Should You Rent or Buy a Refrigerated Truck?

As a business owner or manager, you know the importance of watching every penny you spend. So when it comes to a refrigerated truck, you’ll need to decide if it makes better business sense to rent or buy. Should you invest in a refrigerated truck for your business? Or does it make more sense to continue to rent? CVS offers both options, with affordable refrigerated truck rentals and reasonably priced vans for sale. But which one is right for your business? Here are some factors that should go into your decision to rent or buy and some questions that can help you make this important decision.

Questions to Ask Before You Rent or Buy a Refrigerated Truck

How often will you use the truck?

For many businesses, this is going to be the primary question that determines whether buying or renting makes the most sense for their business. If your business only needs a refrigerated van once or twice a year for festivals or other special events, then renting absolutely makes the most financial sense. Our rates start at $79 per day (not including mileage and fees), so you can get a lot of days out of a rental agreement before you even get close to spending as much as you would purchasing a van. If, however, you are using a van every weekend all year long, then it’s going to make more sense to purchase a van for your business.

Is this going to be an ongoing event?

Think about the future of your business. Are mobile events going to become a bigger part of your business, even if they are only happening occasionally now? Then it might make sense to invest in a refrigerated van. You can get years and years of use out of a high-quality refrigerated truck, so an investment now will pay off for your business plans in the future. However, if you aren’t sure what the future holds in terms of mobile events, then renting, for now, might be the better option.

How much cash do you have to spend?

You don’t necessarily have to pay for a van outright in cash, although many businesses choose to do so. Financing is usually available for a van purchase if it is needed. However, you need to consider how much cash you have available to spend on a van. Even if you finance, you’ll need to make those monthly payments. The costs don’t end there, though. When you buy a van, you’ll be responsible for all of the maintenance and repairs. That includes the van itself along with the refrigerated unit. If you don’t have the cash necessary to maintain the van, stick with the rental option. We maintain and repair our refrigerated truck rentals so you don’t have to worry about a thing.

Do you have the space to store a van?

For some businesses, space is at a premium. You’ll want to keep your refrigerated truck in a secure location. If your business doesn’t have a garage or a secured lot to park the truck, then you may need to rent a space for it. That can be inconvenient and the expenses involved with this option add up quickly. Of course, if you have a place to park the van, that’s no big deal. But if you don’t, renting a refrigerated truck could be the more convenient (and ultimately cheaper) option.

So Which Option is Right for Your Business?

Have you decided whether you should rent or buy? Either way, our team can help. If you haven’t decided which option is right for you, get in touch with our team. We will take the time to learn more about your situation and give you an honest answer about whether it’s better for your business to rent or buy once of our refrigerated vans and trucks. You can count on us for an honest, fair answer. And if you are ready to make that rental or purchase, we’ll find the truck or van that’s right for your needs and within your budget.