Why lease a truck fleet instead of own?


Why lease a truck fleet instead of own?

Truck leasing or ownership? It is a decision that many business owners have to deal with when it comes to acquiring transportation assets for their operations. Each option comes with its own advantages and disadvantages and the company must weigh which offers a better solution for their needs. If you are looking for information about why you should lease a truck fleet instead of own one, then you have come to the right place at Pfaff Leasing. With locations in Calgary, Vancouver, and Toronto, if you are looking to lease a fleet of trucks for business, we have got you covered! In this article, we share some information about why you should lease a truck fleet instead of own one. 

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For cash flow 

Simply put, in order to make money you have to spend money. A smart business owner makes practical choices to lessen financial risk while turning a profit. You can avoid committing to a huge capital outlay especially if you have a low credit score and have to contend with high-interest rates. Truck leasing can give your business a cash flow advantage and flexibility to increase and decrease the number of vehicles in your fleet depending on the needs of your business.

Minimize downtime 

An owned vehicle may become costly for a business particularly when it comes to downtime due to repairs or maintenance. Without a substitute vehicle to replace the serviced one, productivity could be affected. Leasing alleviates these hassles. A rented vehicle can help business owners avoid downtime and lost business opportunities due to vehicle breakdowns since they will be supplied with a readily available substitute vehicle. This saves you valuable time and keeps the operations uninterrupted. At Pfaff Leasing, we can even provide fleet management services to help you streamline your operations and limit downtime.

Maintenance costs 

Fleet ownership entails many hidden costs. Things such as on-going maintenance of tires, brakes, and other consumables such as steering wheel and brake fluids are just to name a few.  Truck fleet leasing eliminates the hidden costs of ownership. Expenses such as overhead, towing, taxes, washing, acquiring substitute vehicles, licensing and fuel, and other hard costs can sometimes be taken care of by the leasing company. Maintenance and repair costs are also covered. Full-service leases cover maintenance and repairs as part of the agreement with the client.

For more information about why you should consider leasing a truck fleet instead of owning one, we encourage you to get in touch with our Pfaff Leasing representatives in Calgary, Vancouver, or Toronto.

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