Articulated Truck Lease Agreement
Leasing heavy equipment, such an articulated truck, is a normal business practice for construction and mining companies.
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The heavy equipment can have high fuel consumption and technology on an truck model can change over time improving safety features, increasing fuel efficiency and adding other features that can impact production. Leasing the equipment can be preferable in that an operator can have access to a newer model after their lease if over, and the costs to maintain the fleet longer term can be managed. The Articulated Truck Lease Agreement app should be used for an operator and lessor to come to terms on the contract details. These terms may include the duration of the lease of the equipment, operating costs, preventive maintenance expectations, and costs associated with the heavy equipment.
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