Does Your Business Need To lease Finance a New or Used Boom Truck?
Boom truck leasing can be a very effective means for securing the capital equipment you need to operate your business.
While not every leasing company has a focus or even interest in truck leasing opportunities, there are certain companies where this is a major focus of their lease financing efforts.
Leasing companies that have a focus in transportation equipment leasing will also tend to offer both capital leasing and operational leasing options as they are well in tuned with the used equipment market and know how to move or sell off assets that they may come into possession of at the end of a lease term or in the event of lease obligation default.
Going one step further, an item like a Boom Truck is slightly more specialized, so there can be some differences in the equipment leasing rates and terms you may be able to secure from one company than another.
This is one of the reasons why it can be important to work with a knowledgeable equipment leasing broker who can steer you in the direction of the leasing companies that are more likely going to be a good fit for your boom truck leasing requirements at any given point of time. The timing is key as leasing companies will change their appetite towards certain assets over time, so its always important to be focusing on the source of financing that is the best fit for you today versus anything that’s happened in the past.
Get Boom Truck Leasing That Meets Your Business Needs
Once you have identified a leasing program that is a good fit for your requirements and financial profile, the next decision is whether or not you should be taking an operating lease or a capital lease.
For transportation equipment, this tends to be more of a significant decision point than for other types of equipment with very long useful life and relates to your strategy or business practices regarding equipment replacement over time.
For this and other considerations, we suggest that you give us a call so we can get all your questions answered and provide boom truck leasing options for your consideration.