Should Businesses Lease or Buy Truck For Their Transportation Needs? - One2Rent
13452
post-template-default,single,single-post,postid-13452,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,footer_responsive_adv,hide_top_bar_on_mobile_header,qode-content-sidebar-responsive,qode-theme-ver-14.1,qode-theme-bridge,wpb-js-composer js-comp-ver-5.4.7,vc_responsive
 

Should Businesses Lease or Buy Truck For Their Transportation Needs?

Should Businesses Lease or Buy Truck For Their Transportation Needs?

Should business lease or buy truck for their transportation needs

If you have at any point considered getting a truck for commercial purposes, then the options of buying or leasing would probably have come up. This article seeks to describe the benefits of truck rental Singapore.

Advantages of Truck Leasing

Naturally, purchasing a truck upfront is more capital intensive and requires that you account for depreciation costs in the long term. In contrast, commercial vehicle rental affords you greater agility due to shorter term horizons and allows you to avoid depreciation cost. By avoiding such high capital cost, especially for new start-ups, you will have greater ability to meet unanticipated needs that arise in other aspects of your business.

The operations of your business will not be the same for the entire year. Demand rises and falls with varying levels of unpredictability. If your business experiences seasonality, truck rentals would be a more viable solution as you have greater flexibility to overcome such variation. In this case, you would avoid the depreciation cost of idle capacity.

Making arrangements with a truck rental company is way easier compared to buying a vehicle. Leasing a truck requires far less effort from you as it involves minimal paperwork and a lower upfront cost. Furthermore, truck rental Singapore companies offer flexible arrangements for prospective clients.

When is Buying the Right Option

Buying your own commercial truck affords you greater control over its use and customisation. In particular, you will not need to restrict mileage driven per period which is often a requirement in leasing. Additionally, you can customise the truck for your business needs without seeking permission.

Ultimately, it is up to you to evaluate your current business needs, forecast anticipated returns and then decide if buying or leasing a truck is the better alternative for you.

 

 

3 Comments
  • BusterJuicy
    Posted at 06:25h, 31 July

    Hi. I see that you don’t update your website too often. I know that writing
    posts is boring and time consuming. But did you know that there is a tool that
    allows you to create new articles using existing content (from article
    directories or other websites from your niche)? And it does it very well.
    The new posts are unique and pass the copyscape test.
    You should try miftolo’s tools

  • https://twitter.com/xxxlovers2015
    Posted at 06:56h, 18 August

    My programmer is trying to persuade me to move to .net from PHP.

    I have always disliked the idea because of the expenses.
    But he’s tryiong none the less. I’ve been using Movable-type on a variety of websites for about a year
    and am concerned about switching to another platform.
    I have heard excellent things about blogengine.net.
    Is there a way I can import all my wordpress content into it?
    Any kind of help would be really appreciated!

  • BestRoxanna
    Posted at 03:39h, 19 August

    I see you don’t monetize your website, don’t waste your traffic, you can earn additional cash every month.
    You can use the best adsense alternative for any type
    of website (they approve all websites), for more details simply search in gooogle:
    boorfe’s tips monetize your website

Post A Comment