17/03/2022 0 Comments
Buying vs. Renting Refrigerated Trailers and Dry Vans
Are you in the market for refrigerated trailers or dry vans, but your budget doesn't have much room? Having refrigerated trailers or dry vans for your business may be a necessary investment, but you might be struggling with getting the finances to purchase them. Renting could be a great short-term option depending on your situation.
We break down the pros and cons of renting vs buying and help you decide which option is best for your business.
The most common reason a business will rent a trailer before purchasing is to save money. A commercial refrigerated trailer or dry van is a major investment requiring a down payment. You also have to account for recurring monthly payments, insurance, and maintenance costs. If you’re starting a new business, you might not have the initial capital to make the purchase. Renting saves you from paying for any maintenance and repairs the trailers need.
Try Before You Buy
What type of trailer or van are you in the market for? Are you certain of exactly what size and style of trailer equipment you need to suit your business?
Instead of playing a guessing game with the purchase of your next commercial trailer, use the opportunity of renting one to figure out precisely what you need. Think of it like a test drive.
Rent What You Need
Unless you are transporting the same amount of freight and the same products every trip, having different types of trailers can help fulfill other jobs you take on.
If you have a shipment that needs to stay cold, you can rent a refrigerated trailer. But, if you have a basic load of goods, you have the flexibility to simply rent a dry van, instead.
This way of doing things can save the company money and save you from buying several different trailers at once.
Commercial Trailer Rental Service
Buying is a great long-term investment, but renting can be a safer option for short-term circumstances. The decision to buy or rent comes down to your business requirement and financial situation. Contact us at Leaseway Corporation Limited if you have any questions about our rentals, or schedule an appointment to check out our fleet.