5 Best Providers of Box Truck Leasing for Startup Businesses in 2023

Thang Truong
Thang Truong
Updated on:

Starting a business is often a complex endeavor filled with countless decisions and challenges, including determining how to acquire the necessary equipment and vehicles for operation. For startup businesses that need box trucks, whether for delivery, hauling, or any other services, leasing can provide an attractive and cost-effective solution. This comprehensive guide will delve into everything you need to know about box truck leasing for startup businesses.

5 best providers of box truck leasing for startup businesses 

When starting a box truck business, one of the first decisions you’ll have to make is how to acquire your vehicle. While purchasing outright might not be within your budget, leasing offers an attractive alternative. Choosing the right leasing provider can mean the difference between a smooth start to your operations and unnecessary hurdles. It’s crucial to select a provider that offers reliability, flexible terms, and competitive pricing. With an array of options available, we’ve narrowed it down to the top 5 box truck leasing providers for startup businesses. This guide will give you an overview of each, along with their pros and cons, to help you make an informed decision.

  • Trust Capital USA: Best for new businesses with financing options for a wide range of credit scores
  • TopMark Funding LLC: Best for businesses seeking competitive financing options and dedicated customer support
  • Penske Truck Leasing: Best for comprehensive maintenance and roadside assistance
  • Ryder: Best for customizable leasing options and business flexibility
  • Enterprise Truck Rental: Best for short-term leases and diverse fleet selection

Trust Capital USA: Best for new businesses with financing options for a wide range of credit scores

Trust Capital USA offers a variety of financial products tailored to the trucking industry, including leasing options for box trucks. They have competitive rates and flexible terms, which can be beneficial for startups looking to minimize upfront costs. Trust Capital USA stands out for their technology leasing program, where they provide financing for both the truck and any necessary equipment or technology upgrades. They also offer various payment structures to match the cash flow of your business.


  • Offers financing for both truck and necessary technology upgrades.
  • Various payment structures to match the cash flow of your business.
  • Competitive rates and flexible terms.


  • Application process might be more complex than other providers.
  • Not exclusively focused on truck leasing which could mean less specialization.

TopMark Funding LLC: Best for businesses seeking competitive financing options and dedicated customer support

TopMark Funding is another excellent option for box truck leasing, especially for startup businesses. They specialize in commercial vehicle financing and have an understanding of the specific needs and challenges faced by startups. TopMark Funding provides flexible leasing programs that can be structured to meet a business’s specific needs. They have a simple application process, and they pride themselves on fast credit decisions, often within the same day. This can make a significant difference for a startup looking to quickly get their operations up and running.


  • Fast credit decisions, often within the same day.
  • Flexible leasing programs tailored to business-specific needs.
  • Specializes in commercial vehicle financing.


  • Their services might be more suitable for larger or more established businesses.
  • Less clarity on website about specific leasing terms and conditions.

Penske Truck Leasing: Best for comprehensive maintenance and roadside assistance

Penske Truck Leasing is a well-established company that offers a wide range of commercial vehicle leasing options, including box trucks. They provide full-service leasing options, which include preventive maintenance, emergency roadside assistance, and safety and compliance support. Penske also offers flexible lease terms to cater to various business needs.


  • 24/7 emergency roadside assistance.
  • Regular preventive maintenance included in leasing agreement.
  • Flexible terms tailored to individual business needs.


  • Might not be the cheapest option on the market.
  • Some customers report less flexibility with lease customization.

Ryder: Best for customizable leasing options and business flexibility

Ryder is another popular choice for box truck leasing. They offer various lease options, from full-service leases that include maintenance and fleet support to more flexible leases for businesses looking for lower, predictable payments. Ryder also offers a wide variety of box trucks to fit different cargo needs.


  • Renowned for reliability and wide selection of vehicles.
  • Comprehensive maintenance plans and 24/7 roadside assistance included.
  • Flexibility in leasing terms and mileage options.


  • Pricing might be higher compared to some competitors.
  • Smaller operations may find their services excessively comprehensive.

Enterprise Truck Rental: Best for short-term leases and diverse fleet selection

While they are best known for their rental services, Enterprise Truck Rental also offers leasing options for businesses. They have a diverse fleet of well-maintained and late-model box trucks. One key advantage of Enterprise is their nationwide presence, making them a good option for businesses that operate in multiple regions.

Remember, when choosing a leasing provider, it’s essential to consider more than just the cost. Look at the maintenance program, the terms of the lease, the quality and variety of their fleet, their customer service reputation, and the locations they serve. The best provider for your business will depend on your specific needs and circumstances.


  • Wide variety of box trucks available.
  • Short-term and long-term lease options available.
  • Convenient pickup and drop-off locations across the country.


  • Availability might be limited during peak times.
  • Extra charges for mileage can add up.

Understanding Box Trucks

Box trucks are versatile vehicles commonly used for transporting goods. Characterized by a cargo area that sits on the same chassis as the cab, box trucks are particularly useful for businesses involved in delivery services, removals, or goods transportation. Their size, typically ranging from 10 to 26 feet in length, offers ample space to transport a wide variety of items. As a startup, utilizing box trucks can provide the flexibility and efficiency you need to serve your customers effectively.

Advantages of Leasing a Box Truck

Choosing to lease a box truck offers numerous advantages, especially for startups looking to minimize upfront costs. Here are some key benefits:

  • Lower Initial Costs: Leasing generally involves less initial outlay compared to purchasing a box truck outright. This can be a significant advantage for startups where cash flow may be limited.
  • Fixed Monthly Expenses: Lease payments are typically fixed for the duration of the lease, allowing for better budgeting and financial forecasting.
  • Access to Newer Models: Leasing agreements often provide the opportunity to use newer model trucks equipped with the latest features.
  • Flexibility: At the end of the lease term, you have the flexibility to return the vehicle, upgrade to a newer model, or potentially purchase the vehicle depending on your lease agreement.

Factors to Consider When Leasing a Box Truck

Before entering a lease agreement, several factors need to be carefully considered to ensure you’re making the right decision for your business:

  • Truck’s Condition: Evaluate the condition of the truck, especially if it’s a used one. Check for any signs of excessive wear and tear.
  • Lease Terms and Conditions: Carefully review the lease agreement. Understand the terms such as mileage limits, maintenance responsibilities, and penalties for early termination.
  • Insurance: Leased box trucks need to be insured. The cost of insurance, which often depends on factors like the truck’s value and your business location, should be factored into your budget.

Insurance coverage that startup businesses need for leased box trucks

Securing the right insurance coverage is an essential step when leasing a box truck for your startup business. Not only is it legally mandated, but it also protects your business from potential financial losses caused by accidents, damages, or other unforeseen circumstances. From primary auto liability insurance to environmental and pollution coverage, understanding the various types of insurance can help ensure your business is adequately protected. In the following, we’ll delve into the specific types of insurance coverage that you need to consider for a leased box truck.

Primary trucking liability insurance: This is the minimum coverage required by law in most states. It covers bodily injury and property damage that the lessee (the one who rents the truck) may cause to other parties in an accident.

Trucking physical damage coverage: This includes comprehensive and collision insurance. Comprehensive insurance covers damages from incidents other than collisions, such as fire, theft, or vandalism. Collision insurance covers damage to the leased box truck in the event of an accident, regardless of fault.

Motor truck cargo insurance: This covers the goods or materials that the truck is transporting. It provides coverage in case the cargo gets damaged or lost due to causes such as collision, fire, or theft.

Non-Trucking Liability Insurance: Sometimes referred to as bobtail insurance, it provides coverage when the truck is not under dispatch or in service for the lessee’s business, such as when the driver is using the truck for personal reasons.

Lease Gap Coverage: If a leased truck is totaled in an accident, this coverage pays the difference between the truck’s actual cash value and what is still owed on the lease.

Uninsured/Underinsured Motorist Coverage: This covers injuries to the truck driver and damages to the leased truck caused by another driver who doesn’t have sufficient insurance to cover the costs.

Remember, each leasing company may have different insurance requirements, so it’s important to review the terms of your lease agreement carefully and discuss with your insurance agent to ensure that you have the appropriate coverage.

The Leasing Process

Leasing a box truck involves a series of steps:

  • Assess Your Needs: Determine what size and type of box truck your business requires. Consider factors like the goods you’ll be transporting, distance, and frequency of trips.
  • Find a Reputable Leasing Company: Research different leasing companies to find a reliable one. Look for companies with positive reviews and transparent terms and conditions.
  • Negotiate the Lease Terms: Once you’ve chosen a leasing company and a suitable box truck, negotiate the terms of your lease, including the length of the lease, the monthly payments, and any restrictions or requirements.
  • Sign the Lease Agreement: After negotiating satisfactory terms, you’ll need to sign the lease agreement. Be sure to read all terms and conditions carefully before signing.

Lease vs Buy: Which One is Right for Your Startup?

Deciding whether to lease or buy a box truck often depends on your financial situation and business needs:


This is typically more cost-effective in the short term, providing access to newer vehicles with lower upfront costs. However, you won’t own the truck at the end of the lease.


Buying is a more substantial initial investment, but you gain an asset that can be used as collateral or sold later. Owning the truck also means no restrictions on mileage or customization.

Your decision should be based on careful financial analysis and an understanding of how the box truck’s use will evolve as your startup grows.

Tips for Successful Box Truck Leasing

  • Stay Within Your Budget: Always have a clear idea of what you can afford. Be realistic about your budget and stick to it.
  • Consider the Full Cost: When leasing, remember to account for additional costs such as insurance, maintenance, and potential penalties for exceeding mileage limits or early termination of the lease.
  • Perform Regular Maintenance: Regularly maintain the leased box truck to avoid costly repairs and to keep it in optimal condition.


Leasing a box truck offers many advantages for startup businesses, including lower initial costs, predictable monthly payments, and the ability to use newer vehicles. However, it’s crucial to consider all aspects, such as the condition of the truck, lease terms, and associated costs before making a decision. By doing thorough research and understanding your business’s needs, you can make an informed choice about box truck leasing that will contribute to the success of your startup.

Remember, every business is unique, and what works for one may not necessarily work for another. It’s always a good idea to consult with financial advisors or professionals experienced in commercial vehicle leasing to ensure you’re making the best decision for your business.

Additional Resources

For further assistance, check out the following resources:

  • American Trucking Associations: Offers a wealth of information related to the trucking industry, including leasing and purchasing options.
  • National Truck Equipment Association: Provides resources for commercial truck businesses, including advice on leasing versus buying.
  • Commercial Vehicle Leasing Association: A great resource for finding leasing companies and understanding the ins and outs of commercial vehicle leasing.

In the end, the right box truck solution for your startup is one that aligns with your business model, financial capability, and long-term goals. As you explore your options, remember to take your time, do your research, and choose wisely. Your box truck is not just a vehicle – it’s a key element in the successful execution of your business plan.

Thang Truong

Thang Truong covers small business insurance and small business success at BravoPolicy. He is a licensed P&C insurance agent. Previously, he held product leadership positions at realtor.com, Capital One, NerdWallet, and Mulberry Technology. He holds a MBA degree from UC Berkeley - Haas School of Business.

More Stories

8 Steps to Start a Hot Shot Trucking Business in 2023

Starting a hot shot trucking business can be a lucrative opportunity for those interested in the trucking industry. Unlike traditional trucking businesses that rely on large trucks and trailers, hot shot trucking involves smaller vehicles and lighter loads. This makes the business model more flexible and cost-effective, offering a unique advantage for new entrants into […]

Non-CDL Hot Shot Trucking Requirements in 2023: Everything You Need To Know 

Hot shot trucking, an exciting sector of the freight industry, involves transporting time-sensitive loads across vast distances, often to meet critical deadlines. Unlike traditional trucking, hot shot trucking typically uses smaller, more agile vehicles, making it a unique niche. In this context, “non-CDL” refers to the fact that the truck’s weight does not necessitate a […]

DOT Regulations for Hot Shot Trucks in 2023: Everything You Need to Know 

Hot shot trucking is a segment of the transport industry that focuses on time-sensitive freight. Generally, hot shot loads are expedited in nature, and the trucks used for these loads are smaller and faster. In the United States, hot shot trucking is subject to regulations from the Department of Transportation (DOT), and understanding these regulations […]

Hot Shot Trucking Starter Kit (Update 2023)

Hot shot trucking, an industry sector known for quick and direct deliveries, is gaining popularity in today’s fast-paced economy. Having a comprehensive starter kit is essential to getting your hot shot business off the ground. This article will guide you through the basics of hot shot trucking and equip you with the necessary tools to […]

How Much Is Hot Shot Trucking Startup Cost? (2023 Update) 

Hot shot trucking has become a popular business model for independent truckers. It involves expedited freight deliveries, typically with smaller, more versatile trucks. While starting your own hot shot trucking business can be an exciting endeavor, it’s important to consider the financial aspects. This article will guide you through the various costs involved in establishing […]

How to start a box truck business in 2023? 

A box truck business involves the transportation of goods using box trucks – vehicles that carry cargo in a separate enclosed box on the back. The business can be incredibly profitable due to the constant demand for freight transportation. This article will guide you through the steps to start your own box truck business. Understanding […]

Starting a Non-CDL Box Truck Business Checklist for 2023

In the fast-paced world of transportation and logistics, starting a non-CDL box truck business can be a lucrative and rewarding venture. Box trucks are versatile vehicles that are perfectly suited to local deliveries, small moves, and more. Unlike other trucking businesses, running a box truck operation does not require a Commercial Driver’s License (CDL), which […]

How Much is the Box Truck Business Startup Cost? (2023 Update) 

Stepping into the box truck business can be an exciting venture filled with opportunities. However, like any business startup, it requires an understanding of the necessary investment to kickstart your operations. The cost varies significantly based on several factors, including the size and type of truck, equipment, operational costs, and more. This article will guide […]

5 Steps to Start a Dump Truck Business in 2023

The business of dump trucks encompasses a range of services, such as transporting materials to and from construction sites, clearing debris in the aftermath of natural disasters, and aiding in demolition works. However, being an owner and operator of a dump truck goes beyond just operating the vehicle; it entails client development, landfill coordination, and […]