When should a trucking and shipping company consider leasing a trailer? Leasing helps your company reduce the cost of utilizing the trailer during the year. Renting trailers more than three times per year can result in a company spending more money on the drayage for the equipment than the rental charges. If you have had rental trailers for more than six months, it's time you leased the trailer and saved your company money!
Leasing vs. Owning
Each trucking company has unique shipping lanes, customer base and challenges it faces on a daily basis. The best solution concerning trailer ownership varies based on each company's unique financial position and customer requirements. In most cases, it makes sense for companies to own, lease and rent some portion of their trailer fleet.
Why Lease a Portion of Your Fleet?
- New Customer Contracts: Ownership can offer the lowest overall cost and highest cashflow due to the depreciation of the asset. However, ownership can provide a great burden when losing a customer contract and thus the revenue and cashflow it provided. Leasing some portion of your fleet gives you the flexibility you need to weather these bumps in the road.
- Upgrading your Fleet: In case you have not checked into the price of a new trailer recently, they are getting very expensive. Leasing new trailers allows you to upgrade your fleet and your image with your customer. As trailers get older, keeping the reliability high when servicing your customer becomes a bigger issue. Call your local branch and lease a new trailer today!
- Reduced Rates: When you lease a trailer, our costs are reduced and we pass these savings onto you. Ask your local branch how much money you can save leasing a trailer today!
Contact your local Premier representative now to get started.