The decision between leasing or buying new trucks often comes down to dollars and cents, and can have far-reaching effects on a company’s long-term finances, industry experts said.

The choice “is one that can impact an organization’s bottom line not just today but for years to come,” said Brian Holland, chief financial officer and president of Fleet Advantage, which provides asset management, financial services and consulting to clients operating Class 8 truck fleets. “Factor in the need to make this decision on hundreds of trucks, and this decision can impact your bottom line by the millions,” said Holland, who is a member of the board of directors for the Equipment Leasing & Finance Association.

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