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:
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.
Brought to you by: