A box truck lease is a situation whereby one “rents” a box truck for an extended period of time.
It is cheaper to lease a box truck than to actually rent it on a daily or weekly basis for an extended period of time.
Businesses normally lease box trucks to use them for deliveries, to carry tools and equipment, and to transport cargo.
In this post, you will discover important facts about how to lease a box truck and rental.
How To Get A Box Truck Lease With Good Deals
You know Amazon made things somewhat cheaper? They did it by allowing many sellers to compete on their platform.
Rentalyard is doing the same thing with truck leasing market. The company allows many box truck leasing companies to offer their trucks on its online platform.
It is by searching this or similar platforms that you will be able to find exciting box truck leasing deals in many cities across the United States.
How much does it cost to lease a box truck?
Looking to know how much does it cost to lease a box truck?
If you want to lease a box truck for an extended period of time such as five years, you should expect to pay about $800 a month if your business is has a good credit score and is more than two years old.
If your business does not have a good credit score and it is less than two years old, you should expect to pay about $1,000 a month to lease box truck.
What are average 26 foot box truck lease cost in US?
|Rental Company||Price per day||Location|
|Penske||$299.99 plus $1.29/mile||One way, New York|
|Enterprise Trucks||$97.28 plus $0.99/mile||One way, Alabama|
How to lease a box truck in Canada Vs USA?
To lease a box truck in Canada, the average down payment on truck financing ranges from 10% to 30%, based on the strength of your application which is quite different from how it is done in the United States.
In the US, even though payment is important, they are a couple of requirements that are equally important as well such as credit score and licensing insistence learning.
Which company lease a box truck with lift gate?
Enterprise rent box trucks with liftgate at competitive prices. The company is best known for its presence across the country and for impressive customer service.
What are the requirements to lease a box truck?
To lease a box truck, here are the requirements:
Can I lease box truck with lift gate?
Absolutely yes – officially possible to lease box truck with liftgates. There are many businesses out there that lease various size trucks with lift gates.
A lift gate is a machine at the rear end of a truck that is used to quickly and almost effortlessly load or unload a truck.
How much does it cost to lease a Ryder box truck?
It costs about $1,150 to lease as box truck from Ryder. This is not very expensive. However, it is not very cheap either.
How much does it cost to lease a Penske box truck?
How much does it cost to lease a box truck from Penske? To lease a Penske box truck, you should expect to pay approximately $1,000 a month.
Rental Yard Vs Ryder box truck leasing
Rental Yard is somewhat cheaper when compared to Ryder Box Truck Leasing.
This is because Rental Yard allows different truck leasing companies to advertise their truck leasing services on its platform in contrast to Ryder Box Truck Leasing which is one company.
So if you want somewhat more affordable truck leasing monthly rates, you should choose rentalyards.com.
Moreover, if you want a bigger variety of trucks that you can rent and more locations, you should also visit rentalyard.com instead of ryder.com.
Top 5 box truck leasing companies in USA
- Penske Truck Leasing
Penske is one of the most popular moving truck rental companies.
The company has a nationwide presence and some of the most affordable rental rates for different types of trucks.
The company is also involved in leasing trucks.
It leases various types of vehicles and their box truck lease is very popular.
- XTRA Lease
Unlike Penske Truck Leasing, XTRA Lease is strictly involved in truck leasing.
The company is not so much into the truck rental game.
This truck leasing company is best known for leasing trucks at an affordable price.
It is also known to allow customers to track their leased trucks.
So if you want to lease a large number of trucks and track them efficiently, you should call XTRA Lease and ask them about tracking.
And, yes they do box truck lease!
Ryder is one of the most popular truck leasing companies across the United States.
If you are usually traveling on highways, then you must have seen at least one Ryder truck for house moving, commercial freezer, industrial etc.
The company has been in existence for more than eight decades and has plenty of experience. In most Ryder locations, you will find a variety of box trucks that you can lease.
And when you choose to work with Ryder, you will get regulatory support plus complete roadside assistance.
- Wyatt Leasing
This company is also involved in the leasing business. It provides nationwide leasing services.
The best thing about Wyatt Leasing is that the company has one of the best customer service departments.
They will explain everything to you very courteously. The company also has a variety of trucks that you can lease at relatively good rates.
This company leases premium box trucks. So if you want box trucks in absolutely perfect condition, this is the company you should visit.
Idealease is perfect especially for businesses that want to lease a number of box trucks at a go.
FAQ about Box Truck Lease!
What do you need to lease a box truck?
The requirements to lease a box truck and documents that you will require will vary from place to place.
Generally, your business simply needs to have a good credit score and you should be able to lease a box truck.
In case your business does not have a good credit score, you can still lease a box truck from some businesses if you use a cosigner.
Related: View the most affordable big 3!
The Pros and Cons of leasing a box truck vs buying?
Leasing a box truck is less expensive as you would not have to pay high end upfront costs.
Also, you would not have to concern yourself with the maintenance of the truck. However, you cannot make changes to a leased truck since you’ve only leased it and do not own the truck.
What should I do to buy a truck on lease?
To buy a truck on lease, you’d have to be prepared to pay a commercial truck lease fee between $800 and $2,500 per month. You would also have to get a good credit score as well.
Some truck leasing companies can sell their truck to you, while others flat out refuse.
If they agree to sell their truck to you, you will probably need to pay an extra amount monthly or by a certain date.
Is it profitable to rent a box truck for a month?
The profitability of renting a box truck for a month is dependent on a few factors which include the price at which you’re renting the truck and the customers you already have at hand to cover the cost of renting the box truck.
How much does it cost to start a box truck business?
To start a box truck business, you would need to buy a truck and the price of a new truck ranges from $25,000 to $90,000.
However, you don’t have to spend that much, you could easily buy a second-hand box truck that’s in good condition for about $5,000 to $10,000, although newer models with less mileage can cost up to $40,000.
|Size of Box Truck||Price Range|
|Light Duty (Class 2 and 3)||$25,000 to $45,000|
|Medium Duty (Class 4)||$35,000 to $50,000|
|Medium Duty (Class 5)||$45,000 to $70,000|
|Medium Duty (Class 6)||$50,000 to $90,000|
How does box truck lease to own work?
A lease to own agreement is a deal in which you commit to renting the box truck for a specific period of time, with the option of buying it before the lease runs out.
When you want to rent a box truck for an extended period of time e.g. 1 year or 2 years, you lease it instead of renting it.
When you lease a box truck, you are allowed to use it for the lease period and then to return it. It is generally cheaper to lease than to rent for a long period.
Which are best box truck for lease brands and sizes?
Some of the different brands and their sizes are detailed below:
|Rental Company||Truck sizes|
|U-Haul||10 ft., 15 ft., 17 ft., 20 ft., and 26 ft.|
|Budget Truck Rental||12 ft., 16 ft., and 26 ft.|
|The Home Depot Truck Rentals||12 ft., 16 ft.,21 ft., and 26 ft.|
|Enterprise Truck Rental||8 ft., 10 ft., 15 ft., 24 ft., and 26 ft.|
|Penske Truck Rental||12 ft., 16 ft., 22 ft., and 26 ft.|
How big is truck rental and leasing market in America?
The box truck rental business in America is certainly a big one as there are a lot of brands looking to join the ever-growing market.
There are already the bigger brands in U-Haul that boast about 20,000 different locations in the USA. It is a really big enterprise in America today.
How much does it cost to lease a 26ft box truck?
The cost of a 26ft box truck is different with many brands and the distance covered is also put into consideration.
It costs between $1,000 and $1,400 a month to lease a 26 ft. box truck. The cost of leasing a truck usually depends on the company you are leasing from. Moreover, it is also cheaper to lease a box truck than to buy it.
Is it better to lease or buy a box truck?
It is better to lease. If you want a good box truck to use for a couple months or years and you do not want to pay a lot of money per month, you should lease one.
If you want a box truck to use “forever” and you have the money to buy it, you should buy it to avoid paying a small amount every month.
Do you need good credit to lease a box truck?
Yes, you do. If your business has a good credit core, you should find it easy to lease a truck at an affordable monthly rate.
If your business has a bad credit score, you may find it difficult to lease a box truck especially at an affordable monthly rate.
Does it make sense to lease a truck?
Yes, it does. If you do not have the money to buy a truck and you want a truck to use for a year or two or three, it makes sense to lease a truck.
After all, renting a truck daily, weekly, or monthly for some time is going to be too expensive.
Can I lease my box truck to a company?
Yes, you can. If you have a box truck and you feel that it could make you money if you lease it to someone or some organization, you should contact a lawyer to help you.
The lawyer will help you to draw a lease agreement that allows you to legally and safely lease your truck and get money from it.
What does your credit score have to be to lease a truck?
You need a credit score of at least 620 to be on the good side of most organizations that are in the business of leasing trucks.
Generally, a bad credit score does not necessarily mean you cannot lease a truck. It simply means you will find it difficult to do so.
How do I start a box truck business?
You start it by getting your own box truck. You can get it by buying it or leasing it. Once you get your own box truck, you need to go online to advertise your business/lorry to websites such rentalyard.
Summary About Box Truck Lease!
Leasing a box truck is an easy way to acquire a box truck for long term use without having to pay a lot of money every month.
This is because it costs between $800 and $1,000 a month to get a solid box truck lease.
You will generally need a good credit score to lease a truck cheaply.