Why Moving Companies Should Consider Renting Trucks Instead Of Purchasing
Most companies usually have to deal with the issue of transportation before operations can begin. This is especially so for moving companies that require a fleet of commercial vehicles at their disposal. Although many who work in the moving industry prefer to purchase their pickup trucks and vehicles, some fail to take into account factors such as the depreciation that they encounter with ownership. This is usually the biggest cost associated with owning a vehicle, especially when it comes to newer models.
Unsure which option to choose for your business? Edmund Vehicle Rental is an established vehicle rental company in Singapore, and we explore the reasons your moving company should consider renting pickup trucks as a viable alternative instead.
Gain access to newer, more efficient trucks
Technology within the vehicle industry is forever changing, with newer models being more efficient, even helping to reduce costs spent on petrol. Vehicle rental companies ensure that their fleet is regularly updated with the latest models that are equipped with added features and benefits. Renting offers the option to easily upgrade to the latest technology without worrying about devaluing your vehicle. This lets business owners enjoy greater flexibility in switching from one vehicle to another, as and when needed.
Pickup trucks can be expensive to repair and keep in good condition. Many business owners often find themselves spending more than they would like on vehicle maintenance. Renting your pickup trucks on the other hand, omits servicing and maintenance costs, saving a substantial amount of money in the long run.
Renting them from a reliable truck rental company guarantees full service of equipment, covering most expenses for upkeep. This includes oil changes, routine inspections, and much more, helping your company save money.
Frees up cash flow
If you’ve just started your company with limited finances, you should direct the capital into growing your business instead. Renting your fleet of pickup trucks doesn’t require a huge capital expenditure. The expenses from taxes, towing, and vehicle insurance can be avoided, and the money saved can then be used for hiring more personnel, advertising, or scouting for a better workspace.
Ensures your business won’t cease even in the event of a breakdown
With vehicle rental, you can have access to rental trucks as a temporary replacement to ensure your business operations won’t cease even in the event of a breakdown. You could choose to wait, but doing so may lead to delayed shipments, refunds and overtime pay. Renting a pickup truck is often less expensive in comparison to incurring these extra expenses, on top of ensuring your customers are kept satisfied.
We hope this article has provided more insight as to why moving companies should consider renting over purchasing. Truck rentals help with omitting the hassles of purchasing and having to maintain your fleet of pickup trucks. The flexibility of renting according to your needs often makes this the more affordable choice.
Searching for a reliable vehicle rental company for your business requirements? Edmund Vehicle Rental provides both short term and long term vehicle rental services with an extensive range of commercial vehicles on offer. Reach out to us today to find out more!