As for any equipment needed to complete a job, there are many things to take into consideration before fully committing to purchasing it. A lot of companies use cargo van rental services to use the vehicles as required, but is this the better option than leasing the vehicle? Both come with various pros and cons that can have a big impact on the business.
The frequency of use is one thing that should be taken into consideration. If the business requires a vehicle to operate in the first place, leasing may be the better option as there is a guarantee of having it whenever it is needed.
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Renting could be a viable option if it is needed only once a week or once in a while. The more frequently it is rented, the higher the cost at the end of the month. There is also the concern of someone else renting it out, and then having to work around the other renter's schedule.
The mileage is another big factor. May lease come with a preset amount of miles that is permitted to be driven every month. Going over this number can lead to additional charges.
For additional information on which is better for your business, please review the attached video.
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