There is no one right answer to this question because there are benefits to both leasing and financing for tow companies. Financing a commercial truck often means you’ll have to pay a relatively large down payment; for smaller companies or individual contractors, if you don’t have the money on-hand you may have to use a credit line which limits cash flow which you may need for your growing company. Of course the upside is the truck is yours to own for as long as it lasts (and with a Hino, that’s a long time).
Leasing, on the other hand, generally requires a much smaller down payment, leaving you with more cash to use for your growing company. Leasing a truck also means you’ll have to return it at the end of the lease, and there are certain restrictions you may have to abide by. At the end of the lease, you bring back the truck and walk away, or upgrade to a newer, more capable vehicle.
Towing is a big, growing business in the Greater Toronto Area (GTA). More and more cars are on local roads each year, and there are construction projects on the go all over the city, which means vehicles of all sizes breakdown daily. To keep traffic moving, tow operators keep the GTA moving. Of course, you need the right, capable truck if you’re going to be a tow company in Toronto and one of the best options available is the Hino 258U. Used by individual operators and large companies, the 258 is a reliable truck ideal for tow operators.
Having a low profile platform is an important feature for tow trucks; a low profile allows you to load a vehicle onto the truck quickly and efficiently. The Hino 258U is available in seven different wheel bases, so you can get a 258 perfect for your towing focus. Whether you’re towing heavy equipment or a standard car, there is a 258 to suit your needs.
The Hino 258 comes with a J08-WU engine that puts out 230 hp and creates produces 520 lb.-ft. of torque @ 1,500 rpm, making it an incredibly versatile workhorse. If you need even more horsepower, the 258 also has an option for an upgraded, engine that puts out 260 hp and 660 lb.-ft. of torque. The Hino 258 is more than just a pretty face—it’s one capable tow truck.