As a business owner, you must make smart decisions for your business to not only survive but also thrive in a competitive industry. If you’re one of the 1.2 million trucking companies operating in the U.S., one of the far-reaching decisions you’ll be faced with is whether to rent or buy a new trailer. Most managers opt to utilize trailer leasing instead of spending their operating capital on a new trailer. Fortunately, you can lease 53 foot trailer, semi-trailers, dry freight vans, lift gate trailers, and local cartage trailers from a trailer rental company in Chicago.

When you make the smart decision to utilize trailer leasing, you’ll benefit in the following ways.

1. Semi-Trailer Rental Saves You Money

Most businesses fail because they run out of working capital and cannot raise further funding. Therefore, it makes more financial sense to save your capital to maintain a positive cash flow in your business. Good thing you can do this through trailer leasing. When you lease 53 foot trailer, you’ll get a fair lease agreement that gives you more financial flexibility. Instead of paying close to $70,000 or more for a new trailer, you may pay a few hundred dollars per month to lease the same trailer. You can also have an annual lease agreement for your semi-trailer rentals.

With flexible lease agreements, it’s easier to budget for your trailer rental costs as part of your monthly or annual business expenses. This preserves your operating capital since you’ll deduct your lease costs from your business expenses. Having liquid cash is important because it can save your company in a time of need. For instance, you may get an emergency business expense like a lost shipping container that will require you to spend extra money to find a solution.

2. Trailer Leasing Is a Reliable Backup Plan for Your Operations

To succeed in the trucking business, or the logistics industry, you must be agile and flexible. This means having a good backup plan in case something unexpected happens. In the trucking business, logistics snags are an everyday reality, so you must have a solid backup plan. And this is where trailer leasing companies in Chicago, Illinois, come in.

Many scenarios would require you to lease 53 foot trailer as a backup plan. For instance, one of your trailers may have a sudden mechanical breakdown or get involved in an accident. Also, you may land a bulk order that needs you to have extra trailers to see it through. Regardless of your reasons for leasing a semi-trailer, your local trailer-leasing company will have you covered. With trailer leasing companies, you have a safety net you can depend on when a part of your operations go south.

3. No Storage Fees or Maintenance Costs

When you lease 53 foot trailer, the trailer rental company is responsible for its maintenance. This saves you the stress and costs of fixing a trailer if it develops mechanical problems. In case your rental trailer breaks down, your trailer leasing company will not only fix it, but it will also replace it with a functional trailer to keep your operations running smoothly.

Since you can lease your trailer only when you need it, you’ll not have to pay storage costs. After completing your business, you may return the trailer to the leasing company and request it when you need it again. As such, you’ll not have to park the leased trailer when you’re not using it. Storage costs for a 53 foot trailer can accrue and add to your business expenses. It’s a smart business move to keep your operating costs at a minimum, so you can increase your ROI.

When you need an extra trailer to boost your operations or replace one of your trailers, you’ll be better off using trailer leasing services. Semi-trailer rentals save you money and time and saves the day when you have an unexpected logistics challenge. For trailer rental in Chicago, trust a reputable semi-trailer rental company.