First, it is imperative to note that Enterprise does not have an established leasing program like other top trucking companies like Ryder and Penske. Instead, Enterprise provides long-term rental that serves virtually the same purpose for drivers and clients as the lease program offered by other top companies.
According to reports, the cost of this long-term box truck rental by Enterprise can fluctuate daily, especially since they tend to be dependent on external factors such as the availability of box trucks and customer demand. On the bright side, the company strives to sustain a commitment to transparency in its pricing, and experts believe this helps to ensure that drivers don’t end up with hidden fees on their final bill.
Under this long-term rental program, for every 60,000 miles, you receive a new box truck. Although the pricing is virtually the same as the short-term rental, howbeit, the rate per week will be multiplied by the number of rental weeks. Also, remember that this program works like a full-maintenance lease where the company maintains the box truck during the rental period. However, not all Enterprise truck rental locations offer this program.
Reports have it that Enterprise locations are independently operated; therefore, the programs they run tend to vary. It is recommended that you first reach out to your local Enterprise office to make inquiries and confirmations.
Enterprise box truck rental rates range from $89 to $475/day, with the mileage price around $0.20 and $0.69 depending on the location you choose. The company has 14 different truck sizes in its fleet, and also makes it easy for clients to find them as they have their presence in 46 states of the United States.
Fees That Will Affect The Total Cost Of Your Enterprise Box Truck Lease
Some fees will most likely influence the total cost of your Enterprise box truck lease. Those fees include;
- Fuel costs: Note that your rentals will have to be returned with the same amount of gas they were picked up with, and this is most often a full tank. You will not be reimbursed for any extra gas you return the truck with.
- Cost for extra time: Depending on the location you are renting the box truck from, you will be expected to put down a refundable deposit.
- Deposit: Enterprise’s protection plans are not necessary, but it is recommended you get one, especially since your existing auto insurance policy or homeowner’s insurance policy won’t even cover your rental.
- Taxes: You should reach out to the location you booked with after getting your estimate to get a good view of how much these might run you.
Also, note that your total cost will not include your mileage, therefore it is advisable you do the calculations yourself to have an explicit understanding of what you will end up spending based on how far you need to go (and be sure to take into consideration the return trip as well).
How Do You Apply for Enterprise Box Truck Lease?
To apply for an Enterprise box truck lease, you first have to visit Enterprise Truck Rental’s online reservation site. You will be asked to enter your location and proposed pick-up and return date. You also have to select your rental purpose and vehicle type. Once you do that, you will see the available locations in your states and will have to pick the one nearest to you.
You will then get a quote based on these selections. You will also select your desired truck to get the estimated total cost, including any additional fees like taxes. Note that making your reservation online saves you the stress of looking for Enterprise locations close to you.
If there is a need to cancel, you can easily do this online. If you pre-paid for your reservation, you will be requested to pay a cancellation fee. Note that this includes $50 for reservations canceled more than 24 hours ahead of the reservation, and $100 for reservations canceled less than 24 hours ahead of the reservation.
Pros and Cons of Using Enterprise
Enterprise remains one of the most notable names in the truck rental industry. They have more than 250 locations in the United States, Puerto Rico, and Canada. They also offer a vast range of vehicles to pick from, including cargo vans, straight trucks, stake bed trucks, and 1/4 to 1-ton pickup trucks. Here are the pros and cons of using Enterprise:
- Variety of choices: Enterprise provides as many as 14 different vehicle options to renters who are planning to align with the company. Note that this is more than the limited options being provided by other companies in the industry.
- Easy cancellation: Enterprise’s cancellation policy gives you the leverage to cancel up to the day you have scheduled to reserve the truck. If you pre-paid for your reservation, you will be charged a cancellation fee of $50 for reservations canceled more than 24 hours ahead of the reservation. For reservations canceled less than 24 hours ahead of the reservation, you will be charged $100.
- Great customer reviews: Reports have it that Enterprise’s online reviews are some of the highest in the industry, and this simply means that customers love the services being offered by the company. Enterprise’s superior customer service is one of the most common themes in these reviews, and customers often say that the company does better than its biggest competitors.
- Extra fees: Although Enterprise is an affordable and convenient option, note that your rented box truck will have to be returned to the same location and with the same amount of gas it was picked up with, and this is most often a full tank. You will not be reimbursed for any extra gas you return the box truck with, and this defeats the affordability of Enterprise and increases costs and headaches for you.
- Hidden cost: The price offered at the time of the estimate may not be what you pay. You will pay an additional deposit on top of what is expected in the estimate.
- Zero guidance: Unlike other truck rental services, Enterprise does not provide much guidance in terms of the size of the box truck you will need to move your particular stuff. You’re left on your own to decide because there is no tool for figuring it out. On the bright side, there is more variety in the types and sizes of trucks available to you.
- Isn’t very widely available: While Enterprise has enough locations to service most major US cities, it’s outclassed by most of its competitors in terms of availability. Not all Enterprise Car Rental locations offer long-term box truck rentals.
Only locations operated by the Enterprise Truck Rental department provide these sorts of offerings. If you’re planning to rent from Enterprise, but you haven’t booked your truck yet, double-check to make sure your local location rents moving trucks.
- Doesn’t offer cargo coverage: Unlike basically every other truck rental company except Home Depot, Enterprise doesn’t offer this coverage. Exact inclusions and limitations vary depending on the location you rent from, but cargo coverage typically covers the repair or replacement costs for furniture and goods if you get in an accident or run into a natural disaster while the stuff is in the truck.
Terms and Conditions of Enterprise Box Truck Lease
To rent or lease a box truck from Enterprise, here are the terms and conditions you are expected to comply with;
- Drivers are required to be 21 years old (can be 18 years in MI and NY, which will attract an additional fee).
- Payment will have to be made with a major credit card in the renter’s name, and a deposit might be required. Some locations may accept a debit card linked to a checking account.
- Since requirements may vary slightly with location, contact a representative in your local office over the phone before showing up in person.
- Credit score: 600 or above for the best box truck financing rates.
- Time in business with a CDL license: 3+ years preferred
- Down payment amount: This is more or less how much you can afford to put down on your box truck.
Enterprise is noted as one of the largest companies in the US that provide reliable and cost-effective car rental services with very vast coverage. Enterprise does not have a lease program; instead, they offer long-term rentals that customers usually refer to as a lease. When it comes to price, Enterprise is competitive, especially in terms of base rates and price-per-mile, and they’re transparent with their pricing too.