Leasing

Our trailer leasing team receives many questions about leasing versus buying, here are 10 key reasons why a customer might want to lease a semi trailer rather than purchase:

1. Lower upfront costs: Leasing typically requires less initial capital investment compared to purchasing, allowing customers to conserve cash for other business need.
2. Access to newer equipment: Leasing often provides the opportunity to use newer trailers with the latest technology and features, as leases can be renewed every few years.
3. Reduced maintenance responsibility: Many lease agreements include maintenance coverage, potentially saving time and money on repairs and upkeep.
4. Flexibility: Leasing offers shorter-term commitments, which can be beneficial for those unsure about long-term needs or new to the industry.
5. Tax benefits: Lease payments can often be deducted as business expenses, potentially providing tax advantages.
6. Easier upgrades: Leasing allows for easier upgrades to newer models at the end of the lease term, keeping the fleet up-to-date.
7. Lower financial risk: Leasing generally involves less financial risk compared to owning, as there’s no long-term commitment to a depreciating asset.
8. Potential for better credit terms: Those with less-than-perfect credit may find it easier to qualify for a lease compared to financing a purchase.
9. Mileage considerations: For operations with lower mileage needs, leasing can be more cost-effective than owning.
10. Cash flow management: Regular lease payments can be easier to budget for compared to the variable costs associated with ownership, such as unexpected repairs.