Are you in need of a new truck for your business? Maybe it’s time to replace your entire fleet, and you’re not sure if you should buy your trucks or lease them. You can find some great deals on commercial trucks for lease in Texas and here are four good reasons to consider this option.
1. Cash On Hand
When you lease your trucks, you don’t have to come up with a big down payment. In fact, for many small to medium companies, it’s too much of an investment, and some leases don’t require any down payments. This lets you keep your working capital, and you can use it for other things.
2. Open and Closed-End Options
Commercial trucks for lease in Texas come with different types of leases. For example, an open-end agreement can give you low monthly payments, and at the end of the term, you can choose to buy the trucks or lease some new ones. However, if you don’t buy them, the lessor must sell them, and if they don’t sell for the current market value, you must pay the difference.
Closed end leases may cost more, but you have no obligations. When the lease expires, you can walk away with no financial issues.
3. Increased Cash Flow
On average, commercial trucks for lease in Texas give you lower monthly payments than buying. This will make it easier on your budget each month. In fact, you may have better cash flow for things like operating expenses and advertising.
4. Newer Trucks
When you lease your fleet, you can replace your trucks every three years if you like. This gives your drivers the latest features and the best performance and fuel mileage. Also, newer vehicles have fewer maintenance needs, and you’ll have fewer trucks in the shop. With less downtime, your business efficiency improves.
