Efficiency Enterprises, Inc. 6300 Efficiency Way Baltimore, MD 21225

4 Tricks To Finding Reliable Commercial Truck Drivers

We all know how difficult it can be to find reliable commercial truck drivers. There are several reasons why this is such a big problem, but the good news is there are things that you can do to help alleviate this problem and secure reliable, long-term, and successful hires.

High turnover is not only a hassle, it’s incredibly expensive and causes low morale in the workplace. You want reliable drivers, of course, but you also want to make sure they stick around for the long term.

By conducting background checks, utilizing thorough drug testing, actually checking references, and developing good relationships with your drivers, you will be able to ensure that your CDL drivers are dependable and trustworthy.

Conducting Background Checks

When conducting a background check, you should start by looking into the individual’s education and employment history. You should then branch out from direct managers and then co-workers. If there were problems, this will give you some insight into what type of employee they are likely to be for your company—even if they otherwise have very impressive qualifications.

Another great way to check a commercial truck driver’s background is by looking at the DMV records. These records will show if the driver has a history of traffic violations, accidents, moving violations, and even DUIs from non-commercial driving.

Thorough Drug Testing

According to the Department of Transportation, “all drivers must undergo drug testing regularly.” However, not all drug tests are created equal.

A random test is performed without prior warning when it’s in your company’s best interest and at any time during employment.

One important point about both types of commercial driver drug testing is that it doesn’t just include a urine test; instead, there are collection methods using saliva samples or hair follicle samples which can detect further use history than urine tests alone.

Actually Check Their References

If you want to really vet a candidate, ask for references from not only past direct managers, but also past coworkers or clients. Then, check those references as well, thoroughly confirming there’s a solid network of reliability.

Another easy and affordable way to do this is through social media sites such as Facebook or LinkedIn. You can also use tools like Google Alerts to find out if there have been any negative reports about this person in the past.

Developing Good Relationships With Your Drivers

Having an idea of the types of drivers you’re looking for is only half the battle. You’ll need to be able to attract and develop good relationships with your workers if you want them to stay with the company for more than a few months. That means asking them what they need from their job and then ensuring that those needs are met.

Here are some strategies for developing a positive relationship with drivers:

  • Check-in regularly about how things are going on their end. If there’s something wrong, address it immediately so that it doesn’t become a bigger problem later on down the line. This will help prevent misunderstandings or disagreements from escalating into something much larger, saving everyone time and energy in the long run.
  • Keep an open dialogue between yourself and each employee as much as possible by allowing plenty of time beforehand so that everyone has ample opportunity to contribute their opinions or suggestions—this way no one feels left out when important decisions need to be made.
By utilizing background checks, drug testing, checking references, and developing good relationships with your drivers, you will be able to ensure that your CDL drivers are reliable and trustworthy.

While taking such a thorough approach to vetting your drivers might seem burdensome and lengthen the hiring process, it’s important to keep in mind the long-term costs associated with high turnover.

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8 Ways to Cut Down on Fleet Operation Costs

Managers are always looking for ways to bring down fleet operation costs and make their businesses more efficient. Luckily there are easy, cost-effective ways to bring down fleet costs while also improving the longevity and safety of your trucks.

1. Proper Driver Training

The easiest way to bring down fleet costs is to invest in training your drivers in fuel-efficient driving practices. Bring in defensive driving instructors to teach your drivers to drive slowly and cautiously. Instigate penalties to discourage aggressive driving, which can cost you up to a dollar per mile on some trucks. Multiplied across your entire fleet, driver training can make a big difference for your bottom line.

2. Carefully Monitor Tire Pressure

 Tire pressure can have a very large impact on your fleet’s fuel economy. The farther away from the manufacturer’s recommended PSI your tires are, the less fuel-efficient your vehicles will be. Weekly or daily checks can ensure that you are staying within the ranges recommended by tire manufacturers.

3. Run Vehicles in Shifts

Every driver does not need their own vehicle. Having your fleet vehicles operating in a morning and afternoon shift reduces the number of vehicles you need to operate while increasing fuel economy (reduces fuel used on startup and warm-up, especially in colder climates). If you move to a shift system, be aware that increased run time on vehicles will lead to slightly increased maintenance costs.

4. Reduce Miles Driven 

The fewer miles your vehicles cover, the less fuel and maintenance they will require. Investing in a quality fleet vehicle tracking and maps software can greatly reduce miles driven by avoiding inefficient routing. The better organized your fleet is, the more efficient it will be.

5. Lower the Cost of Your Fuel

Research the different company fuel cards that you give to your drivers. Depending on the company you get your cards from, you can receive discounts on fuel and other benefits that will help you reduce costs. Several cards will give you as much as 0.15$ off a gallon which can add up to big savings when multiplied by the size of your fleet.

6. Consider the Lifecycle of Your Vehicles 

 Often companies will mandate to keep vehicles in service for longer than they are operationally viable to avoid the cost of buying new vehicles. This increases overall fleet costs because as vehicles get older their maintenance costs will increase exponentially. New vehicles will require less maintenance and will have better fuel economy, making getting the lifecycle of your vehicles right a top priority for reducing fleet costs.

7.  Consider Resale Value

When buying fleet vehicles, consider what will allow you the best resale value. The easiest way to ensure a higher resale value is to buy trucks in neutral or high-demand colors. White vehicles are proven to have the highest resale value of any color. Keeping detailed maintenance records that can be provided to potential buyers is also proven to ensure a higher resale value.

8. Buy or Rent Vehicles in Volume 

Buying or renting your fleet vehicles in volume allows you to negotiate a lower price per vehicle than if you were to buy vehicles in smaller groups or individually. Volume purchasing requires good forecasting of your business’s needs and requires more capital, so make sure you are prepared before attempting to buy in volume.

Decreasing the operating cost of your fleet is a great way to make your business more efficient and increase profits. Implementing any of the simple solutions provided above will go a long way to making your fleet safer and more cost-effective. Let Efficiency find the best solution for your business!

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Top 5 Fleet Costs You Need To Monitor

Despite their many benefits, fleet vehicles can be a headache for business owners.

Fleet vehicles are an excellent way to improve the speed and efficiency of transportation and other company logistics, but they can also have hidden costs associated with them. Managing a vehicle fleet is a balancing act of price and value that needs to be monitored closely to ensure the success of your business.

Fuel

Fuel is likely going to be the biggest expenditure associated with any fleet of vehicles. According to the U.S. Department of Energy, the average vehicle consumes about 684 gallons of gasoline each year. That can add up quickly if you have a large fleet of trucks or vans. Since it’s not something you can control, tracking fuel consumption will allow you to determine how much fuel was used for each vehicle and what the average cost per mile is. This data will help you make informed decisions about how much to budget for gasoline.

Employee Wages

Driver wages are an important consideration when overseeing a fleet of logistical vehicles. A lot of companies will use a driver wage calculator to determine the value of their drivers, but that may vary based on a number of factors from location to productivity level.

Many companies have started to use telematics solutions to monitor the performance of their fleets, which enables them to keep track of how much fuel is being used by each vehicle and how many miles are being driven by each driver. This allows them to get a more accurate idea of what kind of salary they need to pay each individual employee in order to keep their fleet running smoothly.

Maintenance and Repair

The cost of maintaining and repairing large fleets of vans or trucks can be very costly. This is especially true when you consider that the ripple effects of a single-vehicle malfunction can affect your entire fleet. When you’re responsible for multiple vehicles, the costs associated with each breakdown rapidly add up. That’s why it’s important to monitor your mechanic fees and make sure they’re not getting out of control.

If you find yourself paying for more frequent repairs than usual, this could indicate that something needs to be replaced or repaired sooner than expected—and those costs will compound quickly. The price of parts alone can tally up fast, especially if you need to restore an entire engine or transmission. Plus, there are also labor charges to consider, along with the toll of downtime while repairs are being made.

Procurement of Replacement Vehicles

Fleet vehicle replacement is incredibly expensive. For example, if you have ten trucks and wish to upgrade them, you can expect to pay hundreds of thousands of dollars. This cost includes the price of the actual vehicles, along with any necessary upgrades and repairs that need to be made before they can be put into service.

Thankfully, fleet vehicle purchases can come with bulk rebates, discounts, or other special offers. These may help lower the overall price of the vehicle in order to make it more affordable for your company.

Insurance Coverage

When you’re in charge of a fleet of vehicles, you want to make sure they are properly insured. This can be a challenge because it’s hard to predict what will happen, making it difficult to know what type of coverage to get. You should always make sure that your insurance policy covers any vehicles that are part of your fleet.

The best way to do this is to get a commercial auto policy from your current provider, or with another provider if necessary. This type of policy will cover all kinds of damage and liability that might happen while an employee is driving one of your fleet trucks. It will also cover any injuries caused by accidents involving these vehicles.

Efficiency Enterprises can help you with your fleet planning and management. Let us be your partner and do the heavy lifting for you! Contact us today for your consultation.

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5 Reasons Why You Need A Fleet Replacement Schedule

Vehicle replacement is an essential measure of fleet management, and a clear and concise schedule is necessary for budgeting, planning maintenance, and more.

It’s very important to upgrade your fleet vehicles at certain premeditated intervals in order to preserve the safety of your entire fleet while preventing excessive downtime that can affect productivity. Thankfully, tools like automated fleet management software can track and analyze maintenance and service records for every vehicle in operation, ensuring optimal vehicle use and preventing accidents caused by poorly maintained vehicles.

Reduce Costs

It costs money to replace vehicles as they become damaged, outdated, or obsolete. The average fleet truck is in service for about nine years, with increasing maintenance fees as they age. Over time, your vehicle maintenance plan may start to fall behind or accrue unexpected expenses. It’s not uncommon for companies to keep their vehicles in service until they can’t run anymore—with the assumption that it will be frugal.

Poor or nonexistent replacement strategies result in long-term operating costs that are above industry standards because the repair fees necessary to keep an older truck or van running can be outrageous. To save money, you need to monitor past data and determine the correct time to replace your fleet’s vehicles. By waiting too long to update your fleet, it ends up costing more money than if you had planned ahead and swapped the cars during a determined interval.

Represent Your Image Positively

Outdated or damaged vehicles misrepresent the images of both your company and its products or services. When people see your company logo on a fleet of trucks or vans, they should understand that you are dedicated to investing in your business and providing a great experience for your customers and employees. Don’t let your drivers risk their lives, or your reputation, by driving obsolete trucks that have a good chance of breaking down.

More Predictability

Having a solid fleet replacement plan is an excellent way to prevent unpleasant scheduling and financial surprises. By creating replacement schedules based on fleet usage, businesses can plan and budget for associated expenses. Analyzing previous data will allow companies to have a better idea of future fees associated with their trucks or vans.

By following a routine service schedule, fleet vehicle operators can reduce unanticipated malfunctions and other unforeseen problems. When vehicles are used without routine maintenance and regular rests, breakdowns are more likely to occur and cause equipment downtime.

Incentives

Using incentives to your advantage is a wise decision for many businesses. Logistical and purchasing departments will often negotiate for replacement vehicles to be purchased in bulk each year. It is important to shop around for all of your available options to get the best deal.

Not only will you qualify for numerous dealer and manufacturer rebates, but there is often a large pool of funds from which you could draw money to subsidize the cost of your vehicles. Incentives can help you save thousands on each vehicle, potentially adding hundreds of thousands to your bottom line over the next several years.

Improved Safety

By periodically resupplying your fleet with newer vehicles, you are demonstrating to your customers that you’re serious about safety and security. You’re showing them that you care about the security of your employees and that you want to provide them with the most modern, advanced vehicles available.

Older vehicles may not be equipped to meet federal standards set forth by the National Highway Traffic Safety Administration (NHTSA) or other agencies that regulate vehicle safety. Newer vehicles are safer, more fuel-efficient, and comply with state regulations for emissions control, fuel efficiency, and safety features such as airbags, seatbelts, and anti-lock brakes (ABS).

Trust Efficiency to take care of your fleet needs! Schedule a consult with our team today to find the best fit for your business.

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What Are The Benefits Of Renting Fleets?

When it comes to running their business, many people bring the same mindset they grew up with to that firm. One of those preconceived ideas is often that buying is always better than renting. The truth is, however, that in many cases renting beats buying. This is particularly true in the case of a business that runs a fleet of trucks.

With Renting Comes More Flexibility 

If a business is cyclical and its projects are varied in size and often come with different requirements, renting offers a much more flexible solution. Renting will allow the firm to use the trucks it needs when it needs them. And when the project is over, those trucks won’t have to be stored and maintained while waiting for the next similar project to come along. The same principle applies to e.g. delivery vehicles. When a business works with an experienced rental firm it will be able to customize its transport needs on a per-project basis to only pay for what it needs. The cost savings involved in that alone is often enough reason to choose to rent your fleet over buying.

Reduced Maintenance, Insurance, And Storage Costs 

Renting trucks and other vehicles shifts most or all of the maintenance burden to the rental firm. Depending on the contract, maintenance can be partly or fully the responsibility of the rental company. This includes everything from routine services to attending to roadside breakdowns a thousand miles away. Plus the rental firm takes care of insuring those vehicles.

Another direct benefit of this is that the rental firm takes care of recruiting and carrying the cost of maintenance staff. There is no longer any need for the client to employ a team of technicians that are not always fully utilized.

When a company owns a fleet of vehicles, it also has to make provisions for storing them. If this is done on-site it will require a large capital investment plus long-term maintenance costs. Alternatively, the company will have to rent storage space from a third party, which can be very expensive. With renting a fleet that responsibility is of course transferred to the fleet rental firm.

Renting Makes It Much Easier To Update Your Fleet 

When a business buys its own vehicles, those vehicles will sooner or later have to be replaced or the issue of unscheduled breakdowns will start rearing its ugly head. Some firms follow a staggered approach, i.e. they replace a percentage of their vehicles every year or two. Others base the decision on the truck or other vehicle’s mileage.

Another reason fleets often have to be updated is the need for new equipment and features. Technology is changing rapidly and if a new contract comes along that requires the most technologically advanced features it could force your company to either make a huge investment or lose the deal.

Rental firms regularly update their fleets to make sure they always have the latest vehicles in stock. They typically replace their trucks, delivery vehicles, etc., after six months or a year to ensure that their fleets always offer what their clients need.

Renting Your Fleet Means No More Idle Vehicle Costs 

Vehicles that are sitting idle will still cost their owners money. The list here includes fuel that goes bad, seals that deteriorate, routine maintenance, fluids that have to be replaced, and tires that start rotting and cracking – particularly if the vehicle is standing outside in the sun.

Vehicles that are not garaged or covered can also suffer damage in the form of plastic and dashes that crack and become brittle, fading paint, etc.

A business that rents its fleet can focus on its core business activities while the rental firm takes care of vehicles. Looking to expand your fleet or perhaps you’re just getting started? Trust Efficiency to take care of the hard work for you! Contact us today!

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How Truck Wraps Can Be Used To Generate Impressions For Your Business

There is a good reason why so many businesses use vehicle wraps, and more specifically truck wraps, to market their products and services.

Based on research carried out by the OAAA (Outdoor Advertising Association of America) this is one of the most cost-effective ways to promote your business. Let us take a closer look at how truck wraps can be used to generate impressions for your business.

Truck Wraps Reach A Wide Audience 

According to OAAA data, a single truck wrap is able to generate anything from 30,000 to 80,000 impressions (views) every day, depending on the size and population of the city where your trucks are being used. The OAAA also recently stated that vehicle wraps can be used to reach no less than 95 percent of Americans.

Truck Wraps Are Memorable 

In a poll conducted by Cox Communications among millennials (people between the ages of 18 and 34) a while ago, it came to light that nearly half (47%) of this very important market segment find vehicle wraps easy to remember. In other words, you won’t be paying for advertising that most people will forget within the next 5 minutes.

Truck Wraps Are Among The Most Cost-Effective Ways Of Advertising 

The return on investment should always be an important factor to consider when choosing from among the many different marketing options. The reality here is that, when it comes to the cost per 1,000 impressions, truck wraps are hard to beat. According to research recently carried out by Arbitron, Inc., the cost of truck wraps starts at about $0.35 for every 1,000 impressions. Most other options are much more expensive. Outdoor signage will, for example, cost a business around $3.56 for every thousand impressions. The cost of radio advertising is more than double that at around $7.75/1,000. And when it comes to television advertising, the cost is about three times higher than radio at $23.70 for every thousand impressions.

Truck Wraps Are Perfect To Reach A Local Market 

Let’s face it: with nearly any other form of advertising your business will be paying to reach, not only its target audience, but also many people who will never become customers because they simply live too far away. Truck wraps don’t suffer from that shortcoming. If your trucks are moving around in a specific area, its people most likely form part of your target market. And they can easily and cost-effectively be reached with eye-catching truck wrap ads.

Truck Wraps Are Less Invasive Than Many Other Forms Of Advertising 

With many other forms of advertising, the potential customer is busy doing something else and your advertisement interrupts whatever he or she is doing. They might actually find your ad so intrusive that they subconsciously block it from memory. Truck wraps, on the other hand, do not interrupt anybody’s journey. Because they are part of the traffic scenery, they blend in more seamlessly. Yet, as we have seen above, their messages tend to linger longer in the minds of viewers.

Looking to add truck advertising to your marketing plans? Let Efficiency handle the design, installation and tracking for you! Contact us today.

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Fleet Maintenance Costs: How Do You Control Them

If there is one important point of which fleet managers should never lose sight it’s that fleet management costs are not fixed, they are variable. This includes the types of vehicles in your fleet, the costs of supplies and parts, and even other factors that can impact fleet maintenance costs, such as the weather and road conditions. It’s crucial to know the difference between fixed and variable costs if you want to control expenses and introduce practices that will help to limit costs. The following steps will go a long way to help fleet managers who want to improve control over their fleet maintenance costs.

Reduce The Number Of Vehicles In Your Fleet

With better route planning, improved driver utilization, and rescheduling deliveries and pickups more efficiently, it should be possible to do the same work with a smaller fleet. This is the only surefire way to reduce fleet maintenance costs. Do not, however, cut down the fleet size to such an extent that it forces drivers to drive unsafely because they have to rush everywhere they go. The focus should be on better planning. 

Set Up And Adhere To Fleet Maintenance Programs

Scheduling fleet maintenance results in better cost predictability and enables fleet owners to plan properly because they know the intervals between services, shop space, tools, technicians, and parts that will be needed. This improves the quality of work, boosts workshop productivity, and reduces costs. 

Instructions should take the form of checklists that clearly set out the work that has to be carried out, taking into account driver reports and the data from onboard telematics systems.

Make Sure Your Vehicles Always Take The Shortest Possible Routes

If you don’t use GPS routing in your company’s fleet, you are losing out on an important way to help control fleet maintenance costs. This technology used real-time traffic information to calculate the quickest possible route to the driver’s destination. Not only does this save time, but it also saves fuel, and reduces wear and tear on the vehicle. This in turn has a direct impact on repairs costs and depreciation.

Ensure That Parts Inventory Is Effectively Optimized

Properly optimizing parts inventory can help bring about significant cost savings. With the proper parts being available whenever they are needed, technicians will be able to do their work more efficiently and without unnecessary waiting times. If your firm already employs a fleet maintenance program, making sure the right part is available at the right time will help to reduce the time vehicles spend in the workshop. This will in turn reduce labor costs and vehicle downtime, both of which are important elements of fleet maintenance costs.

Replace Vehicles When They Reach A Certain Age

There comes a stage in every vehicle’s lifetime that driving it will cost more than the higher cost of replacing it with a newer one. When a vehicle starts to require above-average repairs and its fuel consumption increases significantly (very common with older vehicles), it is most likely no longer financially justifiable to keep it in your fleet. With the help of financial forecasting, you should develop rules to decide when a vehicle should be replaced and what it should be replaced with.

Get Rid Of Unnecessary Loads

Fuel is one of the biggest costs of running a fleet. and carrying unnecessary materials or equipment can significantly increase fuel usage. Make sure only the equipment the workers need for a particular job is carried onboard any vehicle. Train the workers to always remove equipment used at a previous task before proceeding to the next one. This specifically refers to heavy tools and equipment. The additional drag caused by an empty roof rack can, for example, increase fuel consumption by as much as 30%.

Want to get the most out of your fleet? Trust the experts at Efficiency! Contact us today for your free evaluation.

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10 Important Factors When Buying Pre-Owned Trucks For Your Fleet

At one time or another, many businesses find themselves in need of a good used truck to add to the fleet. When choosing a pre-owned truck for your business, aftermarket exhaust systems are just an important factor that has to be considered, along with the cost and the value of the vehicle. In this article, we will go over the top ten factors you should consider when buying a used commercial truck.

10 Essential Factors When Purchasing Used Commercial Trucks:

Cost
Truck costs can include purchase price, fees, and taxes. Many companies desire fixed-cost purchasing plans, so the cost of the vehicle is known and budgeted for. Fixed cost purchasing plans typically include the purchase price, delivery fees, taxes, and extended warranties.

Durability
The durability of a used commercial truck will be determined by its age and mileage. It is essential to know how many miles were on the truck before being taken out of service. A truck with an average of about 200,000 miles on its odometer is considered to have good durability. The buyer must look into the history of any commercial trucks being considered for purchase.

Reliability
When purchasing used commercial trucks, it is essential to ensure they are reliable. The best way to determine the reliability of a used commercial truck is to check its maintenance records. It is necessary to verify that an authorized dealer has properly maintained the vehicle.

Warranty
Warranty coverage is one of the most overlooked factors when purchasing pre-owned trucks. Any company that buys new vehicles should have a “bumper to bumper” warranty. The warranty will cover all of the truck’s components part of the original manufacturer’s equipment list. It also includes the engine, transmission, drive axle, and suspension system.

Price
There is a big difference in purchasing used commercial trucks based on make and model in addition to mileage. A rule of thumb is that the older the truck, the less expensive it will be to purchase.

Capacity
All used commercial trucks have a capacity rating associated with them. The capacity rating tells you how much weight and cargo each truck can handle. When choosing an appropriate truck for your business, ensuring its capacity matches your needs is vital.

Service network
All of the commercial trucks for sale will have a service network associated with them. The service network is an important factor to consider because it tells you how many dealerships are available to provide you with parts and service information if needed. It also shows you which dealership supports models.

Towing capacity
The towing capacity of any used commercial truck is important. If you are purchasing the pre-owned trucks for a company that has large trailers or tow vehicles, then the truck must keep up with the trailer.

Operating costs
When purchasing used commercial trucks, operating costs are one of the most important factors to consider. The operating costs of a used commercial truck include things like fuel economy and repair and maintenance costs. It may be beneficial for you to investigate the average costs of similar trucks that were purchased in the past.

Insurance
Truck Insurance rates vary depending on many factors such as the age, make, model, and mileage of the truck. If a company is purchasing used commercial trucks, then it is important to investigate insurance costs for similar models in the past.

While these 10 factors make a major impact on your decision, always go the extra mile with your research. Whether buying used or new, you want the most value for your money while ensuring that you are getting a high-quality product. Need help looking over your fleet plans or purchasing the right vehicle? Let Efficiency handle the heavy lifting for you!

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5 Costs Involved In Commercial Truck Leasing

Commercial truck leasing can be a great way to get the equipment you need without paying for it upfront. However, many costs come with this type of lease. In this blog post, we will explore 10 of these costs so that you know what to expect when considering commercial truck leasing.

1. Acquisition Fees

When you lease a commercial truck, one of the costs is acquisition fees. These are just leasing company fees that cover things like administrative expenses and insurance premiums. The leasing company will not collect an acquisition fee if you purchase the truck at the end of your lease.

2. Depreciation

Another cost involved with commercial truck leasing is depreciation. This refers to the loss of value or money that results from using equipment for an extended period. Essentially, your asset (the lease) has less worth at the end than it did at first because you have used it and worn out some parts in the process. The specific amount of depreciation will depend on the life expectancy of the truck and how much use it gets.

Depreciation costs can be tricky to calculate, so commercial truck leasing companies typically offer a simple lease calculator to put in your desired information for an estimate. Then, they’ll propose an estimated monthly payment based on this calculation.

3. Financing Costs

Part of the cost involved with commercial truck leasing is financing costs. The company will typically use a bank or other financial institution to finance your lease, and they’ll charge you interest for this. If you are also paying acquisition fees, you can combine these two things into one monthly payment that covers both items together. This is usually done because it’s easier for the lease company to pay one bill each month instead of two.

4. Insurance Premiums

As with any vehicle, you will need to pay for insurance premiums when leasing a commercial truck. This is one of the highest costs of commercial truck leasing and can vary greatly depending on what kind of coverage you choose (the more comprehensive your plan, the higher it will be). You should always check various insurance providers before leasing a commercial truck so you can find the best deal.

If you are using your insurance policy to cover any damages, it is high enough for this purpose. The leasing company will not pay out of pocket if there is an accident, and they will also charge penalties or fees if their deductible payment has already been used up.

5. Maintenance and Repairs

Part of the cost involved with commercial truck leasing is maintenance and repairs. As you use your leased equipment, it will eventually need to be fixed or maintained somehow. This can result in charges that come out of your lease payments if insurance covers them (for example, windshield replacement). You should also know that if you use your maintenance plan, the leasing company may still charge an additional fee to cover it.

6. Payment Method Fee

One of the costs of commercial truck leasing that many people don’t know about is the payment method. It can be challenging to find a company willing to lease you their equipment if you cannot make automatic payments through your bank account or credit card information.

This also makes it easier for them because they will only have one payment to make instead of tracking down payments from your business. This is especially important if you are using a third-party financing company, as they will need an easy payment method for the transaction process to go through correctly. The leasing company may require that you have a credit card on file with them and authorize automatic debits from your bank account.

You must set up a straightforward arrangement with all parties involved about who will pay for what type of repairs and when. The last thing you want is surprise charges because there was some misunderstanding along the way. It would be best if you discussed this before the lease begins. Worried about your existing contract? Want a second opinion? Let Efficiency help!

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How to Remove Stress Out of Commercial Truck Leasing

For many companies, commercial truck leasing has been nothing short of a highly stressful affair. Instead of enjoying and experiencing the joys of truck leasing and realizing business dreams, what they experience is just a protracted nightmare. Fortunately, there are several tips that you can employ to ensure that you don’t end up too stressed by truck leasing.

Do Thorough Research on Truck Leasing Programs

Most of the mistakes you will make when it comes to truck leasing are a result of trying to do things at the last minute. Therefore, you must avoid doing that and ensure that you know everything you must know ahead of time. In fact, the more details you find out ahead of time, the better your decisions will be when it comes to getting into lease agreements.

One of the best things you can do is talk to experienced operators about best practices when it comes to leasing trucks. There are several questions you can ask. For instance, you can inquire about their monthly or weekly rates or down payments. You can also find out if they handle any maintenance, towing, or repairs? The trick is to know as much as you can before you sign anything. Find out what’s in the lease contract. If everything is clear before you sign, then the chance that things will go wrong becomes slimmer. The truck leasing service should be able to answer all of your questions.

Read the Terms of Service

If you are regularly transporting heavy loads, it means you will likely need to lease trucks for a longer period. So before you agree to anything, ensure that you read the terms and conditions thoroughly, so you don’t get into an agreement without proper understanding. You need to know the kind of support the leasing company is promising to offer. This will help clear things if something unexpected happens. You also need to find out if there are any distance limits placed on the trucks. Failure to abide by some of the conditions listed in the terms and conditions can result in penalties.

Consider Prices

As with all your expenses, you need to compare several offers and pick the one that best serves your interests. You must never jump at the first deal you will find. Some service providers might just charge you a lot of money even if their service is no better than the next. The first thing you need to do is set a budget and ensure that you stick to it. Hiring services rarely negotiate, so you need to find a provider with a price that you are comfortable with.

Check the Type of Trucks

Another thing you seriously need to look into is the size of the trucks you’re looking at leasing. Older vehicles will probably not be as efficient as you want, and they need more maintenance. If you are planning to purchase the trucks at the end of the lease, it is not advisable to pick trucks that will be difficult to maintain and upgrade.

Accessible Service Centers

It’s not uncommon for vehicles to break down. Sometimes even the best-maintained vehicles can have problems. Before you sign the lease agreement, you must find out how quickly the provider can address the problem and where their service centers are located. You need to get your trucks from a service that takes the safety of its customers seriously and offers 24/7 roadside assistance. Some of the best service providers will provide you with a replacement truck at no extra cost to ensure that there are no delays on your part.

These are some of the things you must look into to ensure that you don’t end up in a tricky spot after leasing trucks. The idea is to be well informed when it comes to how lease agreements work and what you should be looking for in a service provider. Let Efficiency Enterprises make your leasing experience easy! Contact us today to learn more.

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