Is it better to lease a commercial truck over buying one?

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Is it better to lease a commercial truck over buying one?

If you are a business owner or self-employed and you are asking yourself if it is better to lease a commercial truck over bing one, then you have come to the right place for answers at Pfaff Leasing. There are many advantages to leasing a commercial truck for business as opposed to buying one outright. At Pfaff Leasing, our commercial easing experts can help you find the exact vehicle you need with the exact specifications you need for your operations. In this article, we share some information about whether it is better to lease a commercial truck over buying one. 

Click here to get in touch with a Pfaff Leasing commercial leasing expert. 

Leasing a commercial truck 

Leasing a commercial vehicle is much like paying monthly rent. The money that is paid on a monthly basis is for the use of commercial vehicles, but no ownership equity is ever realized. The leased vehicle remains the property of the company issuing the lease and they will continue to profit from your use of the vehicle.

The benefit of leasing is having increased flexibility and less commitment. Leasing commercial vehicles require less upfront cash and monthly lease payments are usually less than finance payments. When the lease period has expired, the lessee can simply turn in the vehicle. Drivers may be able to claim tax deductions that are available for the use of leased vehicles as well. If you are not confident that you will be driving the commercial vehicle for a minimum of three years, leasing may be the best option for you.

As a business owner or self-employed individual, the decision to lease a commercial truck or buy one will have many pros and cons. It is important to assess your individual situation and your financial goals to ensure you are making the best decision for your business.

For more information about leasing a commercial truck over buying one, we encourage you to get in touch with a Pfaff Leasing commercial leasing expert today.

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