Why leasing work trucks Is better for you and your business
1. All vehicles depreciate and lose value
Whether you buy a new or used work truck one thing remains constant: the second it leaves the lot it depreciates exponentially. A new truck becomes a used truck, and a used truck gains another owner. The initial depreciation of buying a work truck is one of the single largest expenses a fleet manager must anticipate.
Vehicles acquired through the fleet organization are typically purchased at a better price which reduces depreciation expense. By leasing a work truck, businesses reduce the depreciation loss caused by overpaying for new or used vehicles from the dealership lot.
2. Newer work trucks have better gas mileage
A new Ford F-150 features a twin-turbo Eco-Boost engine, Auto Start/Stop, a 10-speed transmission, an aluminum body, and up to 26 miles per gallon. That translates to significant savings on fuel costs over the life of your vehicle. Compare that to a used F-150 without all the new technology that barely reaches 20 miles per gallon. Leasing new work trucks will reduce your business's fuel expenses by thousands each year.
Fuel savings quickly add up when you have a fleet of 5, 20, or even 50 work trucks. New pickup trucks have technology that improves fuel economy, handling, towing, performance, and more. Use our fuel savings calculator to see how much your business could save.
3. Newer work trucks are cheaper to run
A new leased work truck from Ewald Fleet Solutions is cheaper to run than a used work truck from your local dealer; even if you ignore fuel expenses. Used work trucks were most likely driven hard. Parts are starting to wear and need to be replaced. Those repairs start to get expensive and add up over time. What’s worse is they come out of your own pocket. The average 4-year-old vehicle with 100,000 miles will cost you $800-$1,200 in additional maintenance annually over a new vehicle.
On the off chance your brand new truck needs a repair, it is likely covered under warranty.
4. Leased work trucks will have less wear and tear
One of the most common arguments and misconceptions regarding leasing a work truck is “Well the truck is going to get beat up anyway.” It’s true. Work trucks see more abuse and wear than other vehicles. When decision-makers think of how beat up their work trucks are they typically think of the 8-12-year-old model they purchased 4 years ago with two or more owners and a decade of wear and tear.
Leased work trucks see less abuse and hold their value when businesses operate them for a shorter amount of time.
5. Turnkey truck upfitting
When you buy a used work truck you need to attach toolboxes, ladder racks, and potentially graphics. This takes time and money. When you lease a work truck from Ewald Fleet Solutions we take care of all the upfitting for you.
We can outfit trucks for any type of work:
- Roofing Contractors
- Plumbing Businesses
- HVAC Installers
- Landscaping
- And more...
Ewald delivers your leased work trucks to you ready for use and can roll the cost of the upfitting into your lease. You now have your vehicles set up for a “pay for what you use approach”.
6. Leasing Can match actual market depreciation and cost reflection
Say you decide to buy your fleet of work trucks. Some might be a Chevrolet from 2015, one could be a Dodge Ram from 2008. You might have a Chevy Colorado that costs $500 a month and a Dodge Ram pickup that costs $700 a month. You could have a Chevy Silverado with 50,000 miles and a Chevy Express Van with 115,000 miles. Some will require heavy repairs and others may only need basic oil changes. Using standard account book depreciation seldom matches actual market value depreciation causing losses and accounting headaches.
Leasing work trucks from Ewald Fleet Solutions allows your business to standardize vehicles and customize leases to fit actual miles driven. A leased fleet of work trucks is easier to maintain and budget with lower overall operating costs.
Ewald Fleet Solutions, allows you to take a “pay for what you use approach” to your vehicle expenses while having a professional knowledgeable team working on your behalf to keep your operating costs in line.
Not only can leasing work trucks save you money, it will save you time, improve upon your image, keep employee morale high and provide safety for your most valuable assets; your employees!
Ewald Fleet Solutions offers superior fleet services for businesses in Wisconsin and around the country. We work with you to develop the perfect program for your business. Ewald helps businesses with everything from executive vehicles to work trucks with upfitting. We customize fleet plans to save you money based on an in-depth analysis of how your business fleet operations work and the financial benchmarks you need to meet.
