Truck Leasing Basics

Find out how truck leasing basics can help put you on the road

Truck leasing can give you advantages over purchasing a vehicle or a fleet. It offers you no sales tax, you can gain increased vehicle incentives, it lets you preserve your working capital, your payments are tax deductible, you have the option to purchase the vehicle afterwards if you so choose and you can set the terms as you need them.

Commercial truck leasing lets you get your drivers on the road, while putting the maintenance responsibilities in the hands of the owner, who also often offer safety programs, emergency roadside service and vehicle washing as part of their packages. Commercial truck leases that offer amenities such as these offer greater value and are well worth the cost.

When looking at truck leasing programs, look to compare such items as:

1. Truck leasing prices- see what the bottom line pricing is, but also taking into account what is included. Is maintenance included? Roadside assistance? Safety programs?

2. Financing options and payment plans. Look at payment terms and find out if you have the option to buy at the end.

3. Truck leasing basics- weigh your buy versus lease options carefully before committing either way.

 

See how truck leasing can help you

Take advantage of truck leasing sites to see how they can assist you in your lease versus buy decision. Some sites offer you conversion calculators while others detail out more about their particular business.
Try: Let Merchants Leasing help you run a lease versus purchase comparison. Check out the Idealease National Accounts Group program. Their trucking program stretches from Canada to Mexico and allows for its customers to extend their client base outside of the U.S.

Look at truck leasing programs with maintenance programs

Consider truck leases with maintenance programs built into their pricing. Leasing a truck is just one step to hauling your load because you also have to take into account precautions to keep you up in running in case of emergency.
Try: See how BizFleet Services can run your maintenance program. BizFleet offers cars, vans, pickups, medium duty trucks, heavy duty trucks, limos, buses as well as options for DHL and Fed-Ex contractors. Learn about the maintenance program offered by FirstLease out of Georgia. They offer nationwide coverage, and they are dedicated to helping you keep your vehicle up on its preventative maintenance.

Find out your financing options for truck leasing

Truck leasing financing doesn't always have to come directly from the group doing the leasing from. There are other organizations who can help you with your financing.
Try: Find out about your financing options through Prudential Leasing. They can help you with class 8 truck financing, dump truck financing, specialty truck financing and more. Find out more about truck leasing from CT Financing, another lending institution. They can help you with steps on how to apply, looking at payment calculators, credit criteria and more.

 

• Make sure that your truck leases include unlimited mileage. Like any lease, you don't want to exceed your mileage and have to pay per mile for additional usage. It makes the vehicle worthless to you. Truck leasing companies should be up front with this information, but don't be afraid to ask about it.

Copyright © 2011 Business.com, Inc. All Rights Reserved.

---