Whether you own one medium-duty box truck, a semi, or an entire fleet of delivery vehicles, you have two basic options for ownership. You can buy used or new vehicles or check out commercial trucks for lease in Texas. You’ll enjoy a lot of benefits when you lease and here are some reasons why.
Advantages of Truck Leases
When you lease an entire fleet of trucks, you don’t need to come up with a huge amount of cash. It’s easier to qualify when you go with commercial trucks for lease in Texas. In other words, you don’t need perfect credit. Your company has more assets when you don’t have to claim the liability of truck loans. You only have to make monthly payments.
By carrying fewer liabilities, you can qualify for business loans easier. This is important if you plan to expand your business or you want to research and develop new products.
You’ll enjoy fewer maintenance issues because your trucks are modern and your agreement includes maintenance. You have fewer things to worry about, and with newer trucks, you’ll experience limited issues with downtime.
Benefits of Ownership
When you own your trucks, you can do anything you want with them. If you owe nothing on your trucks, you enjoy a valuable business asset. However, you also assume all the responsibilities of ownership.
Downside of Owning Your Trucks
If the trucks are new, you’ll have a factory warranty. However, after that, you are responsible for all the upkeep and repairs. Many commercial trucks for lease in Texas come with replacement truck features. For example, should a truck need extensive downtime for repairs, they give you a truck during this time. In fact, some dealers offer leases with fleet management services. You have your own manager to take care of all the maintenance issues, so you are free for other important business matters.
