Businesses that rely on trucks and lorries for carrying out their daily operations may either rent the lorries they use or purchase them. Whilst in a lot of situations, buying lorries or trucks makes much more sense. However, there are situations when hiring might be the wiser option. If you run a business, especially a growing business, and you need one or more trucks for seamless daily operations, here is a list of reasons you would opt for lorry rental in Manchester from T G Commercials Self Drive.
- You are starting a business and have limited capital
If you have limited capital and just starting a business, hiring will allow you to put what capital you have towards the things that will help your business grow. If you buy a lorry, you will tie up your financial resources in an asset. Renting, on the other hand, needs money, but not as much as purchasing commercial vehicles, such as trucks and lorries.
When you rent, you do not have to invest in the ownership of the vehicle. Therefore, you are saved from spending significant money repairing and maintaining the vehicle. Also, the depreciating value of the vehicle will not impact your financial resources.
Furthermore, the money that you save by renting a lorry can be invested in other aspects of the business, such as advertising, securing a better location, hiring new staff and other items that will help the business to grow.
- Helps in managing a limited cash flow for your business
Rent a lorry if the cash flow of your business is tight. Renting will not get your capital tied up, and it will decrease the financial risks that your business assumes.
Owning a commercial vehicle means taking care of repair costs and paying for routine maintenance, such as tire rotations, oil changes and brake replacements. You also have to be prepared to spend a lot of money in replacing components and ensuring your vehicle is in top condition.
When you rent, your business is not responsible for maintaining those vehicles, and you do not have to pay for possible repair and maintenance costs. If there is an issue with the rented vehicle, T G Commercials Self Drive will get it replaced and repaired. If the truck breaks down in the middle of your journey, we will provide you with a replacement that you can use.
- You can avoid loan interest
Renting a lorry means you have to pay a small monthly fee in exchange for your use of the vehicle. Therefore, it is an added financial benefit for your business. On the other hand, purchasing a commercial vehicle would mean that you have to take out a loan and pay interest.
- You do not have cope with a breakdown alone
If a rented truck breaks down, you can take advantage of our roadside assistance and be out on the road as soon as possible. It means that you are never alone even if you have rented out a self-driven truck or lorry from us.
Moreover, even if you maintain a fleet of commercial vehicles for your business and one or more of them breaks down, you can count on us to rent you out vehicles, so your business is not interrupted. The rented vehicle will be a temporary replacement and help you in moving your goods, so your business keeps moving forward.
- Renting makes sense when you use a lorry infrequently
If you need to use lorries and trucks occasionally, you can rent a vehicle on an as-needed basis because it will cost you less than owning a commercial vehicle. You do not have to worry about maintenance fees, monthly payments, insurance premiums or depreciation. All you need to pay is a small fee when you hire a truck or lorry from us.
Businesses of all sizes need to rent lorries and trucks for a variety of reasons. It might be for moving goods or replacing the vehicles that have broken down. If you need lorry rental in Manchester, connect with T G Commercials Self Drive. Our executives will help you rent the best lorry for your needs.