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 box truck rental.
How to get a box truck lease with good deals
You how Amazon made things somewhat cheaper? They did it by allowing many sellers to compete on their platform.
Rentalyard.com is doing the same thing with truck leasing market. The company allows many 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.
So if you want any type of box truck at an affordable monthly leasing rate, visit rentalyard or a similar marketplace to find one.
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.
Can I lease a box truck with lift gate?
Absolutely yes. 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?
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 trucks including box trucks.
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.
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.
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. This is because such businesses can confidently expect all the trucks they lease to be perfect.
FAQ about Box Truck Lease
What do you need to lease a box truck?
The actual 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.
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. Just consult a lawyer to get the right lease agreement written between you and the company and everything should be okay.
What does your credit score have to be to lease a truck?
Any credit score above 620 is considered good enough for a car lease. 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 acquiring or leasing a box truck and then advertising your services to potential clients such as furniture businesses and so on, on platforms such as rentalyard.com.
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 lease a box truck.
The top truck leasing companies include Ryder, Penske, Idealease, and XTRA Lease. You will generally need a good credit score to lease a truck cheaply.