Should You Consider Commercial Fleet Rental for Your Company?

Every savvy business owner knows the significant impact a reliable fleet of vans and trucks has on productivity and business success. However, building a fleet of cars for your business is challenging. First, you must look for the right dealership to get your money’s worth. This process alone can take days or even months. Even after finding the right dealership, you still have to buy fleet insurance and hire qualified drivers. This is not to mention the costly expenses of training your fleet staff.

That’s where commercial fleet rentals come in. With commercial fleet leasing, businesses can reduce expenses and maximize profits. Yet, many business owners are not sure it’s the right move. If you are one of them, this guide will explain everything about commercial fleet rentals and why you should consider them for your business.

Saves You Money

In such a fluctuating economy, business owners must take various steps to reduce expenses and maximize profits. Commercial fleet leasing is an effective way to reduce fleet management expenses. Owning a fleet of commercial vehicles means taking responsibility for its acquisition cost, insurance, licensing, storage, operation, maintenance, repair, depreciation, and disposal. If you have bought your vehicles on loan, payments and interest might take up much of your budget. Let’s break down the cost of managing a fleet for you.

• Oil changes take approximately $50 to $70, depending on where you get it done
• Tire replacements might take as much as $100 a month per vehicle
• Your vehicles might require a few repairs throughout the year
• Commercial vehicle licensing can be upwards of $1,000, depending on your state
• Average insurance rates for a fleet truck can be upwards of $800 per month based on the insurer and your company’s safety record
• Vehicle storage will cost you around $150 to $200 a month, depending on your location

Additionally, you will have to transport your fleet to a new location when you get a new client in that location. This means additional expenses. If you decide to ship your fleet by rail or truck, you might pay approximately $800 to $1,500 per vehicle, based on the shipping company and the distance. Fortunately, a full-service fleet lease can help you avoid these expenses. You won’t be responsible for any of these expenses when you rent commercial cars. Besides, leasing commercial vehicles is a cheaper upfront alternative to buying commercial cars.

Focus On Your Business

Leasing often seems like a bad idea among business owners that don’t understand it. Many business owners assume that leasing implies they don’t have the capital to buy and manage assets. However, the truth is that leasing commercial vehicles allows business owners and their staff to focus on other vital business processes. With commercial fleet rentals, you will have the flexibility to take on more growth. Instead of using your business resources to hire and train your fleet staff, you can use those resources to improve customer service or increase your marketing efforts.

In the meantime, your leasing provider will handle every aspect of fleet management, including paperwork, staff training, fleet upgrading, insurance, and more, so you can focus on what matters most.

Leasing Provides Unmatched Flexibility

As a savvy business owner, you can’t underestimate the impact flexibility has on your overall business growth. Your vehicle requirements don’t always match your business growth, leaving you uncertain. Should you purchase a new fleet for a short-term project? Do you have to break the bank for a new type of vehicle that you might not regularly use? These are some of the hard questions you will have to ask yourself.

But you don’t have to if you rent vehicles for short-term projects instead of buying. When you leverage commercial fleet rentals, you will get the cars you need to complete your short-term projects without breaking the bank. This also means you won’t have to worry about additional fleet-management expenses such as maintenance, storage, and repairs. Short-term leases often start at four months commitments.

Customize Your Needs

Whether you need a single truck for a short-term project or ten trucks for a long-term project, leasing allows you to customize your needs based on your project and long-term goals. For instance, if you are planning to enter a new market, you can lease a few trucks to see how things go. If you do well in your new market, you can consider renting even more vehicles for your short-term and long-term projects.

For instance, companies such as Kingbee Vans, a provider of commercial fleet rental in West Valley City, UT, will allow you to choose suitable vehicles for your unique needs. Compact cars have two work shelves from Ranger Design, partition, and floor insulation to keep your staff safe during transit, making them the go-to option for solar installation companies and pest control experts. You can also choose between the contractor + package, full-size, electric, or custom.

Allows For Scalability

 It’s almost impossible to predict business growth. Sometimes growth can be slow. Other times your business might grow too fast. A small fleet might be enough to handle your business needs. However, it might not be enough to meet your growing demands if your business grows too fast.

Similarly, your business growth can be stunted, and it does not make sense to have too many unused business vehicles. Fortunately, commercial vehicle rentals allow for scalability. If your business grows too fast, you must rent more vehicles to meet your increasing demands. On the other hand, you can scale down if your growth is stunted.

Whether you want to build a new fleet for your business or upgrade your existing one, you are probably wondering whether to purchase business vehicles for long-term investment or to rent for maximum scalability and flexibility. Ultimately, your decision will depend on your business needs, preferences, and the length of the project. All in all, renting your fleet instead of buying can help you save money, improve flexibility, and customize your business needs depending on your project and business goals.