Lease vs Buy a Truck. Choosing to lease or own doesn. Many fleets mix both options to maximize their operations and better serve their customers. Factors such as operation type, truck configurations, organizational preferences, routes, seasonality and financial considerations can influence fleet operators in their decision to lease or buy heavy- duty trucks. There are pros and cons to both approaches. Penske can help you decide what makes the most sense for your business. Click Here to learn more about lease to own. With Buchanan’s Lease to Own Program. Must be a Buchanan driver for at least 6 months OR have previous verifiable lease purchase or owner operator. Lease to Purchase Program Michigan. Square One Transport 7610 Lanac St. 888-554-2305; Visit Website; Online. Lease to Purchase Small Straight Trucks/Cub Van's-Must live in Michigan-Chauffeur License required. Owning. Roughly two- thirds of fleet operators own their trucks. Owning equipment and other hard assets, such as warehouses or property, may be part of company culture or simply a financial preference. Fleet operators with their own shops may choose to purchase equipment so they can maintain it themselves and keep it longer. There are, however, many hidden costs to ownership. In addition to purchase cost, these costs often include ongoing maintenance, repairs, and recruiting and maintaining staff. Changes in technology and regulations may also require additional investment. By outsourcing vehicle maintenance to Penske Truck Leasing, companies can leverage the economies of scale, investment in technology, and extensive technician training that Penske provides at a lower overall cost. Leasing. Leasing allows many fleet operators to obtain equipment without the upfront costs and credit constraints of ownership. Leasing also reduces the need for a down payment and allows the fleet operator to expense the cost of the vehicle monthly rather than carry its liability on its balance sheet. That means more credit flexibility so the fleet operator can put capital elsewhere. Rapid changes in technology today mean vehicles become obsolete more quickly. Lease Purchase Drivers. Driver types hired: Lease Purchase Equipment types hired: Refrigerated. About KLLM Transport Services * Lease Purchase Drivers * Call today to see if you qualify for a 2017 VOLVO Automatic. Truck Lease Programs from America's top Trucking Companies. Find the Best Lease Purchase Programs here. Drivers can Search for Top Lease Programs here Free. Free Full-time Rider Policy (18 years & Older) Free TripPak; No Loading or. Operator Recruiters Today to Learn More About Our $750 Referral Bonus Program! To learn more about PTL’s fantastic Lease Purchase Program.With leasing, trade cycles are shorter, and fleet operators can upgrade to new technology sooner than if they owned their vehicles. This may appeal to fleets that prefer to spec a premium product to attract and retain drivers, or for fleet operators that want new safety- related technology. Some businesses may prefer to outsource particular vehicle or technology types, like specialized equipment or trailers, to control their staffing costs. Full- service leases that include maintenance can benefit fleet operators that don. In addition, preferential rental terms in lease contracts can allow fleet operators to increase capacity for seasonal work or short- term contracts, and reduce it when demand decreases. Find out if Leasing is Right for You. Penske can help evaluate the costs and benefits of each option with our comparative value analysis (CVA). Learn more about Lease versus Own a truck fleet from Penske Truck Leasing. GoPenske Home; United States. Carriers with their own shops sometimes choose to purchase their equipment so they can maintain it themselves and. Lease Purchase Program Overview. 100 % of fuel surcharge, tarping and stop pay passed on to owner operator; Payroll is directly deposited into your bank account weekly; Next day Pay Option available (2%) fee; Scan your Bills. Our CVA reviews your transportation expenses to uncover potential cost savings, while providing a benchmark to compare your operation to industry standards. Then, you can determine the best course of action for your circumstances. If you. A comparative value analysis can also demonstrate how a full- service lease can help you reduce expenses. So instead of spending on new truck purchases, you will have capital to reinvest in your business. A CVA will: Evaluate your current shipping method. If you have extra trucks to replace out- of- service vehicles or accommodate peak delivery times, we may be able to save you money. Penske Truck Leasing offers programs with free replacements in the event of a breakdown and offers discounted rentals to handle peak times. Buying vs. Leasing Checklist BUYLEASETrucks are spec'd based on actual usage by analyzing historical data on routes, capacity, drivers and freight. Simplified financial planning with a single predictable monthly payment. Track and monitor repair information, performance reporting, maintenance records and scheduling with one- click online access to your fleet. Consistent fuel prices and automatic expenditure tracking at over 2,0. Preventive maintenance scheduled four times a year, online status updates on unscheduled repairs. Driver training with classes at customer headquarters, online and at leasing locations. Government- mandated vehicle assessments performed and reported automatically. Body maintenance and repairs available nationwide with fast, warrantied work. Flexibility for growth so businesses can make sure their increased capacity needs will continue. Disposal of old vehicles without wasting time, money or energy.
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December 2016
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