Are you looking for a commercial leasing company to get a truck or trailer on lease? Getting a new truck for your business can accelerate your productivity and take you on the road to quick growth. Not only this, it can save you thousands of dollars on buying. There are various types of trailers available on leasing and the leasing terms varies based on your requirements.
In this blog post, we’ll discuss the reasons why you should opt for leasing a trailer, rather than buying or financing.
- Allows Easy Modification To Your Fleet
There’s a lot of uncertainty in logistics businesses. What would happen if your client starts requiring only chilled goods? What if gas prices rise suddenly? Fortunately, leasing a trailer allows you far more freedom than purchasing a fixed asset when it comes to modifying or upgrading. You can modify the terms of the lease to suit the demands of your business.
- Improves Trailer Purchasing Power
Have you ever seen equipment that is ideal for the job but is monetarily out of reach? Leasing allows you to afford the best trailer for the work at hand. If your equipment is outdated, it can cost you money and diminish overall efficiency. Using or purchasing an old trailer has reduced short-term costs.
- Save Money With Lower Payments
If you’ve conducted a search for purchasing a trailer outright, you are aware of how expensive it is. A huge sum of money is needed to buy a truck trailer. The financial strain on your organization may make it less agile and adaptive. You are reducing the financial risk associated with the asset by leasing a more recent truck trailer. Having extra savings allows you to be better equipped to handle unforeseen events.
- Simpler Bookkeeping & Tax Deductions
You can deduct the whole cost of leasing as a business expense. The amount leased is tax deductible, even in cases where you have a lease to own. A big capital asset purchase cannot be immediately written off in full. Every year, they depreciate or amortize. You can only deduct a certain amount from your taxes, so the full sum will usually not be taken out for at least five years.
- Prevent Storage Fees & Maintenance Expenses
Trailers need regular maintenance to prevent malfunctions and are challenging to store. If you purchase a trailer, you must store it in your yard, assuming you have enough room. Furthermore, as the owner, you are fully responsible for any repairs and breakdowns. You can relieve yourself of the stress of maintenance and storage by renting a truck trailer. Be careful to enquire about the specifics of your trailer lease term, since some may include maintenance in the pricing package.
If you are looking for a reliable company providing leasing and financing in Abbotsford, look no other than Sandhu & Sran Leasing & Financing. We are your trusted financers, specializing in truck and trailer financing in Abbotsford and Surrey. For more details, give us a call right away.
