When many fleet operators think of purchasing and owning a fleet outright, they may come to the decision that the equity built and long term savings in avoiding consecutive planned payments and terms outweighs the pitfalls of leasing. Additionally, they may prefer having more control over their trucks and inventory. However, this option comes with long-term cons of its own.

Furthermore, with a higher upfront cost to the buyer, there is more discouragement to pick higher quality fleet options due to the increasingly high sticker price. As a result this leads to fleet operators taking shortcuts and ultimately subjecting their drivers to sub-par driving conditions.  Moreover they may have trouble finding drivers to begin with.  Also, that saved up-front cost will contribute to your fleets future maintenance needs including maintenance staff management and recruitment. Not to mention ongoing, day to day demanding repairs and services.

One of the major benefits to leasing your fleet vs buying outright is staying up to date on all the equipment a modern fleet requires without the painful up-front costs that come with owning said equipment. Of course it can get increasingly expensive to keep up with today’s technology, leasing allows you to afford to keep up and avoid falling behind in the industry.

THE BENEFIT OF LEASING:

Leasing allows you to keep up with competitors and create an appealing work environment to your drivers at the same time. Additionally, other pros of leasing your fleet include reduced risks and liability to your company. Because of this the stresses of managing a fleet are no longer yours to bare. Then this allows you to focus more on your business, and avoiding depreciation to your vehicles and equipment.