Business owners usually go into a commercial enterprise as experts in their product or service, and learn about the ins and outs of running a business along the way. New owners without previous business experience are successful if they can quickly learn about personnel management, payroll, what services should be done in house, and which should be contracted out, when to buy equipment, and when to rent it. Sometimes, the best solution is to turn to the experts in a particular field and continue to focus on the business, rather than trying to take on additional expenses and liabilities. Commercial truck leasing is a cost-effective transportation solution for many small businesses.
Purchasing a fleet is an expensive and risky enterprise if you lack experience in transportation logistics and all that it entails. Trucks are expensive, require maintenance and insurance, and qualified drivers must be hired. Investing in trucks can tie up a significant amount of your business’s capital and credit availability. Owning your own fleet of trucks also carries with it a significant degree of liability. If you are not careful about how your business is structured, you could be hit with a significant loss in the event that one of your drivers is involved in an accident.
Opting for commercial truck leasing leaves the business of transportation logistics to professionals. A business specializing in commercial truck leasing can screen and hire qualified drivers, maintain the fleet of vehicles, ensure that the vehicles are properly insured, and shoulder some of the liability burden. Additionally, trucks, like any vehicle, depreciate in value. Just like leasing a car for your personal use, commercial leasing can guarantee that you have access to a new, state of the art vehicle with the most modern safety features.
Like any vehicle, automobiles require maintenance, including annual inspections, licensing, permitting, and record keeping required by federal law. Additionally, vehicles can be involved in accidents, get caught in floods, or blow a tire, and require a tow or roadside assistance. In some circumstances, a vehicle may need to be taken off the road and replaced. A business owner would have to take on these responsibilities as fleet owner; however, a commercial truck leasing company can take care of all these things, leaving the business owner to focus on running the business.
Businesses can work directly with a commercial truck leasing business to work out an agreement that suits the business’s needs. More resources may be needed for peak production times, and fewer vehicles may be needed for businesses with a seasonal product. Leasing a fleet is not one size fits all, and solutions can be designed to meet the needs of the business; these options are not available with fleet ownership. Leave the driving, management, and maintenance to transportation professionals.
When in need of reliable commercial truck leasing services rely on Lawrence Transportation Services. Learn more at .