When it comes to getting the trucks you need to build your fleet or advance your career as an independent trucker, you have several options that include leasing, financing, paying in full with cash, and renting.
What are the perks of renting a truck, in particular, and what are some of the things you should think about before taking the plunge? We’ve got you covered with helpful information and tips below.
Top Reasons to Rent a Truck
1. You Want to Keep Going Without Interruptions During the Busiest Seasons
Let’s say you maintain a fleet of vehicles that are usually enough to get everything done. But then the busy season hits and you need an extra truck for a short span of time. In that case, it may be more affordable to rent one rather than invest in one to add to your fleet, especially if it won’t be used often enough to justify the cost.
How much does it cost to rent a commercial truck? Well, prices will vary based on several factors, such as the make and model of the vehicle, where you’re renting it from, and how long you need it.
According to CDL.com, costs might range from $170-215 daily, on average. Or, you might be able to go on a monthly rental plan, which might come with an average cost of $5,100-6,450.
2. Your Truck Needs Major Repairs but Downtime Isn’t an Option
Another reason why you might need to rent a truck is because your main vehicle broke down and you need to get a replacement ASAP.
While your go-to truck is being repaired, you might not want to miss out on work, so replacing it temporarily with a rental can be a great way to get back on the road without skipping a beat.
3. You Want to Test a New Truck Before You Buy It
New trucks hit the market all the time, so it might be tempting to make upgrades often. But how can you know if you’ll love a new model, or if it’s really worth the price of leasing or buying it? Well, you could rent it for a bit to take it out on the road. That way, you can see how it runs, and you can also determine if it lives up to your expectations.
This can be a strategic way to test out a truck before making the commitment to own it. If you don’t like it, you don’t need to worry about keeping it. And you can also figure out if you’d prefer going with a newer model or if you’d be fine with an older, more affordable option to meet your business needs.
4. You Want to Save Money
Depending on your business, you might actually find it more affordable to rent a truck rather than buy or lease it.
Maybe you’re new to trucking and don’t have a lot of money to spend on buying a semi, and you don’t want to get into a long-term lease either. Perhaps your truck would spend more time parked than on the road, causing you to spend money on it when it isn’t generating any profits for you. Or, you might find it hard to afford the costs of repairs, maintenance, licensing, and insurance.
To figure out if renting would indeed be more affordable in the short term and in the long run, it’s necessary to crunch some numbers. Only by calculating and comparing costs of renting vs. leasing vs. buying will you be able to confidently make a decision that’s best for you.
Consider a Peterbilt Truck Rental
There are many semi truck rental companies you can choose from, and each has its own pros and cons. Shopping around to find the best vehicle at the right price is wise, but also be sure to read the fine print so you’ll know exactly what you’re getting into when you sign up for a rental. Doing so can help ensure that you get a high-quality rental truck you can rely on whenever you need it most.
When you choose to rent from one of the many Allstate Peterbilt locations around the country, you’ll find the process surprisingly easy. Plus, you can select from a wide range of vehicles, from sleeper tractors to cargo trucks, including the newest models with the latest features.
Updated on July 21, 2021
More From Allstate Peterbilt
Take Advantage of the Rental Purchase Option We Offer at Allstate Peterbilt Group
Allstate Peterbilt Group Rental Purchase Option Financial flexibility is important for many fleet owners. Allstate Peterbilt ...read more