Taking a truck on a lease has many benefits. No matter what the reason is, it is more sensible to lease a truck than to buy a new one. Buying lease return trucks is even possible and will let you save a lot. If you plan to lease a truck and have no idea where to start, here are some things you should consider.
Terms of contract
You have to make sure that the leasing company is not trying you into a rigid contract. A leasing company that provides a flexible cancellation policy is the best. A flexible agreement will lessen the financial risks for you. Read the terms and conditions well before you sign the contract. Discuss terms that can be detrimental to you with the company so they can remove those from the contract. You do not have to sign the contract if they do not agree on getting rid of those.
Hidden fees
Be careful of hidden administrative fees and other costs. Some companies take advantage of ignorant lessees. You can find these fees included in the contract but the company will never mention them. Sometimes the fees are in minute fonts deep within the contract. You will not be able to see it if you only browse the contract. Beware of such hidden fees and confirm with the company to avoid any hassle.
Maintenance and service
It is crucial to ensure that the lease amount includes the price for maintenance and service. Most leasing companies provide a free Lifetime Warranty. Some even offer unlimited free or discounted services. If the monthly rate is too low than your expectation, discuss to confirm about the inclusions. It would be costly and troublesome if the maintenance and service are not included. Not only will you spend more money, you will also need more energy.
Leasing factor
Check to see if you can work around the leasing factor even a bit. Most leasing companies will tell you that it is not possible. But, there are many who can actually lower it for you to have a better monthly rate. Try to discuss with the leasing company and see what they can offer.
Diversity
With so many leasing companies out there, you have to look for one that has a diverse inventory. A lot of companies have trucks that are either not the size you are looking for or do not meet your specifications. You can also inquire if you need any customization. Ask if they will allow you to customize the truck or if they can do the customization themselves.
Make sure the leasing company has certified professionals. Look for those that improve their processes and equip their shops with the best tools. There should be professional technicians and project managers available most of the time.