Most business owners are unsure if they should lease a pickup truck or simply purchase one.
Both options come with their pros and cons, which you need to consider diligently before making a choice.
Nonetheless, choosing between leasing and purchasing a pickup truck depends on what you want and the factors that surround your business.
Factors like how much (time and money) you are willing to spend without it negatively affecting your business also come into play here, among others.
Can You Lease A Pickup Truck?
Leasing a pickup truck is possible and commonplace in our society today, just as it is with other vehicles.
Leasing is a significant way most business owners use to avoid the high cost of purchasing a vehicle and the accompanying maintenance costs.
Leasing a pickup truck will cost you significantly less in terms of monthly payments than purchasing a new truck for your business.
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Benefits of leasing a Pickup truck
There are many benefits available to business owners when leasing a pickup truck.
When you consider that the goal of every business is to make profits then cost-effectiveness has to be at the very top of the list of benefits.
However, the benefits of leasing a pickup truck is not limited to money alone.
From financial reasons to avoiding maintenance and repair stress, we discuss the advantages of a truck lease below.
- Leasing is cheaper and helps your business make more profits
Many businesses who know their way around opt for leasing rather than purchasing a pickup truck because of the financial constraints it poses on their business.
The cost of leasing is always cheaper than what it takes to buy a new pickup truck, even if you have to pay in installments for the new truck.
Furthermore, leasing a pickup truck helps you and your business avoid hidden costs linked with purchasing a truck.
Examples of these hidden costs include taxes, towing costs, overhead costs, amongst other costs that come along the way.
Leasing a pickup truck instead of buying one also saves you from committing to a large up-front payment and releases you from being responsible for covering the finance charges and sales tax of your vehicle.
Remember that the goal of your business is to make a profit as you provide services to people? View how box trucking lease works!
You would not want to spend the bulk of your profits on monthly payments for a new truck because you have a business to run.
Therefore, leasing ensures your monthly payments are significantly lower, which in return means more profit for your business. View financing bad credit tips!
Lastly, you get to avoid the cumbersome paperwork involved in purchasing a pickup truck for your business, giving you ample time to focus on running your business.
- Immunity to depreciation costs
This benefit is common with all vehicles when you lease them because vehicles generally decrease in value after you purchase them.
You will never sell them for the same price after use.
With leasing, the effect of depreciation in cost does not affect you as it often does with new pickup truck owners. See how benefits of Ryder truck lease!
Leasing has no depreciating financial effect on your business’s net worth, making you and your business immune to this factor that somehow seems to affect everyone.
It’s pretty much like eating your cake and having it.
- Repair and maintenance costs
Leasing a truck saves you the stress of worrying about how much your business needs to put aside for repair and maintenance costs.
It makes it possible for you to spend a lot less on the repair and maintenance of your truck.
Options like the full-service lease mean your rental company will handle all the expenses that spurn from this angle.
- Leasing offers better flexibility
Coughing out a huge down payment for a pickup truck is often a major turn-off for most business owners.
Therefore, most people opt for leasing because the payment plans are more flexible than when purchasing a truck. You may love PENSKE lease!
Moreover, leasing terms for trucks come with a fixed monthly payment plan, which helps you plan ahead of time and properly manage and allocate your finances.
This plan helps make proper business investments and handle emergency expenditures in your business.
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- Reliable emergency roadside breakdown assistance
Leasing a truck, unlike ownership, means your vehicle will never be stuck on the road without swift and immediate help coming to your rescue.
One primary advantage of leasing is the 24 hours and 7-days a week Emergency Roadside breakdown assistance you get from most truck rental companies.
You are never tasked with handling the emergency repairs of your trucks when they break down.
If your leased truck ever breaks down on the road, all you have to do is contact the standby mechanic assigned to you for assistance.
The experienced mechanic is always well equipped to handle almost every issue you can come up with, and if he can not handle it in time, the rental company will bring an alternative vehicle to you.
Best 5 Pickup Truck Leasing Companies
- Penske Leasing Deals – read reviews!,
- Enterprise leasing, and
- Ryder Leasing Program – read more!
These are the top 5 best pickup truck leasing companies available for your business.
They are reliable and have proved their worth over time. View our Advantage lease reviews!
What are the Best Work Truck Lease Deals in the USA?
There are several affordable work truck lease deals available in the USA.
Here is a quick list of what these deals look like.
- 2022 Nissan Frontier: $259 per month.
- 2022 GMC Canyon: $279 per month.
- 2021 Jeep Gladiator: $289 per month.
- 2022 Ram 1500: $309 per month.
- 2021 Ford F-150: $389 per month.
- 2021 Nissan Titan: $399 per month.
- 2022 Honda Ridgeline: $409 per month.
Frequently Asked Questions
What are Enterprise truck rental prices for pickups?
The rental price for a pickup truck on Enterprise depends on the model, make, location, and availability.
The rental price will include a price-per-day plus a price-per-mile for moves greater than 300 miles.
Ideally, you should expect a pickup truck rental price between $90 to $706 per day, in addition to $0.20 to $3.60 per mile.
How good are Ford lease deals?
Recent Ford pickup truck deals are decent, especially from 2021 and 2022.
Here is what to expect in terms of monthly payment lease deals.
- 2021 Ford Bronco: $297 per month.
- 2021 Ford Escape: $299 per month.
- 2021 Ford F-150: $389 per month.
- 2021 Ford Mustang: $343 per month.
- 2022 Ford Edge: $408 per month.
- 2022 Ford Explorer: $421 per month.
What is the big deal about RAM lease deals?
RAM offers you lower monthly lease payments and lower overall costs than traditional financing loans.
You do not need to bother yourself with the process of selling the vehicle when your lease is up. Shorter contract terms are in place for leasing than for a car loan.
Furthermore, law enforcement officers, firefighters, and EMTs get a $500 discount on select 2021 and 2022 Ram trucks or vans. You can contact a local dealer for more details.
What are Ford commercial lease rates?
Ford commercial lease rates are lower than most similar term finance payments.
The payment terms are flexible, ranging from 12months to 72months plans.
It has no acquisition, up-front administration, or termination fees.
Leasing a pickup truck for your business can come in handy in terms of maximizing your profit and reducing costs.
A full-service pickup truck lease means the rental company will handle a great deal of the vehicle’s repair and maintenance costs.
Leasing is often more profitable than purchasing a vehicle as it affords you more time to focus on your business and make more money.