Trailer Leasing and Renting Frequently Asked QuestionsWe understand that leasing and renting a trailer can be confusing. To make the process easier to understand, we’ve gathered all the frequently asked questions in a convenient spot.
What size company do you have to be to lease a trailer?
Nationwide Haul works with companies of all sizes. Whether you have a small, medium, or larger fleet or are an owner-operator, we are happy to work with you.
In other words, Nationwide Haul won’t turn you away because of your company’s size. That is somewhat rare, as some companies focus on either very large or very small fleets. But our network is versatile enough to fit any company’s needs.This also means you can continue renting or leasing from us as your company grows or even if you decide to downsize in the future.
How long is the rental program?In most cases, we rent out our units for a minimum of 12 months, but we can work with you if you need to return the unit before the end of six months. If, on the other hand, you prefer a longer-term contract, we can organize rental agreements that last 60 or 72 months.
Is there a mileage cap or mileage fee for rentals?No, due to our fixed rate rental and lease rates you get unlimited mileage with Nationwide Haul.
Is there an hour cap on reefer units?We have a 2,004-hour cap on our reefer units for rent. Given that the national average use is just 1,700 hours a year, you are unlikely to exceed this limit. If you do go over it, there will be a small additional charge per hour.
What are the lease-to-own lease terms?Depending on the unit and your business profile, the lease terms will be 12 to 72 months.
How much money do I need to lease-to-own a unit?We usually ask you to make an initial upfront payment of 5-25% of the unit’s value.
What units can I lease to own?Our selection of equipment available for lease-to-own is identical to units for sale. We offer every type of trailer that we sell for rental or lease. You can choose from dump trailers, flatbeds, dry van trailers, reefer trailers, drop decks, heavy haul trailers, and more.
How long should I wait for approval for a lease-to-own trailer?After you submit all the documentation, we usually get you your unit within three business days.
How do I get approved?
Getting approved is easy. Just send us the following:
- A completed credit application
- A copy of your ID/CDL
- The last three months of bank statements