Deciding whether to lease 53 foot trailers can be tricky. Some companies find it better to buy it, but it might not be the best option all the time. According to TruckInfo.net, America has around 1.2 million trucking businesses across the country, and you have to make solid decisions to stay ahead of the competition.

Sometimes, buying seems smarter, while other times, leasing could be better. The benefit of leasing is that, after the contract, you can decide if a 53 foot trailer is the correct option for your company or if you have to go for something else. Let’s find out more about leasing this kind of truck!

Short Time Committment

One of the best parts of leasing is not having to commit long-term. Yes, some leasing companies require a one-year or two-year contract, but you might be able to find those that work for shorter periods of time.

People might decide to lease 53 foot trailers because they can’t get a loan to actually buy the full truck themselves. Fortunately, leasing offers a solution that could keep your company going even if you don’t have a significant amount of money. Sometimes, it’s even cheaper to lease in the long run.

Tax Deductions

Another amazing benefit of leasing is that you can claim tax deductions on it. Furthermore, leasing releases you from concerns like checkups, interest rates, upkeep, renovations, etc. It might seem like the monthly payments are a little higher than if you were paying back a loan, but it can actually work out better, as it’ll usually stay at the same rate during the entirety of your contract.

Maintenance and New Models

Another reason to lease 53 foot trailers is that you’re not exactly in the truck business. If you just need something for transportation a few times a month, it might not make sense to buy it fully. On the other hand, if you use it to drive long distances, leasing is better because you don’t have to worry about maintenance, as mentioned earlier.

Furthermore, some brands want to transport their products in the latest trailers and trucks to keep up with their images. When you lease, you can exchange to a newer model after the contract ends and ensure that your business always looks high-end.

Now that you know whether to lease 53 foot trailers, you can make a decision. Contact Chicago Trailer Pool today to learn more. Our team is happy to answer your questions!