The following are some of the benefits to owning your own moving company truck:
Saves Money: Buying a used moving van, instead of leasing a new one, can save you up to 50% of the money that you would have spent.
More opportunities: When your company owns its own truck, it gives you more options for jobs and the opportunity to gain more contracts. Being able to deliver items on your own schedule also makes you more competitive against other companies that offer similar services.
The following are some of the disadvantages to owning your own truck:
Liability: When you lease a truck from a rental company, they usually include insurance coverage in case something happens while you're using it. Unfortunately, if you have an accident with your own truck, you will have to pay for all costs associated.
Maintenance: If something breaks on your own truck, pay the cost of repairs yourself. In addition, if you decide to sell or trade-in your truck, you may lose money on it since most used trucks depreciate very quickly.