Leasing a commercial truck gives you the right to use it as you wish, for the period the lease lasts. Naturally, there are also certain conditions. The person leasing you the vehicle is responsible for maintenance and repairs, but not if it was your neglect or misuse that caused the damage. You will be required to make monthly payments, same as if you were renting an apartment.
If you need a commercial truck for your business, leasing is a very good option, especially if you cannot afford to pay a big sum of money upfront. Considering that you will not pay for the cost of the vehicle, the commercial truck leasing monthly payments may be even lower than a loan, which makes the lease affordable, especially if you compare it with the utility of the truck for your business.
Leasing is good because it allows you to avoid debt and, once the lease agreement comes to an end, you can choose to upgrade to a better vehicle. On the other hand, you also have the option to purchase the truck at the end of the lease, for its residual value (which is determined in the original leasing contract).
Loaning a commercial truck is not so great, mainly because it is not an investment; you are just using someone else`s vehicle. There will be higher monthly payments and you will likely be required to purchase extra insurance.
A fleet of trucks is not easy to manage. While you might have gotten a great deal for your trucks through specialized fleet management companies, but organizing everything so you can use them efficiently to bring you profit for your business is entirely different.
Hiring the right truck drivers is one of the most important and difficult tasks you’ll have to focus on as soon as you got your new truck fleet. While you might find a lot of good candidates simply by coming up with a good ad to put in the newspaper or online, the screening process is also very important.
Experience is one of the most essential aspect of hiring a truck driver. Driving trucks for long periods throughout the city and out of town can be taxing, and you need to make sure that you hire an experienced team of truck drivers who can complete their work without making mistakes or falling asleep at the steering wheel.
You also have to make sure you hire drivers who can take the initiative and handle lesser known routes or route changes, especially if your business is new. You might need to reorganize your drivers and send some trucks on different routes from time to time, so you also have to make sure your drivers can easily adapt to such changes.
Leasing commercial vehicles and heavy equipment can come with great responsibility, especially if you’re investing a lot of money into those vehicles, and your profits are still somewhat shy to show themselves. As a result, making sure to avoid the need for any repairs and keep your commercial vehicles and heavy equipment safe should be one of your main concerns during the beginning stages of running a large delivery or transportation service.
The first thing you have to focus on is to make sure that all your drivers are properly screened and selected among the best commercial drivers that you can find in your area. Make sure that they are not only familiar with safe driving practices, but that they also know how to drive preventively, so that they can avoid accidents and make sure that the vehicles they are entrusted with remain in prime condition for as long as possible.
Frequent maintenance is also very important. If you have a maintenance related agreement associated with your heavy equipment leasing contract, make sure to review it and discuss the points that are not satisfactory enough with your leasing company.
Finally, if you notice any technical problem with any heavy equipment or vehicles, make sure the leasing company is made aware of the problem and that they replace your vehicle as soon as possible. Failure to do so might result in the need for expensive repairs, and the company might end up blaming the issue on you, since you haven’t notified them in time.
Fleet vehicle downtime can be a real problem if you pay for your fleet vehicles on a regular basis. A fleet management Colorado leasing contract will provide you with many potential advantages, but it will also have you losing a lot of profit when you don’t use your vehicles. Since you’re paying for having them for just a limited time, it’s important to plan ahead and know exactly how to deal with it.
Fleet vehicle downtime has to do with situations when your fleet vehicles aren’t being used. This can happen for a number of reasons:
• Your business might be stagnating. • One or more of your vehicles might be grounded for maintenance or repairs. • You could be forced to avoid using your vehicles for a certain job due to safety issues. • You might have to wait for permission to use your fleet vehicles for a new type of delivery that you don’t yet have authorization for.
Regardless of why the downtime is happening, it’s important to try to identify who is responsible for it and what has to be done to relaunch your vehicles as soon as possible. Your response time in this case is extremely essential, as is being able to foresee possible downtime periods, account for them, and compensate for the losses through methods such as coming up with better marketing strategies or increasing your delivery costs temporarily.
So you’re in town for a conference or visiting a friend, and you didn’t want to drive your car all the way there or to have it delivered, since it costs a lot, and you already spent a lot of money on your plane ticket. Under the circumstances, the most practical course of action is to rent a car and get around easily that way.
Unfortunately, renting a car in a city you barely know can be fraught with challenges. Aside from not having a clear idea of where to go to rent the best vehicles, there are also many other considerations that you’ll have to keep in mind.
The first thing you have to do is check out some of the reviews associated with car leasing companies throughout the city. Make sure you find the best rated fleet leasing companies, and look up reviews written by real clients before choosing the one you like the most.
Consider test driving the vehicle before leasing it, and make sure all the paperwork is in order. You should pay special attention to the insurance policy that the company has in place and ask questions about what you can expect in case there’s a problem with the car.
Finally, it’s also a good idea to compare prices and make sure that the company you chose isn’t too cheap or too expensive. Stay within your budget, and look for discounts if possible as well.
Lee, It was a pleasure working with you and your staff! I can safely tell you that the experience was smoother and more service oriented than other companies and dealerships I’ve dealt with. I look forward to working with you again. ~ Sean B.
I don’t know why anyone would do anything else. One call gets me the truck I want, with shelves and logos. I have almost no cash out of pocket – so I can keep that money towards working in my business, And when I’m done, Alliance makes the trucks disappear, and gets me a fair price. It’s like having an “easy button” for my fleet. I would recommend Alliance to everyone. ~ Howie M.
We’ve been working with Lee and Alliance Leasing for more than 20 years, and have leased hundreds of trucks. We’ve been sold on other options over the years, but we’ve always come back to Alliance because of the integrity and high level of personal service. They always work to accommodate our special needs. ~ Andrew S.
I never considered leasing before because I thought it wouldn’t work for us. We put on a lot of miles and we’re very hard on our trucks. After reviewing the proposals, I was surprised at the discounts Alliance was able to negotiate for us and the advantages of owning. We saved over $5,000 per truck compared to what the dealer had offered. Alliance did exactly what they promised, and made the process simple. ~ Victor G.