3 Things To Check On Your Semi-Truck Leasing Contract
As you might already know, leasing semi-trucks can be a much better choice for many drivers than actually buying one. However, every leasing contract is different, and it is important for you to know what you are getting yourself into. These are some of the things that you'll want to check before signing the contract. Then, you can help avoid any issues later.
1. Mileage Restrictions
One reason why some people don't like to lease cars is that they often come with strict mileage restrictions and because the cost of over-mileage fees can really add up. This could be something that you are concerned about when leasing a semi-truck since you will obviously be hitting the highway with it a lot for your job. Many leasing providers do not have any mileage restrictions in place, but some do. It's definitely a good idea to check your contract and to either look for a contract with no mileage restrictions or to choose one that has a mileage restriction that you think you will easily be able to abide by. This can help you avoid a whole lot of fees later on.
2. Carrier Restrictions
Some leasing contracts also have carrier restrictions in place, which means that you can only drive for certain companies in the truck that you lease. It's very important to pay attention to this; if you work for yourself and want full freedom to be able to drive for any carrier that you want without any restrictions, you will definitely want to avoid a contract like this. Luckily, there are many semi-truck leasing companies that do not have these restrictions in place.
3. Warranty Information
One of the perks of leasing a semi-truck is the fact that you can drive a brand new or almost new truck, which means that you should not have to worry about a lot of repair issues. However, things can still pop up with new trucks, even though it might not be as common. For best results, you are probably going to want to lease a truck that has a warranty. This means that the manufacturer will cover any repair problems that might arise, saving you a lot of money.
As you can see, it's definitely important to carefully read your leasing contract before leasing a semi-truck. If you look for these three things and any other clauses that might cause issues, you can help ensure that you don't have any problems later on.