Operating a commercial truck can be an excellent option for those that want a rewarding career that also provides substantial independence. However, there are a number of options that can be pursued for acquiring the specialized truck needed for this occupation. For those that are considering starting a career as a commercial driver, it is important to understand the following two benefits of buying versus leasing your truck.
Enjoy More Control Over Your Vehicle
Commercial drivers will spend a substantial amount of time in their trucks, and this can quickly become an uncomfortable and stale environment. Not surprisingly, there are many people that will invest in making numerous comfort upgrades to their vehicles, such as heated seats or a sleeping area. Unfortunately, if you are only leasing the truck, you may not be able to do this without first obtaining written permission from the company that holds your lease.
While your leaseholder may approve some minor upgrades to your vehicle, you can simply avoid this problem by opting to buy your own truck. In addition to being able to make your desired upgrades, this will also free you from having to follow the leaseholder's required maintenance schedule, which can conflict with your scheduled hauls.
Reduce The Costs Of Owning Your Commercial Truck
In addition to granting you more freedom over your vehicle, opting to buy your truck may quickly prove to be the more economical option. When you lease your truck, you will be required to make monthly payments on the vehicle, and these payments can be almost as high as the payments for purchasing this type of truck. However, lease payments will not build equity in the vehicle like it would if you were simply buying the vehicle.
At the end of your lease, you will be required to either return the vehicle to lease another one or purchase the truck you have been using from the leaseholder. As a result, you may find that buying your truck will prove to be the more economical option over the course of your career as a driver. Should you decide to buy, look into purchasing a used truck from a company such as Arrow Truck Sales in order to save even more money.
There are many opportunities for commercial drivers, but this type of job is impossible without the right vehicle. By understanding these two important but often overlooked benefits of buying over leasing, you will be in a position to make a much better informed decision about whether buying or leasing a truck is the best option for your particular situation.Share