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Independent Contractor | Owner-operator

[Video] New Vs. Used Semi-Trucks: Leasing Pros and Cons

September 7th, 2023

Jakob Leon

Jakob Leon

Jakob Leon is an operations manager in the vans division. He loves being able to help people each day, whether they’re internal staff or valuable drivers out on the road. He enjoys working at ATS because the culture makes coming into work every day enjoyable. Prior to working at ATS, he was director of operations at Midwest Specialized. He’s also worked in the transportation industry for more than eight years in a variety of roles including over-the-road fleet manager, dedicated fleet manager and weekend operations manager. This experience helped him come to ATS with a diverse background within the van business.

In this video, we discuss the pros and cons of leasing new versus old semi trucks. The advantages of leasing a new truck include the latest technology, enhanced fuel efficiency, advanced safety features, lower maintenance costs due to warranties and modern engineering, and the prestige of driving a new vehicle. However, the downsides include higher monthly payments and depreciation. On the other hand, leasing an older truck can result in cost savings due to lower monthly payments, but may come with more maintenance issues and lack of modern features. The decision between a new or older truck depends on individual priorities and budget. The key takeaway is that there's no one-size-fits-all answer and it's about finding the balance that works for you and your business.