Do Rental Companies Also Lease Moving Truck?

Moving Truck Leasing

Leasing a moving truck benefits your business in numerous ways.

You don’t have to bother about upfront costs or maintenance and repair expenses. This helps you save money in your business while keeping your fleet up to date.

After learning the benefits of leasing a moving truck, the next vital step is to know where to get a truck lease.

Fortunately, this article discusses moving truck rental companies that lease vehicles and the kinds of moving trucks they have. 

Do moving truck rental companies also lease vehicles?

Yes, although not all. Several moving truck rental companies offer leasing options.

A moving truck is a depreciating asset and purchasing one is expensive.

When leasing a vehicle, you don’t have to pay upfront, and you also have access to lesser fixed monthly payments. 

Furthermore, leasing a vehicle doesn’t reflect on your company’s balance sheet as an asset, saving you money.

On average, a small truck’s lease costs $300/month for 36 months, and a large truck or semi-truck lease costs $1000/month for 36 months. 

Since lease payments differ for moving truck rental companies, you have to get a quote from the leasing company. View top companies for semis!

The monthly lease payment depends on the truck’s annual mileage, type of lease, length of lease, the truck’s residual value, and additional features in your lease agreement.

Moving truck companies that lease vehicles 

The top truck rental compan

  • Penske

Penske is a moving truck rental company that provides full-service leasing.

Before choosing a truck, the company analyzes your transportation needs to help you make informed decisions.

Penske has over 316,000 vehicles in its fleet, including box trucks, bobtails, and straight trucks. Read full leasing for box trucking!

The trucks are from light-duty manufacturers such as Ford, GMC, Hino, and Isuzu.

They also offer medium and heavy-duty trucks from manufacturers such as Freightliner, Hino, Volvo, and International.

Penske has several service locations across the U.S, Canada, and Mexico.

The company’s full-service leasing deal does not require a down payment, and their roadside assistance is available 24 hours every day.

Furthermore, you make a single monthly payment that covers maintenance and upkeep costs, and there is no residual risk at the end of your lease.

You can also budget and forecast because the monthly payment is fixed. Read full Penske Leasing here!

  • Idealease

Idealease is another moving truck rental company that provides full-service leasing programs.

The company has service locations across the U.S, Canada, and Mexico.

With over 45,000 trucks, tractors, and trailers, the company leases industry-leading vehicles.

If you’re leasing a truck from Idealease, you can choose between short-term and long-term leasing

The company’s lease agreement is flexible, giving you access to 24-hour roadside assistance, no down payment, and fixed monthly lease payments. Review of Idealease leases and rental here!

  • Merchants Fleet

Merchants Fleet has several lease programs.

You can choose from the long-term, short-term, open-end, closed-end, value lease, and own-to-lease options.

The rental company partners with leading manufacturers like GMC, Ford, RAM, and Subaru to give you the best trucks on the market. You may compare with Advantage Leasing!

  • Ryder

Ryder is a leading truck leasing company with many trucks, including box trucks, straight trucks, stake trucks, and refrigerated straight trucks available.

With their flexible lease offers, you can choose short, medium, or long-term leases ranging between one and ten years. 

Furthermore, Ryder has over 800 service stations, making them accessible.

The company also provides full-service, preventive, and on-demand maintenance options.

In addition, Ryder’s truck lease deals include a free total cost of ownership analysis with a value of $1,500 or the Ryder SelectCare preventive maintenance starting at $45/month. 

How does Ryder Leasing company help start up

Conclusion

Although there are several moving truck rental companies, not all have leasing programs.

Nevertheless, the ones that do offer flexible programs, including maintenance costs, 24 hours roadside assistance, and single monthly payments are detailed in this article.

Whenever you want to get a truck, you can get a quote from a rental company of your choice.