Today’s business environment is full of challenges for fleet owners, and it is only getting worse. New emissions technology is making trucks more expensive and complex to maintain. Truck prices, along with associated maintenance and repair expenses, have increased by more than 40 percent. The driver and technician shortage is also hampering fleet owners who need to get products to customers.
With the effect your fleet can have on your business, you have to ask yourself whether it’s better to lease or own your fleet? Both truck leasing and owning have their benefits. Deciding which is best for your company depends on many factors: type of operation, truck configuration, managing preferences, routes, capacity, and financing.
When considering whether to lease or own your fleet you should ask:
- Do I spend too much time and money managing my fleet?
- Am I up-to-date on the complexities of engine technology, regulations, and emissions standards?
- Do I want to drive more value from my fleet while gaining time to focus on my business and customers?
What is a full service lease?
The truth is, owning, running, and maintaining a fleet can be costly. Unpredictable costs, breakdowns, and unseen risk can take your focus away from your business and your customers. With a full service truck lease, you get a fleet you can rely on, predictable monthly costs, and time to focus on your business.
By collaborating with a third party provider for a full service lease, you can put the complexities of managing your fleet behind you. With a full service lease you won’t have to worry about acquiring, managing, and disposing of the vehicle. You also limit the risk should you break down, as maintenance is covered. What you get is a reliable fleet, tailored to your business with a predictable monthly payment.
Thousands of businesses, small and large, trust a third party provider such as Ryder for their fleet. For WB Mason, the second largest office supply company in North America, that trust has been a growing partnership since 1981. Download the infographic to learn the results.