WINNIPEG, Man. – Maxim Truck and Trailer has introduced two new products designed to address the needs of customers in an uncertain economic climate.

The new products include a two-year lease and a rent-to-own option for heavy-duty trucks and trailers.

Both new products apply to a wide variety of trucks and trailers used by for-hire and private trucking firms, as well as industries that include construction and agriculture, according to the company.

“Goods continue to move by truck and trailer no matter what the economic climate,” says Maxim president Doug Harvey.

“What has changed is the tremendous amount of uncertainty that is now in the marketplace. Our new products fill a void in the traditional ‘rent, lease or buy’ sales model and gives our customers more flexibility to carry less commitment,” adds Harvey.

Both products are intended to give customers the benefit of immediate possession and a short-term commitment, without forcing them to make a capital purchase unless it makes economic sense for their business, according to the company.

Maxim’s two-year lease product includes the equipment lease along with a maintenance contract in a single monthly payment, over a term that is two to five years shorter than traditional equipment leases.

Equipment for two-year leases is drawn from late-model trucks and trailers in Maxim’s national rental fleet.

Maxim’s rent-to-own product is designed to allow customers to build equity in their rental equipment and apply up to 50% of their rental charges towards a down payment for the purchase of the equipment.