What should you consider before leasing a truck fleet?

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What should you consider before leasing a truck fleet? 

If you are in need of expanding your business with a truck fleet, then there are two main options for you to consider: Either you can take a loan to purchase the trucks, or you can lease. In both cases there are benefits, but let’s explore some of the things to consider with commercial truck leasing. At Pfaff Leasing, we make it easy for our clients to lease their commercial truck fleets. We have a vast network of connections that we tap into in order to match our clients with their desired work trucks and equipment. However, we do understand that maybe not everybody is familiar with the process of leasing a commercial truck fleet. It is for this reason that we have put together an article that shares a few things to consider before leasing a truck fleet. 

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

There is great potential for business profits

Here’s how: Normally leasing is offered in low monthly installments when compared to installments paid for buying a truck with the loan. So with a lease, you’ll position yourself to save more in the long haul, because you’re paying less.

You have many fleet choices 

Depending on the nature of the business you own, both new and old modeled trucks for commercial purposes can be taken on the lease. Modern trucks with upcoming technologies, such as telematics, will always be available with the leasing agencies. If you find that the truck you were using is an outdated one, you can change the old one with the new one. This alteration facility is easily available to leasing agencies.

There is a lot of flexibility

With commercial truck leasing, typically the leasing contract is not as rigid as a traditional loan, so therefore you have more flexibility in your investment. As per the leasing contracts, you need to pay lower down payments, or in certain cases, you need not pay any payment initially. Preparing the leasing agreement for commercial vehicles is somewhat hassle-free when compared with the loan agreement. Here you need to do less paperwork, and licensing and reporting generally remain with the leasing agency.

These are just a few of the things you should consider before leasing a truck fleet. At Pfaff Leasing, we have made it very easy for our clients to find the fleet of trucks that they need to conduct business on a daily basis. For more information about commercial truck leasing, we encourage you to continue browsing through our Pfaff Leasing website or contact our representatives.

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