Buying Vs Leasing Tow Truck | Ogden Tow

 Ogden Tow Truck Purchase Options

Buying Vs Leasing Towing Trucks
Running a towing company is an expensive affair due to the high cost of buying towing trucks and the other types of equipment that will be used in the towing.  A company has the freedom to choose if they will buy the towing trucks that they will be using or lease them for a number of years. The following is a comparison between buying and leasing a towing truck:
  • Leasing a towing truck will be a cheaper option as you will not have to pay a very high price for the towing truck. A towing company that is in its initial stages may not be able to afford to buy a towing truck and leasing will be the only way.
  • A leased towing truck can be returned to the company if you wish to upgrade to a new model that has been introduced in the market. If you had bought the towing truck, replacing it might be a hard task as you will have to look for someone to buy the first truck which could take a lot of time.
  • When leasing a towing truck, there will be less paperwork since the will be no claim of ownership on the part of the company that is getting the towing truck.
  • When you lease a towing truck, you will be able to always stay ahead of your competition in terms of the car model. This will help in maintaining your customers since they will always pride themselves on having the latest towing truck models at their service at all times.
Unlike buying a towing truck where one is full of worry when the vehicle depreciates, a leased vehicle is still under the ownership of the leasing company and if you feel that you no longer wish to continue using it, all you will have to do is to return it.
There are also some disadvantages of leasing as you will have to incur extra expenditure every month unlike buying where you will have paid once and then continue to enjoy the profits. There is also the penalties that one incurs in case he wishes to terminate the lease before the agreed time expires which are very high. One should, therefore, weigh the options and make an informed choice.

 
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