How to Choose the Right Truck for a Lease Purchase Program
If you’re a truck driver considering a lease purchase program with your trucking company, there are a few things you should consider before doing so. One of the most important decisions you’ll make is choosing the right truck for the job. In this episode of Driven Too Far: The Truth About Trucking, we’ll explore how to select the right truck for a lease purchase program and how it can impact your bottom line.
Choosing the right truck comes down to education.
Trucking Education is Key
When entering a lease purchase program, it’s important to educate yourself on the ins and outs of being a small business owner. Many drivers are coming from a company background where everything is taken care of for them, so a change in mindset is necessary. At our company, we provide extensive training and workshops to help drivers understand the expenses involved in operating a trucking business.
Choosing the Right Truck
When it comes to selecting a truck for a lease purchase program, it’s crucial to consider the cost of fuel and overall operating expenses. We run three different models in our fleet: the Freightliner Cascadia, the Peterbilt 579, and the Peterbilt 567.
The Differences Between the Freightliner Cascadia, the Peterbilt 579, and the Peterbilt 567.
The Freightliner Cascadia is the workhorse of the industry and is known for its fuel efficiency.
The Peterbilt 579 is an aerodynamic model with a sleek design that also offers good fuel mileage. Read about the truck of the future in one of our recent articles.
The Peterbilt 567 was originally designed as a vocational truck but has been adapted with a sleeper and shares the same cab as the 579.
While it may not be as aesthetically pleasing as some other models, its aerodynamic design makes it an efficient choice for a lease purchase program.
If you want to choose the right truck then you’ll have to put your ego aside.
Beware of Ego-Driven Choices
It’s easy to get caught up in the ego-driven desire to operate a flashy, long-nose truck. However, these types of trucks come with a hefty price tag in terms of fuel costs and overall operating expenses.
While they may look impressive, they can ultimately hurt your bottom line. It’s important to consider the total cost of ownership when choosing a truck for a lease purchase program.
The Impact of Fuel Economy
The fuel economy of a truck is a crucial factor in determining its total cost of ownership. For example, a truck that gets five miles per gallon will cost approximately $105,000 in fuel for a year if driven 120,000 miles. In contrast, a more fuel-efficient truck that gets eight miles per gallon will cost approximately $65,000 in fuel for the same distance traveled. This is a difference of $40,000 in fuel costs alone, which can make a significant impact on a driver’s income.
Serviceability and Dealership Availability
Another important factor to consider when choosing a truck for a lease purchase program is the availability of service and parts. It’s important to select a truck that has a dealership near your home base or terminal to ensure that maintenance and repairs can be easily and quickly performed.
Education Leads to Smart Business Decisions
Choosing the right truck for a lease purchase program can have a significant impact on your bottom line as a small business owner. Education and awareness of the total cost of ownership is key to making smart decisions when it comes to selecting a truck for a lease purchase program.
Consider the fuel economy, serviceability, and availability of parts when making your decision, and beware of ego-driven choices that may ultimately hurt your bottom line.
It all starts with education. You’ll make smarter business decisions if you choose the right truck.
About Chief Carriers
Chief Carriers is a family-owned and operated trucking company based in Grand Island, Nebraska. A Best Fleets To Drive For overall winner, we provide flatbed trucking solutions across the United States.
The Chief Experience
At Chief Carriers, we prioritize safety, integrity, and customer satisfaction. Our team of experienced drivers and support staff work together to ensure that every shipment is delivered on time and in excellent condition.
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Now, go choose the right truck!