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LEASE VS OWNERSHIP

Full-service leasing offers a flexible, cost-effective alternative to the long-term commitment of ownership in the industrial trucking industry. With full-service leasing, companies avoid the heavy upfront costs of purchasing trucks, ongoing maintenance expenses, and the challenges of depreciation. Leasing provides the freedom to scale fleet size based on demand without tying up capital, giving businesses the flexibility to focus resources on core operations. Additionally, full-service leasing programs often include maintenance, repairs, and 24/7 roadside assistance, ensuring minimal downtime and reducing the burden on in-house staff. Embrace full-service leasing for efficient, hassle-free fleet management that grows with your business.

THE HIDDEN COSTS OF OWNING YOUR FLEET

EASY TO IDENTIFY 

  • Capital Investment for Vehicle

  • Cost of Capital/ Interest Expense

DIFFICULT TO IDENTIFY

  • Vehicle Procurement Process: Equipment Evaluation; Spec'ing; Financing; Acquisition

  • Opportunity Cost of Capital & Reduction in Available Lines of Credit.

  • Vehicle Legalization Cost; State Sales Tax; Licensing; Federal Highway Use Tax (FHUT); Fuel Permits; Ad Valorem/Personal Property Tax; State Inspections; Fines/ Penalties, ext.

  • Administrative Cost: Fuel Tax Reporting; Licensing, Taxes, Permits Processing; Maintenance & Repair Invoice Approval & Account Payable s Processing; etc.

  • Scheduled Preventive Maintenance Costs.

  • Unscheduled Repair Cost: Engine/Powertrain; Component Replacement; Wear Items. 

  • Tires.

  • Ever-increasing Parts & Labor Costs.

  • Catastrophic Repair Cost Risk.

  • Emergency Road Service/ Breakdown Repair Cost.

  • Towing.

  • Replacement Vehicle "Sub" Cost.

  • Vehicle Washing.

  • Owned Garage Expenses (if applicable).

  • Vehicle Disposal Costs.

  • Impact of Increased Downtime on Your Customer Service.

  • RISK

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