LeaseQ Agrees the Latest Round of Greenhouse Gas Rules Could Increase the Cost of Truck Acquisition and Maintenance

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The latest round of Green House Rules (GHG) for heavy duty trucks could lead to higher maintenance and acquisition costs, but the projected lifetime fuel savings could easily outweigh these costs. Finance and equipment leasing market place, LeaseQ, suggests that heavy truck users shouldn’t doubt that they stand to see substantial lifetime savings when the next proposed round of GHG reduction standards kick start in 2019.

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When a trucking company leases through LeaseQ, our platform enables them to save thousands of dollars and valuable time by making it easy for them to get the equipment they want fast

Operators and owners stand to save at least $50 billion in fuel costs now that model 2019 will take effect immediately. The current GHG standards are phasing in 2014-2018 standards. Truck manufacturers have taken it upon themselves to install new features into their vehicles and they include:

1.    Idle reduction technologies

2.    Efficient driveline components which reduce friction

3.    Enhanced engine electronics

4.    Weight reduction of trailers and trucks and low rolling resistance tires

Given the high cost of initial acquisition of heavy duty trucks, leasing remains a feasible way of reducing overall costs.

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As reported on February 18, 2014 by The New York Times, President Barack Obama ordered his staff to come up with a rule to tighten greenhouse emissions by medium duty trucks and heavy duty ones by March 2015 while speaking in Maryland at Safeway Inc. distribution center on Feb 18. During his speech, he suggested that clean vehicle manufacturers and fuel stop operators who sell clean fuel will be offered tax credits.

LeaseQ Founder and CEO, Vernon Tirey, says, “This is very good news for the trucking industry. The improvements being put in place will improve the fuel economy. Despite the high equipment acquisition costs, our online leasing platform will help reduce the cost of acquisition for many trucking companies.”

Many truck manufacturers such as Volvo Trucks and Daimler Trucks North America support the additional GHG emissions standards because of their overall benefits and significant savings.

The LeaseQ Solution to High Cost of Truck Acquisition

Since their partnership with OnDeck, LeaseQ has made it possible for businesses to acquire loans of up to $250,000. This partnership has facilitated many small businesses to acquire flexible working capital which they can use to take care of business expenses. In addition to access to flexible working capital, LeaseQ has also enabled businesses to acquire equipment through leasing. Their online platform makes lease processing faster and easier. In less than two minutes, businesses can get pre-approved for a loan. The one-two punch of business financing and equipment leasing financing is a powerful way for businesses to grow and scale their operations.

Trucking companies or companies that rely on heavy duty trucking can use the LeaseQ platform to lease trucks or to request for a loan. 98% of companies that apply for a lease get approved and the recent demand for leased equipment on LeaseQ’s platform backs this information.

Equipment leasing company LeaseQ has eliminated the need to fill out large piles of paperwork and has put in place measures which facilitate quick approval of loans. This will make it easy for companies that rely on heavy trucking to move at the speed of business.

Said LeaseQ CEO and Founder Vernon Tirey, “When a trucking company leases through LeaseQ, our platform enables them to save thousands of dollars and valuable time by making it easy for them to get the equipment they want fast. The company benefits by acquiring the equipment they need with affordable financial terms. And of course the equipment dealer benefits as well – enabling them to sell more equipment. Additionally, but the financing lenders get highly qualified lease and loan applications. It’s a win-win-win for everyone involved.”

LeaseQ’s One Touch Platform runs real time, accurate credit scores with zero impact on the business owner’s credit rating. LeaseQ’s advances in technology affords business owners greater flexibility and control when shopping for the equipment they rely upon every day. And perhaps best of all, the LeaseQ One Touch platform is 100% free of charge.

About LeaseQ

LeaseQ is situated in Woburn, MA and provides equipment leasing and financing in North America. They help businesses acquire equipment they need to stay operational based on rates and terms that best suit their needs. Visit them online at

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Vernon Tirey
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