There are a lot of decisions you have to make when running a business. Some decisions are easier than others. Some decisions can have a massive impact on the business, and that means you need to take more time to weigh your options.

A truck can be a vital component of the way you operate your business, but you are not sure that you want to purchase one outright and make that investment right now. If something is holding you back, you really need to consider going with the lease to own trucking instead.

Benefits of Lease to Own Trucking

Leasing is becoming more of a preferred choice as the cost of new vehicles continues to rise. The nice thing about the lease to own trucks is that you don’t need an enormous capital investment to get them.

There are no hidden costs with the lease to own trucking. Things like towing, overhead, taxes, and other expenses don’t suddenly appear.

When you own a truck, you see the big up-front costs. Then, there is sales tax and finance charges tacked on.

Lease to purchase trucks can help you raise more profits for your business. Your cash payments are lower than if you purchased them. The result is more money in the bank!

Not only that, the lease to own truckers deal with less paperwork. That gives you more time to focus on your core business initiatives.

Depreciation Costs Won’t Affect You

Another pleasant benefit of the lease trucking is that the depreciation won’t affect you. Depreciation lowers the value of the truck. That is on the company you are leasing from though.

Depreciation is a problem when you purchase a new truck. The net worth of your company won’t lower because you are leasing. Your CFO won’t have it listed on his or her balance sheet.

Less Repair and Maintenance Costs

Leasing to own truckers can also benefit from reducing their maintenance and repairs costs. That is because it includes maintenance and repairs with a full service lease.

This means items such as tires, oil changes, and routine inspections, they cover. If you own a truck, however, repairs and maintenance are your responsibility to pay for.

There are common challenges that a vehicle owner may experience. Lease to own trucking frees you of such burdens.

One example is compliance problems or costs that are associated with replacing drivers or added fees for training drivers. You don’t have to handle this.

Also, drivers may leave you as an employer to go work somewhere with more advanced equipment. This isn’t a challenge with the lease to own truckers.


Leasing offers more flexibility as a lot of the lease to own trucking companies don’t mandate a down payment. You return your leased truck at the conclusion of the lease period, which gives flexibility.

Also, the terms of lease to own trucks is a fixed payment that is consistent. You can free up your capital as you have more flexibility with your finances.

This helps in making other business investments. Or, being prepared for emergency repairs your business may have down the road.

Roadside Help in Case of Emergency

The lease to own truckers need not worry when the truck breaks down. You can take comfort in that they will rescue you. This is an enormous benefit.

When you have a full-service lease, and your truck breaks down, you simply need to let the leasing company know, and they will handle it for you. You can contact a professional mechanic who can help. Whether it is flat tires, towing or something else, you simply need to reach out to a specialist who can help you.

Leasing Terminology Used Most Often

Now, let’s go over some terminology that you are likely to encounter in a lease.


This is how much the truck loses in value because of being leased. Together with depreciation, “residual” is the value of the truck at the end of the lease, in lease to purchase trucks.

Capitalized Cost

It’s also known as “cap cost.” This refers to the negotiated price to sell the car, without extra fees. Include extra fees like an acquisition fee in your lease payments.

Money Factor

Money factor is the finance charge. Typically, they declare this as a fraction.

The Difference Between Leasing and Renting

People often mistake lease to own trucking as renting. They are not the same thing. They share common attributes, but they are different.

A big difference is the time as rentals are usually a few days or like a week or two. It is less of a commitment. Leasing to own trucking is for a much longer time.

Another differentiating factor is the type of provider that you work with. Rental vehicles usually come from rental agencies. Rental agencies are typically at airports or have a store.

Leased trucks usually come from fleet leasing companies or even auto dealerships.

The biggest difference between rental and leasing trucks is that rental companies don’t offer a potential to own the truck. Leasing companies offer this, however.

Lease to purchase trucking is a lot like purchasing a truck and getting a loan. Until you want to buy or lease another truck, you pay the lease for the truck you have.

What to Consider

Here is a brief checklist for you if we’ve piqued your interest on lease to purchase trucks. These are things to consider when leasing to purchase trucks.

  • How many miles do you put on your truck each year?
  • How long do you expect to keep your truck?
  • Do you work on many time-restricted projects?
  • Do you have a seasonal business?

If you are unsure that you will need a commercial truck for over three years, leasing is a good option for you.

Helping to Make the World Go Around

For over 90 years, we are a dedicated truck load carrier that hauls dry van freight throughout 48 states. Morris Trucking can deliver to a 500-mile radius overnight, whether it is one skid to ship or 60 skids.

Our people have over 100 years of experience combined, so if you want to consult with professionals, we are the trucking company you should talk to. Reach out today and learn more on hot trucking topics like this one, lease to own trucking.