If you own your fleet of trucks and they’re several years old, it may be time to think about selling and getting new vehicles. However, before you buy an entire fleet, you may want to check into the benefits of choosing a good leasing plan. In fact, some plans may be the truck fleet management solution that you seek and here is why.
Options
When you buy your vehicles, you must make sure they’re properly maintained, and you have some options. On the other hand, leasing can give you more options to choose from. For instance, you can go with an open-end or closed-end lease.
Open-end leases give you the chance to upgrade your vehicles every year if you choose a one-year plan. At the end of your lease, you buy the trucks, sell them, or lease them monthly. With all these options, you are sure to find the right truck fleet management solution for your company.
Maybe you’d like to check out closed-end programs. They may cost more upfront, but you have few obligations. For example, when the lease expires, you can walk away, and you don’t have any responsibilities. This is why these programs are often called “walk away” leases.
More Cash Available
Many companies today have problems when they need cash. In fact, most of your cash may be tied up in assets, and this can make it hard to expand or bring new products to market. When you lease, you don’t have to come up with a large down payment, and you can use the money for other purposes.
Better Fleet Management
Leasing your vehicles through a fleet management company may be the best truck fleet management solution for you. They can help you with maintenance plans, telematics, and many issues associated with managing your vehicles. This can greatly increase your efficiency.
