Garbage Truck Rental for Capital Constraints
Waste management is a capital-intensive industry, as you well know. Each new garbage truck costs anywhere from $200,000 to $500,000. The business is further constrained from growth by labor, disposal and tipping fees, fuel expenses, and maintenance costs. When you need a garbage truck rental for capital constraints and tightly rationed budgets, Big Truck Rental can help.
Is Your Waste Management Company Capital Constrained?
There are many reasons why you may be operating under capital constraints:
- Your credit history has a few bruises.
- You’re a new company without established history and banks are not willing to lend.
- You’re looking to keep up with the competition by expanding your fleet.
- You’re waiting on payments from municipalities or a new contract to come through.
Rentals are excellent financial options, helping you get where you need to be without asking too much of you.
Build Up Capital While Accessing A Fleet of Garbage Trucks Today
Choosing a rent-to-purchase agreement for longer periods may be ideal for your company. The price of your vehicle is locked in at the time of contract signing. You have the ability to write the contract “off-balance sheet,” allowing you to pursue a bigger line of credit or use capital for other expenses. Also, you can move that capital from one year to the next. You receive the truck today and move your capital dollars into the following year.
These days, most companies operate 70% financed, but supplement with 30% rented to maintain flexibility and keep more liquid capital in their coffers. Rentals especially service the gap during peak demand windows such as holidays. You may not have the capital to get four new trucks in 48 hours, but you have this capability when you rent.
As the saying goes, “Time is money.” Rather than having to go out looking for the latest technology and best trucks, you can simply call us up, tell us what you need, and we make it happen.
Big Truck Rental Is a Leader in Garbage Truck Rental for Capital Rationing
Big Truck Rental keeps your business flush with cash and allows you to build capital reserves. We service all of the United States and Canada, with offices located in Markham, ON and Tampa, FL. We operate a vast network of distribution centers capable of getting you the waste hauling vehicle you need within 48 hours in most cases. We offer side-loaders, front-loaders, rear-loaders, and roll-offs by top manufacturers like Labrie, Heil, McNeilus, and Mack. Contact us to discuss all the flexible options available to you when you need a garbage truck rental for capital constraints.