Reasons to Lease A Reefer in Toronto

Equipment financing in Toronto, including leasing a reefer has numerous benefits compared to buying a new or used reefer. It is a smart investment for businesses that rely on refrigerated transportation to transport their products safely and efficiently.

  1. Leasing Provides Businesses With Greater Flexibility
    You can choose an ideal lease duration. This is particularly beneficial to seasonal businesses. Also, leasing allows businesses to upgrade their equipment frequently to ensure they’re using the latest technology and keeping up with industry standards.
  2. Leasing a Reefer is More Cost-effective than Purchasing
    Purchasing a reefer requires a significant upfront investment, which can be difficult for businesses that are just starting or those that have limited financial resources. On the other hand, leasing a reefer involves lower upfront costs and predictable monthly payments, making it easier for businesses to manage their cash flow.
  3. Leasing a Reefer Provides a Wider Range of Options
    The vendor provides a diverse range of reefer models and sizes tailored to meet the specific requirements of each business. This can be beneficial for businesses with unique transportation requirements or those that need to transport different types of products. Regardless of your needs, you can always find a solution through leasing.
  4. Leasing Provides Tax Write-off Benefits
    By law, you can now write off lease payments as business expenses in addition to claiming the amortization on an asset.

What are the Types of Reefer Leasing and Financing?

There are 5 common types of reefer leasing and financing, such as full-service lease, full-service equity lease, ownership transition, short and long-term rental, and dedicated maintenance. However, the most popular lease option is the Full Service Lease – it combines all the elements of truck operations in one. 

Why Choose Our Reefer Leasing and Financing Services in Toronto?

As a dedicated, reputable, and experienced team, we’ll help you access customizable financial solutions fast and with minimal challenges.

Besides offering great rates to save you money, our customer service will take you through the application process and ensure your needs are effectively and conclusively addressed.

The cost of trucks and trailers has increased as demand increases, affecting many trucking companies and private individuals who depend on trucks or reefers to survive. Therefore the process to lease or finance a reefer can get complicated, and this is where our team comes in. We’ve developed a simple process to ensure that your reefer loan is approved in the shortest time possible and you would benefit greatly with us by your side.

Contact Us Today

We’d love to have the opportunity to understand your business and develop a strategy customized to your business’ short-term needs and long-term goals. Contact us at 905-268-3351 or complete the online contact form below.