These include the associated expenses of overheads, towing, taxes, washing, rental replacement trucks, regulatory compliance and licensing among other hard and soft costs.
The longer you own a truck, the higher maintenance and repair costs will be. This includes tires, oil changes and routine inspections. A full-service lease will cover all maintenance and repairs with predictable, budgetable costs.
New truck purchases are large capital expenditures. This is not the case with a Nextran Full-Service Lease. Conserve your business’s capital and invest it in delivering the products and services that your business offers, and not in a quickly depreciating fleet.
A new truck purchase is a quickly depreciating asset. Although F.S.L.’s
are now required to be reported on a company’s balance sheet
according to F.A.S.B rules and GAAP accounting standards, they are
considered to be a “Lease Liability” rather than debt, so they don’t
affect your company’s net worth. F.A.S.B. also allows for “Straight-Line
Expensing” from an accounting perspective. Leasing allows companies
the opportunity to use assets at lower risk and improves cash flow.
Full-Service Leasing keeps your fleet up and running. Trucks are maintained by world-class diesel technicians. Our support services will make sure all regulatory compliances are met, and be there 24/7 should unexpected needs arise. Before the vehicles reach an age where uptime is no longer predictable, they will be retired with no costs or exposure to your business.
Professional drivers are worth their weight in gold. Survey after survey has proven drivers are happier when they operate late model vehicles that are reliable and comfortable. Nextran’s offering of world class vehicles coupled with the expert services of our Leasing professionals deliver a positive experience for your driving team.