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Should you lease or buy a semi-truck?

An owner-operator’s decision to lease a semi-truck versus buy one impacts their business and budget. See below the reasons to lease or buy a truck.

Benefits of leasing a truck

You spend less money upfront.

SFI offers low money down and flexible credit score options, which can help you get into a truck sooner.

You have more financial security.

Some of the perks include:

  • Extensive warranty plans.
  • 24/7 maintenance support team.
  • Discounts on parts and labor.
  • Flexible truck payment options.

You have more options.

At the end of your lease, you can:

  • Pay off the remaining balance on the truck and own it.
  • Finance the truck to extend your lease.
  • Turn the truck in and upgrade to something else.

Benefits of buying a truck

You build equity over time.

Once your payments are complete, you can:

  • Own the truck outright.
  • Continue to drive the truck payment-free or use the equity to trade it in for a newer truck.
  • Likely take a tax write-off for the depreciation of your truck.
  • Likely deduct interest paid on loans for your equipment.

You may save more money in the long run.

You’ll have smaller monthly payments compared to someone who leases a truck, which will save you money over time.

You can customize your truck.

When you buy a semi-truck, you have full ownership and control over the vehicle.

Lease from SFI Trucks

View new and gently used semi-trucks for lease. We have a large selection of van and tanker standard, van premium units from Freightliner, International and Volvo to choose from.

See available SFI trucks

Buy from Schneider

Browse used semi-trucks for sale. We have a wide variety of sleepers and day cabs from manufacturers including Freightliner, International and Volvo.

See available Schneider trucks