There may come a time when you need a truck for a specific reason and you don’t have one. None of your friends have a truck that is suitable enough for the job that you want it to do. What other options are open to you?
Well, there is always the option to rent a truck and this works out much cheaper than going out and buying a truck for yourself. When you buy a truck, you have to come up with a deposit and unless you are paying in cash, you are going to have to make monthly payments. You then need to insure the truck and make sure it is mechanically sound so that it passes many government mandated tests before you put it on the road.
There is one great option open to you and that is to rent a truck in Banbury
, which is usually for a fixed period of time and then you pay monthly for the duration. It allows you a lot of flexibility, great convenience and is very cost effective, when you compare it to the costs of buying a truck outright on hire purchase. This allows you to use the extra cash to invest in something else more worthwhile, to make you some additional money. There are a number of ways you can benefit from renting a truck in the UK and here are just some of them.
1. Budgeting Is Easy – When you are renting your truck, you know exactly how much money needs to be paid every month. You will know when the payments are due and how much it is. The rental payments are much lower than payments to buy a vehicle and there are no repair costs and maintenance costs to undertake. The plant hire company will take care of all of this, so that your truck is mechanically sound and ready to go to work.
2. It’s Tax Deductable – Hiring a truck allows you to take a tax deduction because the monthly payments are treated as a business expense and so you can deduct it from your company’s profits, at the end of the UK tax year. If your company is VAT registered, then you can claim back the full amount of the tax. This is something you can’t do, if you were to buy the truck on hire purchase.
3. Maintenance And Service – This doesn’t apply to you because you are renting the truck, not buying it. It doesn’t belong to you and so the hire company will take care of any maintenance and fixing of the vehicle. They will cover the tax, the MOT, the tyres and anything else that the truck needs to operate smoothly. Some companies in the UK will even paint the truck with your company logo, if you agree to rent the truck for an extended period of time. You just need to have insurance and fuel and off you go.
Renting a truck is the best way to get what you want, but at a premium. All the stress and hassle of regular maintenance is taken away which allows you to concentrate on more important things.