Question: We produce about 600 to 800 cubic yards of ready-mixed concrete a day, but it seems like we never have enough trucks to take care of our customers' needs. Almost every day we have to deny some of them trucks. We don't want to buy more trucks because we're worried about being stuck with extra trucks if there's a downturn in the economy. How can we better serve our customers without risking the cost of an unused capital investment?
Answer: One way to hedge your risk is to lease trucks using either a short-term or annual lease. Check with your truck dealers to see if they offer lease packages.Leasing firms are another option. To receive a list of companies that may offer leases, contact:
Truck Renting and Leasing Association
1725 Duke St., Suite 600
Alexandria, VA 22314-3457