Lease a truck for business

commercialtrucklease

Lease a truck for 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. If you are looking for information about if you should lease a truck for business, then you have come to the right place at Pfaff Leasing. With leasing facilities in Vancouver, Calgary, and Toronto, our customers can take advantage of our extensive network to find the right trucks for their business operations. In this article, we share some information about deciding if leasing a trick for business makes sense for you.

Click here to learn more about commercial leasing with Pfaff Leasing. 

If you don’t have the available capital 

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.

If you 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 the 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.

If your business is seasonal 

A vehicle that you simply park inside a garage is a waste of resources. You need to keep it on the move not only to ensure that it stays functional but also to get a better return on your investment. If your business is seasonal or you often work on timebound projects, it is better to lease than have an excess number of vehicles that cost money to maintain. Leasing work trucks offers flexibility meaning you can free up finances for other business expenses.

Do you think leasing a truck for business makes sense for you? If it does, we encourage you to get in touch with a Pfaff Leasing representative in Calgary, Vancouver, or Toronto today!

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