Why should contractors lease their work trucks?


Why should contractors lease their work trucks?

When it comes time for businesses to get a work truck some companies purchase used. Most decision-makers see the used truck as a more affordable option, and at face value, they may be correct! So why are more and more contractors turning to leased work trucks for their business? Why is it a better business move to lease a work truck from Pfaff Leasing? If you are a contractor that operates your own business, then leasing your work truck(s) could yield many benefits and advantages. Pfaff Leasing can get you behind the wheel of the work truck(s) that you need for your business operations, and this includes fleet vehicles! Additionally with this, if you need accessories to go along with your work truck(s) then we can get you outfitted with that as well. From plows and salters to trailers and backhoes, when you choose Pfaff Leasing, your business vehicles and equipment can be handled professionally. In this blog, we share some information about why contractors should lease their work truck(s).

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All vehicles depreciate and lose value 

Whether you buy a new or used work truck one thing remains constant: the second it leaves the lot it depreciates exponentially. A new truck becomes a used truck, and a used truck gains another owner. The initial depreciation of buying a work truck is one of the single largest expenses a fleet manager must anticipate. Vehicles acquired through the fleet organization are typically purchased at a better price which reduces depreciation expense. By leasing a work truck, businesses reduce the depreciation loss caused by overpaying for new or used vehicles from the dealership lot.

Newer work trucks can be cheaper to run 

A new leased work truck from Pfaff Leasing is cheaper to run than a used work truck from your local dealer; even if you ignore fuel expenses. Used work trucks were most likely driven hard. Parts are starting to wear and need to be replaced. Those repairs start to get expensive and add up over time. What’s worse is they come out of your own pocket. On the off chance, your brand-new truck needs a repair it is likely covered under warranty.

Leased work truck will have less wear and tear 

One of the most common arguments and misconceptions regarding leasing a work truck is “Well the truck is going to get beat up anyway.” It’s true. Work trucks see more abuse and wear than other vehicles. When decision-makers think of how beat up their work trucks are they typically think of the 8-12-year-old model they purchased 4 years ago with two or more owners and a decade of wear and tear. Leased work trucks see less abuse and hold their value when businesses operate them for a shorter amount of time.

You can have your truck(s) outfitted with the equipment you need

When you buy a work truck, you need to attach toolboxes, ladder racks, and potential graphics. This takes time and money. When you lease a work truck from Pfaff Leasing, we can take care of all the upfitting for you. Whether you need a plow for the front of your truck, a salter for the back of it, or a trailer to tow other equipment, we can handle your business operations needs for your work trucks.

As a contractor running their own business, you can’t go wrong with leasing your work truck(s). Save money and save valuable business downtime when you choose to lease your work trucks with Pfaff Leasing. We encourage you to continue browsing through our website to learn more about our commercial leasing services. Additionally, with that, ask us about our fleet management services as well! 

Click here to find our contact information or to speak with a Pfaff Leasing representative.