Leasing A Semi-truck: Considering Every Aspect
There are numerous semi-truck drivers who decide to lease their semi-trucks out
. Typically the cost of maintenance, insurance and road tax, are a burden to the owner of the semi-truck, especially if they don't use it too regularly. Therefore, leasing one's semi-truck is a viable option. The driver leasing the semi-truck is also eligible for a business tax deduction, if the lease is financed, as it is typically more affordable than actually buying a semi-truck. Many drivers are also comforted by the fact that they have a choice in which semi-truck they wish to drive. If one were simply given a semi-truck by one's company, then the choices would be severely limited.
Nevertheless, there are a few considerations to take on board before signing the lease papers for the semi-truck.
One needs to calculate the potential fuel costs and the up-keep of the semi-truck to its standard as taken; this may include such additions as purchasing new tyres for the semi-truck if some are rendered bold, and therefore illegal. Other general maintenance costs would be payable by the one leasing the truck, thus it is imperative that one notifies the owner of any defects the vehicle currently has, so for when the semi-truck is taken back to its original owner once the lease time has expired, no lawsuits would ensue. This should, however, be common-sense, especially when renting from an individual, as opposed to a registered company.
As aforementioned, it is better if the dealer you're renting from is a bona fide dealer, and this can be checked Better Business Bureau's website to see if he or she is actually reputable. When financing the lease of a semi-truck, be sure to approach a bank or lending institution that you trust, preferably one you have had a pleasant experience with in the past. When researching the dealer, you may also feel inclined to check the history of the semi-truck to put your mind at rest. This would notify you of any crashes the vehicle may have been in, and may enlighten you to any possible unseen defects on the vehicle.
It may be prudent to approach an established trucking company who also involve themselves with leasing of such vehicles. By hiring on to such a company, you are afforded other advantages with the leasing of your semi-truck, such as permit allowances and fuel. Be aware though that if you leave the company, then the lease becomes void. This may not be practical since one may be quite busy already with the delivery of freight; however, it is nonetheless one possible angle in which to reduce the overall costs of leasing a semi-truck.
Once you are happy that both the interior and exterior of the vehicle are free from defects, it is wise to ask for a test-drive of the vehicle before any agreement is made. One should also take the opportunity to take the semi-truck to a competent mechanic who would be able to certify the vehicle as being free from any mechanical issues. It is important not to rely on one's own judgement of this, since a more technical inspection of the vehicle would undoubtedly find small, or possibly large, problems that you may not have otherwise seen.
You will then need to contact insurance companies to get the best possible quote. This would require a night dedicated to phoning as many insurance companies as possible, and notifying each insurance company, after they have delivered their quote, of the best rate to see if they can possibly beat it, or match it with some additional benefits, such as free breakdown cover.
After you are satisfied with everything regarding the semi-truck, it's time to sign the lease agreement! Read this document carefully, and clarify any unsure points with the owner before signing. Agree to lease the semi-truck on either a straight time basis, or a mileage basis.
by: John Dorr
Customising A Semi-truck With Additional Lights Five Factors To Consider When Looking For Delivery Trucking In Mi Houston truck accident attorney Easy Tips to Rent a Dump Truck Commercial truck financing bad credit get your loans approved faster Some Facts about Truck Tires Boston Craigslist Tickets Buy Cheap Boston Tickets Truck Driver Salary Amherst Craigslist Tickets Cheap Mullins Center Tickets Using NetZero with Craigslist Ad Posting Netzero Advice Using AOL for Craigslist Ad Posting. AOL Facts National Heavy Duty Truck Parts Research Center For Remanufacturing Inauguration craigslist pva all about free