Bus Leasing Tips – when is Leasing or Renting the right answer for your transportation needs?
If you or your organization need a bus, short-term or longer-term, it may be a bit daunting to consider purchasing a bus. Depending on your transportation needs, a lease or rental bus could be the best solution. Avoiding key aspects of vehicle ownership from sales tax and registration fees to insurance and long term maintenance, leasing can be a win-win option. Today, nearly one third of vehicles on the road are leased and not purchased.
The decision to lease or buy depends largely on the purpose and transportation needs. There are a number of reasons to justify leasing as a better option than purchasing a vehicle. It is a viable option for companies not ready to expand their current fleet, since it saves them time and money. There are some companies that need vehicles seasonally and buying a new one seems like a bad deal, whereas bus leasing sounds like a wiser alternative. And finally, there are large families and organizations that may need a bus or buses for group programs, extended vacations and summer/winter activities and events.
- If you only need the bus for a little while, leasing is perfect. Eventually, every bus will need repairs. When that time comes for your bus, you may need a temporary replacement. Whether your bus is in the shop for a few days or a few weeks, leasing a bus gives you the flexibility to continue doing business without missing a beat. Once your repairs are completed, you can just return the vehicle you leased.
- Experimenting with your business model doesn’t require a permanent addition to the fleet. Some companies maintain a fleet of shuttle buses to transport their employees and clients. If you’re trying out this new idea, leasing allows you to give it a go without making a commitment. Then, too, if you’re considering expanding your business but aren’t sure whether or not it’s the right choice, leasing a bus lets you see whether or not there’s truly a need for another bus.
- Sometimes, you may not have the budget for a new bus. If you need a new bus but your budget is too tight, leasing can give you time to save. What’s more, by leasing a bus you can determine which features you really like before you make the commitment of buying a bus.
- Leasing a bus offers many advantages, all on its own. It’s a convenient option, often easier financially and quicker than buying a vehicle. If you want regular upgrades, leasing lets you do that without having to purchase a new bus every time. What’s more, leasing usually comes with a full warranty for the lease period, so if anything goes wrong with the bus, you won’t have to pay for repairs or maintenance. This can be a real boon to your budget. Finally, when you lease a bus, you can try out a newer model without the hefty price tag. You can get a bigger bus with more up to date amenities than your budget would allow you to buy.
Whether you want to buy or lease a bus, visit Davey Coach Sales or Cornerstone Bus Leasing. Established in 1992, Davey Coach and its subsidiaries are one of the leading dealers of new and used mid-sized buses and shuttles in North America. We have a huge selection of makes and models, and we specialize in bus conversions to help you make your vision into reality. For more information call 800-873-1856 or contact us through our website.