Why You Should Lease a Semi Truck | Palmer Leasing Group
Semi truck leasing is the perfect solution for anyone who’s business isn’t solely based in the transportation industry, or someone who simply values a predictive payment plan and reliable service maintenance assistance. Our full-service commercial truck leasing program can be beneficial to owner-operators, fleets and everyone in between because we create and cater a program specific to you, your business and your applications.
Cutting Costs with Semi Truck Leasing
When you choose to lease a semi-truck, you have a lower start-up cost and are able to precisely plan exactly what your monthly, quarterly, and yearly costs will be for transportation. There will not be any surprise fees or unexpected expenses compared to outright purchasing a commercial vehicle. You will also save in areas such as breakdowns and admin costs because these are done for you. All breakdowns (not caused by driver negligence) are covered, substitute trucks are provided, and licensing, permitting and fuel tax reporting is taken care of.
Leasing provides more flexibility and by conserving in all of these crucial operational areas, making it possible for you to invest in other growth areas of your business.
Hit the Road Quicker When You Lease a Semi Truck
Due to the fact that leasing doesn’t require as large of an upfront cost as purchasing, you are able to receive your truck and get on the road quicker to maximize your uptime. Leasing your truck is a safer option for someone who can’t currently commit to a large, long-term capital purchase, so it allows you to improve your credit rating.
When your leased vehicle requires maintenance, you can rest assured knowing it is covered in your lease program. Depending on your industry and application, you are also saving on payroll, compliance and shop space by leasing.
Keeping Your Drivers and Your Brand on Top with Semi Truck Leasing
With the newest semi-trucks at your disposal and equipment replacements every three to six years, leasing can help you decrease driver turnover. With newer vehicles, your brand image immediately showcases professionality and dependability.
A leased vehicle allows you to count it “as a general business expense rather than the depreciation of an asset. This can make your balance sheet look more attractive to potential lenders with which to expand your business (Top Mark Funding, LLC).”
Getting You Ready to Lease Your Semi Truck
You should consider commercial truck leasing in order to accurately plan your future transportation budget, receive your leased vehicle faster due to a low down-payment, and keep your drivers in safer, newer trucks and your brand in the industry spotlight.