How fleet rentals in waste management can unlock long-term benefits
Attitudes around fleet rentals are continuously evolving. Waste management companies of all sizes and specialties are moving beyond old misconceptions to capture the long-term advantages that renting can bring to their operations.
Those benefits extend beyond crisis management as most would expect the rental industry to service. Granted, having access to reliable equipment in a pinch is essential, yet there is equal value is using truck rentals to optimize a business strategy in real time.
“Over the last couple of years, our business continues to evolve from a rental reason perspective, as we continue to see a higher demand in pre-planned rental users truly utilizing our trucks as a means of managing growth and seasonal requirements,” says Jaksa Panic, Director of Sales with Big Truck Rental.
Ahead, we examine how some haulers and municipalities are integrating truck rentals into their strategy to meet today’s demands and push beyond the competition.
- Matching Business Volume
The need for a truck may clash with a lack of available capital. Herein, renting enables fleet owners to obtain a truck immediately while they strategically conserve their capital for other plans. Similarly, some companies may not want to spend money on a truck that may become less vital down the road. In that case, renting affords them the option of paying for a truck when they need it and returning it when they don’t.
- Bolstering growth
Truck availability can get in the way of a company’s capacity to bid on new business opportunities. Renting a truck, however, lets companies initiate new contract routes immediately without the typical six to nine-month delay on securing new waste hauling vehicles. After all, business growth can happen suddenly and before a company is equipped to tackle the work. Keeping one’s fleet stocked with top-of-the-line rental trucks can buy owners the time they need to make expensive, long-term decisions.“Rentals allow haulers of all sizes to instantly react to changing and growing business and curbside demands,” notes Panic. “Having the ability to add late-model, reliable equipment has proven to be a winning formula based on the feedback BTR continues to receive from our customers.”
- Making plans
Renting provides companies with predictable and consistent costs from month-to-month. You can count on your budget to stay true and start making long-term plans with the capital you’re holding onto.
There is plenty to consider when it comes to renting trucks in the waste management field. At the same time, there are sustainable, long-term benefits for those that look beyond the attitudes of old and embrace renting as part of their strategy.
“Our number one goal is to continue to provide a viable solution for the refuse industry in terms of fleet flexibility,” says Panic, adding, “Although we’ve made tremendous progress in having the ability to service the industry, we continue to find pockets of the market that are still not aware that renting garbage trucks is a potential solution and how easy it can be to integrate this as a strategy into the haulers business.”
Jaksa Panic is the Director of Sales with Big Truck Rental. To learn more about the benefits of renting, and to find a solution that fits, read Rent is No Longer a Four Letter Word, visit www.bigtruckrental.com, or email BTRSales@bigtruckrental.com.
