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.
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.