Once you have selected the equipment necessary for your kind of trucking outfit, you need to decide whether you want to buy or lease the equipment.
When purchasing an equipment, the salespeople normally present the option that allows them to sell or lease the trucking equipment.
Having said this, their words are not always presenting the best option for your company.
Therefore, when you decide to start a trucking business, you need to plan the strategy right ahead of time.
To Lease or To Buy: That is The Question
Deciding to buy an equipment is rather straightforward. Putting down a payment and get a loan might not be the wisest thing but it has its perks.
For instance, after making the payment, you actually own the equipment which is not the case when leasing the equipment.
In particular cases, there are lower payments. For instance, leases are similar to rentals where paying monthly fees is obligatory for the use.
