your business. With renting, the cash expense may be limited to only the security deposit, plus the initial lease payment.

You may have bad credit

If your business credit has been damaged, the bank will not offer you a good rate on the loan. This could mean straining your finances that you otherwise could use for business operations. Defaulting on a truck loan will not only damage your credit rating, it will seriously affect your ability to meet other financial obligations.

You may not want to pay out of pocket for maintenance costs

Next to fuel and equipment, maintenance is one of the costliest aspects of owning a vehicle. You need to keep up with preventative maintenance such as changing oil and filters. Failing to do so can increase contaminants and shorten the engine life. You also need to keep the transmission in tip top shape to avoid hefty repair bills. The average cost of getting a transmission replaced on a car can be more than $3,500. Leasing can save you the headache of having to cough up money to pay for routine maintenance which may challenge you financially and affect your business operations.

If you are looking to lease a vehicle for your landscaping business and you are looking for more information about the advantages, we recommend that you get in touch with a Pfaff Leasing representative in Calgary. Click here to find our contact information or speak with a representative.