Should You Buy or Lease a Large Truck?

Lease a Large Truck

If your business requires hauling large payloads, you’ll want to invest in a truck of sufficient size to handle your cargo safely and efficiently. There are two ways to add a rig to your fleet—buy or lease a model.

If you are unsure which option to go with, you have arrived at the right place. White’s International Trucks offers you a fine selection of large trucks for sale. To explore a few models in person, come down to any of our dealerships throughout North Carolina. We are at multiple locations throughout the state, and we can’t wait to assist you.

The Perks of Leasing a Large Truck

As you may know, large trucks are also called semi-trucks, 18-wheelers, and tractor-trailers. Purchasing one of these may require you to make a significant investment, which is why you may want to lease one instead.

Getting a large truck on lease is an advantageous option for many business owners, especially if you want to:

  • Avoid getting stuck with one model.
  • Pay little to no down payment.
  • Pay less per month than when buying a truck.
  • Tackle fewer maintenance issues.

Also, depreciation likely won’t affect you as much as it would an owner, and you won’t need to bother about dealing with hassles like tag and license renewal when leasing a truck.

Typically, there are two options to choose from when leasing a large truck. They include a minimum lease, wherein you can opt for a month-to-month option once the minimum lease period is over, and a closed-end arrangement in which you pay a fixed term and monthly payment.

The Advantages of Buying a Large Truck

If you are working on a long-term project and need to haul heavy cargo regularly, buying a semi-truck will be more beneficial. Some of the perks of purchasing a model include:

  • You have the flexibility to use it whenever you need it.
  • You can replace your model if its features don’t match your needs anymore without having to wait out a year-long lease.
  • You get control of your vehicle, which you can utilize whichever way you want—after all, you are the owner.
  • You won’t need to worry about exceeding any mileage limits or getting penalized for any dents on your vehicle.

More importantly, buying a large truck helps add to your equity. When you sell your rig, you can recoup some of your investment, which you can use to expand your business or upgrade to the latest model.

We hope this guide helps you determine whether leasing or buying a large truck will be an ideal option for you. If you have more questions, connect with our experts at White’s International Trucks. We are in multiple locations throughout North Carolina, so stop by one that’s nearest to you.