Leasing vs Buying a Commercial Truck: The Pros and Cons

commercial truck leasing

C&M Motors Inc

www.cmmotorsinc.com

(800) 736-3443

Leasing vs Buying a Commercial Truck: The Pros and Cons

When running a trucking or logistics business, one of the biggest decisions you need to make is whether to lease or buy your trucks. There are pros and cons to both options, so it’s important to carefully weigh your market conditions, business plans, and finances when deciding. Here are some key considerations for this decision from C&M Motors, a San Diego area full-service truck leasing company.

Considering Market and Business Conditions

The overall health of the trucking market can impact your buying power and resale value if you choose to buy trucks. In a down market, leasing may allow more flexibility. Also, assess your current and projected business needs in the near term – if you expect significant growth or change, leasing may allow you to scale your fleet faster.

Maintenance Considerations

Leasing often includes maintenance and repairs in the contract, whereas buying means you take on all of these responsibilities and costs. Review your operational capacity to handle repairs and assess whether outsourcing maintenance through leasing could be beneficial.

Will You Operate the Trucks for Longer Than 5 to 7 Years?

Industry wisdom holds that buying becomes more cost-efficient if you will use trucks longer than 5-7 years. If you plan to turn over trucks more quickly, the residual value consideration for buying matters less. Carefully project your timelines and total mileage to calculate comparatives.

Getting Early and Faster Access to Electric Vehicles

Leasing can provide earlier access to newer trucks, like electric vehicles, without huge upfront capital investment. If going green sooner is a priority, leasing provides more flexibility to upgrade. Buying may only pencil out if you can fully utilize an owned EV for many years.

Contact C&M Motors for Truck Leasing from a Full Service Leasing Company

C&M Motors provides flexible semi-truck leasing programs with service, maintenance, repairs, and more bundled in. Whether you want to test new tech, scale your capacity, or avoid capital investment, our experts can craft a custom leasing solution for your business. Contact us to explore your options with a full-service truck leasing company.

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