The Need for 4x4 Work Truck Rentals
We know that especially in the wake of COVID-19, companies are emphasizing business intelligence and lean operations to maximize profits while reducing costs. For much of the labor force, this means companies are turning toward 4x4 work truck rentals over purchasing or leasing full-size trucks.
Who Rents 4x4 Work Trucks?
Contract Workers. For contract workers in industries such as construction, government, mining, infrastructure, etc., a 4x4 work truck is often a critical piece of equipment. However, purchasing, maintaining, and utilizing a full-size truck outside of contract projects can seriously eat into profit margins. For contract workers, 4x4 work truck rentals allow the contract worker to have a truck when necessary but not incur truck-related costs between projects.
Seasonal Workers. For seasonal workers, such as those in construction, mining, or exploration, the seasonality of a job means a work truck sits unused during the winter (or is downgraded to a gas-guzzling commuter vehicle). For many seasonal workers, there is little need for a pickup truck during the off season. Utilizing a 4x4 work truck rental service helps seasonal workers avoid extraneous costs. In some cases, such as with mining contract labor, companies will absorb the cost of a work truck rental as part of the contract employment agreement.
Out of State Projects. For projects that take you temporarily cross-country, a 4x4 work truck rental can equip you with the wheels and gear you need on-site while still allowing you to travel in the most convenient way possible to the job site. Most companies prefer air travel for their employees over cross-country commuting, especially in a gas guzzler like a pickup truck, not only for affordability but also for time savings. However, this doesn’t eliminate the need for many of these travelers for a rugged work truck upon arrival. Many 4x4 work truck rental companies will meet their clients at the airport for convenient truck drop-off.
Fleet Augmentation. For companies that require fleets, work truck rentals may be used as a stopgap during periods where an additional truck may be needed part-time, but the need does not yet exceed the cost of a full-time addition to the fleet.
Benefits of Work Truck Rentals
Trucks don’t sit unused. One of the main reasons a company owner or contractor will choose a 4x4 pickup truck rental over purchasing or leasing a pickup truck is so the truck doesn’t sit unused. With rentals, companies or contractors can access a truck when needed but not have the truck sitting unused in a lot, incurring maintenance, registration, and interest costs without bringing in any actual profits.
Eliminate maintenance. Another reason companies choose to rent instead of owning a work truck is because it eliminates maintenance costs. Most work truck rental companies include maintenance in their rental packages, which means the burden and cost of maintenance is not on the client.
No depreciation. Purchasing a truck for work use comes hand-in-hand with the cost of depreciation. However, if a client chooses to rent a pickup truck instead of purchasing, they avoid the burden of depreciation. Instead, a rental is a hard expense, and they can expect a reliable, quality truck during each rental period.
Increase profit margins. As-needed rental periods incur costs only as the truck is helping to drive a profit. Conversely, a purchased truck will incur costs related to maintenance, loans, interest, depreciation, etc., regardless of whether the truck is being used or not. This method of cost management means reduced expenses and increased profit margins.
Maximize truck capabilities. It’s not uncommon for a company to provide a work truck for employees who may only occasionally need the capabilities of a truck. The result is a truck that is used for more commuting than for actual labor. Renting a work truck as needed can eliminate the need of a company truck altogether or reduce company costs with a more affordable company vehicle augmented by a rental 4x4 work truck when necessary.
Final Thoughts
For companies or contractors in need of a truck for occasional or seasonal needs, a 4x4 work truck rental can be a wise choice for saving cost and reducing the burden of debt.