Commercial truck leasing and financing services lend trucks to businesses or provide financial help to finance the purchase of dry van trailers. Dry vans are the most common type of trailers used in the transportation industry and are typically used to transport non-perishable goods.
Leasing and financing options may include both short-term and long-term agreements, as well as the option to purchase the trailer when the lease term expires. This type of financing can be beneficial for companies that need to transport goods but do not want to make a large upfront investment in purchasing a trailer. The Uplend team can help.
Benefits of Leasing Dry Van
Lower Upfront Costs
When you least a dry van, you do not have to pay the full purchase price upfront. Instead, you pay a lower monthly payment for a fixed period, typically 5-10 Years.
Leasing a dry van gives you the flexibility to upgrade to a newer or different model once your lease term ends. This lets you keep up with the latest technology, safety features, and fuel efficiency.
Easy to Budget
You know how much you will be paying each month, which can help you manage your cash flow more effectively.
How the Process Of Leasing or Financing a Dry Van Works
When it comes to leasing, a lessee pays a monthly fee for the use of the trailer for a set period, usually 5-10 years. The lease agreement will outline the terms and conditions of the lease, including the monthly payment amount, length of the lease, and end-of-term buyout/ residual if applicable.
On the other hand, financing involves obtaining a loan to purchase the dry van trailer outright. The borrower will make monthly payments, which include both principal and interest until the loan is fully repaid. The borrower will also be responsible for any maintenance or repair costs during the life of the loan.
Both leasing and financing options allow businesses to obtain a dry van trailer without having to pay the full purchase price upfront, making it more affordable for companies that may not have the capital to purchase a trailer outright. We offer pocket-friendly rates for both services.
How We Can Help You
The Uplend team offers leasing and financing options at competitive rates. We understand the importance of having reliable trucks and the impact they can have on your business. That said, we offer flexible leasing and financing plans to fit the needs and budgets of our clients.
We collaborate with a network of lenders to find the best rates and terms for our customers. Our team also provides support throughout the leasing and financing process to ensure a smooth and successful transaction. Contact us today and discover how we can help you achieve your goals.