The Fleet Business Authority
Issue link: http://heavydutytrucking.epubxp.com/i/236631
– Hank Grahn, Penn Commercial Vehicle simply keep the truck longer, but might have more uses for it. "Sometimes lessors can extend a term or lease it to someone else for a year or so until the market for used vehicles improves, assuming useful life remains and there are miles where the maintenance curve won't increase much," Galick says. Leasing is also possible for experienced owner-operators, he explains. Lease payments are comparatively low because they cover depreciation but not equity in a truck, so an owner-operator can afford a better vehicle than he or she might otherwise be able to afford. Good credit is necessary, but sometimes an individual trucker can get backing on a lease or even a loan. Shippers have been known to do this in return for a reliable source of transportation. Credit now is more available than it was in the depths of the Great Recession, and companies such as NationaLease (an association of 165 ANYWHERE. ANYTIME. ANY ENGINE.™ Taking Command of Maintenance Costs Requires Prestone Command® Premium Antifreeze/Coolant PHOTO BY EVAN LOCKRIDGE What are good bets in used trucks? "Get advice from the experts who work on them." The cost of ownership of a new overthe-road tractor is well over $100,000 which has the potential to sway some customers towards leasing or buying used. truck leasing and rental and logistics companies, and some dealers) have plenty of competition in companies such as Ryder, Penske, Paclease, IdeaLease, not to mention regional and local sources of loans and leases. So whether you lease or buy, you ■ have many options. With patented anticorrosion formulas, Prestone ® Command offers improved engine protection for any heavy duty engine and is compatible with any heavy duty coolant. *Frost & Sullivan has recognized Prestone ® Command as a true innovator, with its advanced technologies that offer increased value and ROI through decreased truck maintenance costs. 2013 NORTH AMERICAN HEAVY-DUTY VEHICLE CHEMICAL AFTERMARKET NEW PRODUCT INNOVATION AWARD "Prestone Command® line of heavy-duty antifreeze offers an innovative solution to fleet owner-operators looking to improve their ROI for maintenance expenses by providing several advanced formulations to meet a variety of needs." — Frost & Sullivan Prestone also offers Diesel Exhaust Fluid (DEF) for your Heavy Duty Vehicles. ® Property of Prestone Products Corporation, Marcas Registrada. PRESTONE PRODUCTS CORPORATION, 1900 West Field Court, Lake Forest, IL 60045 ©2013 Prestone Products Corporation *Frost & Sullivan provides market research and analysis to global industry leaders from key industries, including Automotive and Transportation. ® www.PrestoneCommand.com • (888) 282-8960 Email: OrdersPrestoneCommand@Prestone.Com Circle 250 on Reader Action Card www.truckinginfo.com JANUARY 2014 • HDT 45