Truck Buying Options – New or Used, Buy or Lease

Truck Buying Options – New or Used, Buy or Lease

The choices are many when it comes to buying a new commercial truck, but the options may be fewer as the prices of new and used vehicles continue to climb. Manufacturers are blaming the price increases on the inflation of the cost of materials as well as government safety and clean air standards, and regulations.

New or Used

Purchasing a new vehicle may certainly seem like the best option. You know everything about that vehicle from its maiden voyage – its maintenance history, accident history, etc. But can your business currently afford the cost of a new truck?

Here are some additional facts to weigh into the new vs. used decision. While the cost of purchasing new is definitely higher, the cost of maintenance is much lower with a new truck. New trucks are equipped with the latest technology helping companies save on fuel and other operating costs, plus they include safety features that can help drivers avoid accidents.

Other considerations in the new vs. used decision are the number of miles the truck will be driven. A truck that will be relied upon heavily and will be putting on thousands of miles per year might best be purchased new. While a truck that is used less frequently and may sit idle for days or weeks at a time, might best be purchased used.

Buy or Lease

Large carriers may have the means to purchase new vehicles with cash, but most companies today finance their vehicles. There are certainly good reasons to finance your truck purchases. The number one benefit is keeping the company’s capital available. But what makes most sense when financing, a loan, or a lease?

Let’s look at leasing first. Leasing payments may actually be lower for a higher quality vehicle as they cover depreciation, rather than equity in the truck. Companies such as NationaLease offer regional and local sources of loans and leases, making availability of financed vehicles easy to secure.

In contrast to the lease, financing a commercial truck has the advantage that once you have paid the loan, you own it. The residual value belongs to the company and depreciation can be claimed annually.

The best choice is to review the options with your accountant. They may recommend one over the other depending upon your current corporate finances. In many cases, a healthy mix of new and used, leasing and financing make for a diverse portfolio within your fleet.

Why C&M Motors

C&M Motors is a locally owned and operated family business serving the greater San Diego area since 1982. With 2 locations to serve you (National City and Vista), we offer a more personalized experience and customized services to meet your business needs. New and used, leasing and financing, as well as service, rentals, maintenance, collision, fabrication, parts, and 24/7 emergency roadside assistance are all available at C&M Motors.

Give us a call to learn more.

C&M Motors Inc

www.cmmotorsinc.com

(800) 736-3443

 

Keep Your Credit Line Open – Lease Your Commercial Trucks

Keep Your Credit Line Open – Lease Your Commercial Trucks

Commercial Truck Leasing

Commercial vehicles can be leased like you would lease a personal vehicle. The terms are similar to a traditional purchase with a contract with a time limit, set monthly payments, but a lease differs in that you have the option to buy or return the vehicle when the lease term expires.

The Advantages

Leasing your company’s commercial trucks offers several advantages to your business. The first of these is cost. In general, leasing is cheaper than traditional pay to own commercial loans. Many commercial leases also have a buy option with a set buyout price at the end of the lease term. Secondly, a commercial lease has a lower upfront cost and a lower down payment. Third, with a lease you can trade in the vehicle at the end of the lease term getting a newer truck, this means you always have the newest and best equipment available. Fourth, many leases include other perks for commercial truck loans including regular maintenance without an out of pocket expense. Finally, a commercial truck lease can be easier to qualify for than other automotive loans which can be useful if your credit score is not perfect or your business just opened.

Things to Keep in Mind

Leasing a vehicle keeps more of your capital on hand for other business needs. Having available capital means your business can respond quickly to opportunities.

Conclusion

Commercial truck leasing is a flexible way to provide for your company’s vehicle needs. The ability to trade-in or buy keeps your options open and the easier loan application helps removes the barrier to entry for getting the equipment your business needs.

C&M Motors, NationaLease of San Diego, is your trusted partner in the commercial truck leasing business. A family business with over 37 years’ experience, we stand behind all of our trucks, our service, fabrication, and fleet services. Give us a call to learn more.

C&M Motors – San Diego’s premiere Hino dealership!

www.cmmotorsinc.com

(800) 736-3443

What Truck Sizes are Available for Lease from C&M Motors?

Having choices of truck sizes and configurations can make the leasing process for you and your fleet manager easier.

C&M Motors has the capacity to furnish and outfit a wide variety of trucks tailored to fit the specific requirements of your transportation needs.

Here are some of the body types available:
• Light and Medium Duty trucks
• Flat beds
• Bobtails
• Dump bodies
• Tow bodies
• Dry van bodies
• Refrigerator trucks
• Box trucks

When considering the size of commercial truck necessary for your business, the experienced staff at C&M can help you make the right decision.
We stock a wide selection of truck sizes, and capacities for lease including the Hino 155 Series with a GVW of 19,500, the Hino 195 Series which carries a GVW of 19,500, the 238 series has a 23,000 GVW, and the brand-new XL Heavy Duty series (available later in 2019) carrying a GVW of 62,000. Dry bed truck sizes range from 16 to 26 feet.

Our fabrication department can create custom additions to any selection you make. We can design and customize your truck to fit the specific transportation needs of your company.
Let us help you in the decision-making process so you end up with a truck that is best suited for it’s hauling requirements. Give us a call and see what truck size and full-service leasing program makes the best sense for you and your business.

C&M Motors – San Diego’s premiere Hino dealership!
www.cmmotorsinc.com
(800) 736-3443

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