The occupation of truck driving offers several benefits that other jobs simply don’t have. Truck drivers can potentially set their own hours, the pay is excellent, and since there is currently such an extreme shortage of drivers, you’ll always have job security.

But purchasing a semi-truck is a significant financial investment, which is why some truck drivers and businesses that might only need one or two trucks choose to lease their vehicles.

Robertson Truck Group offers many leasing options for semi-trucks, box trucks, and pickup trucks. If you’re interested in leasing a truck in Ohio, we’ll go over the exact process, how much it costs to lease a semi-truck, and the pros and cons of leasing over buying.

What Is the Leasing Process?

Leasing is the rental of equipment for a certain amount of money over a fixed period. Before beginning the leasing process, knowing the differences between leasing a truck, purchasing a truck, and working as a company driver is essential.

When someone leases a semi-truck, they pay a company a certain amount to use it, but at the same time, the driver will be paid a percentage based on what they deliver. On the other hand, if someone owns their semi-truck, they’re likely to make more profit especially if they have no payments to make to the bank or trucking dealer. Of course, if someone is a company driver they operate that company’s trucks and are usually paid per mile.

You can lease a semi-truck in Ohio by either:

  • Leasing directly from a dealer, or
  • Leasing from a trucking carrier

How Much Does It Cost To Lease a Truck?

Some of the factors that affect the cost of leasing a truck or semi-truck include:

  • Location
  • Length of the lease
  • The company from which you are leasing

There can be quite a range of prices considering the age and quality of the truck someone is leasing. When it comes to a pickup truck, you can lease one for as low as $300 a month.

For newer semi-trucks, a lease can run from $1,600 to 2,500 per month, while older models can be leased anywhere between $1,000 to $1,600 per month. It’s important to note these costs do not take into account the initial down payment of a semi-truck lease.

Other costs that you should consider when leasing a truck or purchasing one include taxes, insurance, maintenance, fuel fees, and charges for excess miles. Each company you work with will have its own particular payment and reimbursement program, so do your research beforehand.

If your business has transportation needs, we can help. To know more about our leasing programs for semi-trucks, box trucks, or pickup trucks, contact us today!