Transportation industry is one of the top 5 industries in the United States economy. Without the industry and truck drivers the economy will come to a standstill. As a trucking industry professional you know you have an essential role in the industry. When it comes to truck you have many options - to own, to rent or to lease your truck. While the difference between owning and renting a truck is evident, most of us still place truck rental and truck lease in the same box. There are many similarities between rental and lease, but there are some important differences that you have to know before you choose any of those two.
Rental is a short term solution when you need the truck either to meet seasonal demands, unexpected breakdowns, or a special delivery. With a week-to-week rental option you can return the truck when you no longer need it. Don't get in a situation where you don't have equipment for your drivers. Rental is perfect solution when you have extra drivers, or when you lose a driver you can simply return your rental truck and you have no overhead.
Lease is a long-term and cost-effective solution to fleet management. What are the major benefits of leasing?
- new trucks in excellent condition
- trucking companies have more control over their monthly expenses
- lower upfront fees
Compass offers both, rental and leasing solutions. No matter which option you chose, it will all depends on what your business needs are. If you need the truck for a short period of time then rental is something that will be better for you. If you need a truck that can serve you for longer time then just lease one. We want you to be successful no matter which option you choose.
Our Rental and Leasing Departments will be glad to answer any questions and offer you assistance. Please contact us at (630) 614-1780 or email us here
Educate yourself so you can always make the best decision for your business.
Smart Business always brings success!