Owning or Renting A Truck for Your Business Which is the Better option

The debate regarding purchasing/owning vs. hiring/renting is not a new thing. Should you hire/rent a home or own it? Is it more profitable to hire heavy equipment rather than purchasing them? This debate also rolls down to whether to hire part-time freelancers to get a job done or to hire permanent and full-time employees. There is no right or wrong answer to these questions. The choice should simply be made for a business owner depending on the specific situation.

Another major choice that a business owner usually has to make is whether to rent a truck when required or own a complete fleet of vehicles. The choice would completely depend on the nature and scale of your business. So, depending on these two major parameters, a business owner can easily decide whether to opt for a Tata Ace on rent in Bangalore or to own a fleet. However, if your topmost priority is to use your manpower and other resources wisely and more effectively and never being stuck in a situation due to a vehicle breakdown, then your top priority or right choice is to opt for a truck on rent in Bangalore. Read on to understand why this makes a judicious choice.

Rent a Truck or Own Your Fleet – Which one to Choose?

Option A: Own a fleet – involves big spending

Option B: Truck hire – facilitates big savings

The choice is very easy – you can switch now and save on your resources as well as add profitability to your business.

Explanation:

Although you must be thinking that purchasing your own vehicles is a wise investment towards building the assets for your company, you will soon be able to realize the pinch of owning your own fleet. Those hefty loan liabilities, costs of insurance, the expensive regular servicing/maintenance adds to a lot of expense which you can save and invest in your business. Also, you have to keep this in the back of your mind the inconvenience and stress involved when a truck breaks down midway somewhere. Under such circumstances, you have extremely irritated customers, most possibly wasted goods, especially if they are perishable and obviously a lost business. In order to avoid all these kinds of unwanted hassles, the most cost-effective and efficient, as well as stress-free mode of business transportation that you can opt for, is Chhota Hathi on rent in Noida.

The Most Important Considerations that will help you in deciding between fleet owning vs. van hire

• Does it appeal to you to have access to well-maintained & top-notch trucks on rent in Bangalore for your business needs or your owned fleet of perpetually depreciating trucks that are experiencing frequent breakdowns? Obviously, the first choice is more appealing.
• Does your business experience seasonal peaks & troughs? If yes, then there are maximum chances of spending on an idle fleet. In such a case, a truck on rent in Bangalore is certainly a more feasible option to opt for.
• Do you really have a backup when your own truck would fail to deliver on time especially when you are working under strict deadlines? If you do not have a backup in such an emergency, then the best way out is to opt for a truck on rent in Bangalore to deliver your business consignment of utmost importance.
• Would you be liking to add the expenses of vehicle depreciation, maintenance costs, risks involved in losing business due to sudden breakdown to your balance sheet? Obviously, not under any circumstances. So, this is a fair enough reason to opt for a truck on rent in Hyderabad as a business owner.
• Do you require a refrigerated truck or van only once in a week or just once in a month? It would be wiser to opt for a truck on rent in Bangalore under such circumstances.
• Wouldn’t you like to use your money more judiciously to grow your business, invest in more modern new equipment & pay your staff better, or would you just want to spend all those valuable money in your fleet maintenance? Obviously, you would not want to waste your money on unfruitful fleet maintenance. So, hiring a truck on rent in Indore for your business logistics is certainly a better idea.

Think it out along the lines of the above questions/parameters and probably you would find hiring a truck on rent is a better proposition as compared to maintaining a fleet of your own. So, ideally, make a switch today from owning a truck to hiring a truck via BookMyTempo and contribute to the well-being and growth of your business.