Should You Lease a New or Pre-Owned Hino?

Leasing industrial trucks is becoming a popular financing option for Canadian truck fleet owners. Depending on how you structure your business’ finances and what your tax considerations might be, leasing can be very attractive because it can help stabilize cash flow and provide you with a quality, low-maintenance truck.

When you look at a truck from Hino Canada, pre-owned leases become an even more enticing option because of the Toyota’s Group’s reputation for reliable transportation that is going to stand the test of time. Rather than paying full sticker price to drive a new truck off the lot, pre-owned leases offer the best of both worlds: a low monthly rate and the flexibility of moving onto a new truck at the end of your lease.

Because of the flexibility, leases are great for businesses that are in transition, whether just beginning or rapidly growing, where you are not fully sure what your fleet needs are going to be 3-5 years down the road. You can get the full operation of a quality truck without having a long-term commitment, should your business’ needs expect to change significantly within the next few years.

The flexibility of leasing gives our Hino truck leasing customers the opportunity to drive the latest model. Driving the latest Hino truck model around Toronto and the GTA projects a successful, confident image, and if this is your company’s branding angle, then a new truck lease is likely your best option. Many of our fleets have a mix of new and pre-owned Hino truck leases, and the decision all comes down to your needs, your numbers and how you’re looking to grow.

The good news is that, here at Somerville Hino, we work closely with fleets large and small and can structure a great leasing deal on either a used or new Hino truck. Check out our inventory online or get in touch with us directly to learn what makes us an award-winning Hino dealership.