Re-thinking Truck Ownership As Technology Changes

Lease vs. Own: Re-thinking Truck Ownership As Technology Changes

Several years ago, many fleets thought owning their own trucks made the most financial sense. But numerous changes, including the increasing complexity of both heavy- and medium-duty trucks and tractors; stricter government regulations; and the need for financial flexibility have brought full-service leasing to the forefront.

Today, the profile of the leasing customer is evolving beyond manufacturers and distributors, says Bob Southern, president of Paccar Leasing Company (PacLease). "In the past, customers were typically small- to medium-sized private fleets," he says. "But today, all types of fleets are discovering the benefits of full-service leasing.

"More and more companies are considering leasing as a way to allow them to focus on their core competencies, not focusing on trucks and maintenance," says Southern. "Operating a fleet of leased trucks helps companies get their product to market in a timely, reliable and cost-effective way, while leaving the maintenance of the vehicles to trusted experts."

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