Trailers are a requirement of any hauling fleet. But when do you choose a rental vs a lease?
In the trucking business, client load can change overnight. Businesses and construction sites are constantly ordering new stock or supplies to complete their projects, and they know there is no such thing as a science fiction instant teleporting beam. These clients need a fast and reliable trucking service to make the items they need arrive on time, and that can be done through a quality trucking fleet. But what happens when your trucking fleet doesn’t have enough semi-trailers to be able to complete a job? You must turn to either trailer rentals or trailer leases. Both seem to be similar, but they are actually fundamentally different processes. This article will explain the differences between trailer rentals and trailer leases to clear up any confusion between the two.
Trailer Rentals
Trailer rentals are better equipped for short-term or one-time use. Rental contracts are usually a bit pricier as they charge by time interval, such as a day or even an hour in some cases, but the contracts are much more lenient than a lease. It is much less complicated to terminate a rental contract than a lease contract when no longer needed. Trailer rentals are perfect for the busier months of the trucking season or for last-minute, short-term deliveries of important, perishable goods. Many trailer rentals are also pay-per-use, which would be expensive for hundreds of trailers, but for one for a short time, it will not put much of a dent in your trucking budget.
Trailer Leases
Trailer leases are recommended for long-term, high-stakes jobs that will not be finished in a matter of weeks. A lease is done by a contract that is fixed price- once the price is agreed upon and paid for, the price for trailers cannot increase until the lease agreement ends. However, it is extremely difficult to cancel a lease agreement once it is handled, so trailer leases are not recommended for high-risk projects and haul. Leasing is also helpful for guaranteed equipment over a period of time that is in high demand in the industry. Trailer rentals are usually done on a first-come, first-serve basis, which can produce setbacks if not planned ahead.
For All Your Trucking Needs
Follow us here at Evan Transportation to get more updates on driving tips and the trucking industry. Evan Transportation provides trucking and transportation services for clients throughout the Mid-Atlantic region. All of our drivers and staff are offered competitive salaries, benefits, and are guaranteed to be home every day. Interested in finding out more? Visit us online or give us a call at 443-673-3365. For even more information, visit us on Facebook,Twitter, Pinterest, and LinkedIn.