Here are just a few reasons why a company may choose to lease new equipment for their fleet:
Reduce Maintenance Costs
Aging fleets can send maintenance costs soaring. It may be possible to obtain new equipment at a monthly expense comparable to what you are currently spending to keep your older equipment on the road.*
Improve The Company Image
Your trucks and trailers are mobile billboards for your company. What does your equipment look like to others? Updating your fleet may not only impress your customers, it may help you to recruit or retain your drivers.
Depending on the type of lease you choose, equipment can be returned at the end of the lease without further obligation. This can be very helpful if customer contracts are not renewed or business circumstances change.
Tax and Accounting Benefits
Depending on your situation, leasing may have significant tax and accounting benefits.*
*Keep in mind, every company’s situation is different. Consulting with your financial, tax, legal, and insurance advisor is important before making decisions about the financing of equipment.*