Category: Truck rental

Fetch trucks are now available in Chamblee

We’re thrilled to share that Fetch trucks are now available to rent in Chamblee, Georgia!

We’ve been working to move closer into Atlanta (ITP for the locals), and we’re very excited to partner with Simply Self Storage to make Fetch trucks available at this new location in Atlanta.

Whether you’re moving into a new apartment, picking up furniture or transporting plants for a new landscaping project, Fetch is here to help. Pick up a truck any time – morning or night, for as little as $10/hour.

We hope to see you at our new Chamblee location soon!

The best new and used trucks to buy

In our last blog post, we analyzed the true cost to own a new or used car. In this post, we’re going to switch to pickup trucks and compare the costs to own four of the most popular pickup trucks.

Just as with the most popular sedans, the cost advantages of owning a used truck over a new truck are not as obvious as one might think.

Models analyzed

For this study, we examined pricing data from 50,000 trucks listed for sale. The models included in our study are:

  • Chevrolet Silverado 1500
  • Ford F150
  • RAM 1500
  • Toyota Tundra

Measuring the value and cost of owning a truck

To measure the true cost of ownership, we take several costs into account:

  • Depreciation
  • Maintenance and Repair Work
  • Taxes

For this post, we analyzed two different model years to calculate these amounts:

  • 2017 models (new)
  • 2013 models (used)

First-Year Depreciation

Let’s start by examining the first-year depreciation for these models.

  • 2017: $4,040 (10.15%)
  • 2013: $2,039.88 (7.93%)

The depreciation in the first year of owning a new truck is $4,000, while with a 2013 model, you’re only experiencing $2,000 in depreciation. Right off the bat, We’re saving 50% – nearly $2,000 – just from owning a used truck.

As the chart below shows, first-year depreciation on RAM and Toyota model is significantly low. Especially, for the 2013 Toyota Tundras, where first-year depreciation is only $1,000.

Five-Year Depreciation

Next, let’s examine the depreciation experienced when owning a vehicle for five years.

  • 2017: $15,387(39%)
  • 2013: $10,670 (40.75%)

Here, we see that the additional depreciation cost of buying a new truck is $4,717. However, one thing that is interesting is that the overall percentage of depreciation is higher in 2013 models versus new trucks. (Used trucks continue to lose the same percentage of value as new trucks.) Perhaps, this is due to maintenance or taxes.

Again, we see that new RAM and Toyota trucks hold their value the best. However, what is interesting is that 2013 Chevrolet Silverados hold their value the best among used trucks. A new Silverado depreciates more than any other vehicle, but after a few years, a used Silverado’s depreciation actually levels out, making it the cheapest used truck to own in terms of depreciation.

Total Five-Year Cost to Own

Next, let’s examine the total cost to own a truck over five years. This calculation includes all of the major costs an owner would experience over the course of owning a vehicle for five years – depreciation, maintenance and repairs.

  • 2017: $20,289
  • 2013: $18,011

When we add in costs for maintenance and repairs, we see the savings gap narrow, and we’re only saving $2,277 over five years. While that is a good chunk of change, on a monthly basis, it results in savings of only $37 per month.

When looking at specific models, it’s quite interesting to note that only the Chevrolet Silverado has a significant cost savings in buying a used vehicle. RAM 1500, Ford F150 and Toyota Tundra all offer similar cost structures over 5 years, regardless of buying a new or used truck.

What are the best trucks to buy?

Based on this data and analysis, there are clearly several leaders in the new and used truck categories.

Best new trucks:

  1. RAM 1500 – with the lowest cost of total ownership, the RAM 1500 tops our list of best value among new trucks.
  2. Toyota Tundra – just trailing the RAM 1500, the Tundra is also a very efficient truck to buy. It ranks at the top of our list in both new and used truck categories.

Best used truck:

Chevrolet Silverado 1500. While the Silverado ranks as the worst new truck to buy, by the time a five-year old Silverado has made it into your hands, it has the lowest total cost of ownership of any truck, primarily due to its very low depreciation rate.

 

 

How we handle truck rental reservations at Fetch

How does Fetch handle reservations and vehicle availability? Scheduling and availability planning isn’t an easy problem. It’s rife with trade-offs and without a perfect solution. How do we guarantee availability while also providing flexibility if your plans change?

When renting a truck or cargo, there are currently two options that vendors offer for procuring your vehicle:

1. Reserve a vehicle for an entire day, without a guarantee.

With this approach, renters are required to rent a vehicle for an entire day. Most truck and van rental companies also will not guarantee availability of specific vehicles. Just like airlines, truck rental companies will typically overbook vehicles. This leaves you hoping that your desired truck or van will be still be available when arriving for pick up.

The advantage of reservations is that they do typically provide some amount of confidence that your vehicle will be available for you. However, requiring the one-day minimum-rental period isn’t efficient for customers with jobs only requiring a one or two-hour rental.

2. Rent a vehicle by the hour, on a first-come first-serve basis.

In this model, trucks or vans are only available on a walk-in basis; truck availability is never guaranteed and reservations are not allowed. Renters may arrive to find that all vehicles are currently rented and without any sense of when the vehicles will again be available.

The advantage of this model is that once a vehicle is rented, paying by the hour means you can keep the vehicle out as long as your job requires, without fear of a late-return fee.

What if a hybrid model existed?

With both of the above models, there are very clear advantages and disadvantages. At Fetch, our primary concerns for customers are:

  1. Guaranteeing availability
  2. Not overbooking trucks or reservations
  3. Providing hourly and daily rental options
  4. Providing flexibility to change or extend rentals as needed

We’ve tested and refined our reservation process. We think it provides the right balance between security and flexibility. Here’s how it works:

  1. Reserve a truck for pickup. Modify, reschedule or cancel your reservation up to 24 hours prior to your start time without penalty.
  2. If your plans change at the last minute and you need to cancel, you’ll receive a credit to redeem for a future rental. (Since we don’t overbook rentals, renters are responsible for reservations within 24 hours of the start time.)
  3. After picking up your truck, if you need to extend your rental, you’ll be able to do so as long as your truck or van has not been reserved by another renter. If your truck rental is ineligible for extension, and it isn’t returned on time, there’s a $30 late-return fee. (We charge this late-return fee for a few reasons. First, we typically provide the renter that cannot pick up their vehicle on time a discount to help offset their inconvenience. Secondly, the late-return fee incentivizes on-time returns.)

While this system  isn’t perfect, it covers the key tenets we want to provide customers:

  • Predictability in knowing your truck will be available when you reserved it
  • Flexibility to modify your reservation at no cost (up to 24 hours prior)
  • Options for extending your rental time
  • Hourly and daily rental pricing

We continue to try to improve our reservation model, and we welcome feedback from customers and partners.

 

 

Space Shop Self Storage and Fetch launch partnership to offer on-demand truck rental

We’re thrilled to share that we’ve launched a new partnership with Space Shop Self Storage in Atlanta. Now, Space Shop and Fetch customers can access Fetch trucks for rent instantly at select Space Shop locations.

Space Shop Self Storage customers also receive exclusive discounts and promotions when renting a vehicle with Fetch. (Just ask your Space Shop store manager for your discount code.)

Our mission at Fetch is to make transportation effortless. By making Fetch trucks and vans available to rent instantly at Space Shop Self Storage locations, Space Shop customers have instant access to cargo vans and trucks to facilitate their self-storage move in. No more having to call around to locate a truck, drive to a pick-up location miles away, or worrying about if a rental location will even be open. With Fetch and Space Shop, a variety of trucks and cargo vans are available to rent on-demand, 24 hours a day, 7 days a week.

We’re incredibly appreciative of the support the team at Space Shop has provided us, and we’re thrilled to make your move even easier through this partnership.

 

 

 

Should you rent a cargo van or pickup truck?

When renting a truck or van, which type of vehicle should you select for your move? Should you rent a pickup truck? Or, would a cargo van rental be a better option for you?

Pickup Truck

Pickup trucks are ideal vehicles when you are transporting equipment or supplies. Most commercial pickup trucks feature 8-foot beds with single cabs that provide generous room for hauling equipment in the back of your vehicle.

The major advantage of a pickup truck is that it can haul items such as rocks, pine needles and other landscaping supplies that are not well-suited for a van. Because pickup truck beds are open-air, they clean easily after an outdoor job.

The downside? Any items, such as furniture, that you want protected, will be exposed to the outside elements when traveling in a pickup truck. You will also need to stabilize large items by securing them with rope or bungee cords. Because of this, pickup trucks are often not the best choice when moving furniture or other valuable items over long distances.

One other advantage of pickup trucks is their drivability. Pickup trucks usually hold 3 passengers, are short enough to fit into most parking garages, and are easy enough for just about anyone to drive.

Cargo Vans

Cargo vans are an ideal vehicle to rent when you need to protect the items you are transporting. Cargo vans offer generous indoor storage, enabling you to move furniture and equipment without exposing these items to the outside elements when moving. Because your items are stored inside, cargo vans will not “whip” in the wind like a pickup truck might.

Cargo vans enable you to stack your items, and also reduce the need to “tie down” items like you might with a pickup truck.

The downside to cargo vans is that they are larger and taller. Because of their size, cargo vans may not fit within the clearance limits of all parking garages. Additionally, for drivers that have not driven larger vehicles, the size of a cargo van can be intimidating at first.

The Final Verdit

Which vehicle is the right choice for your rental? It boils down to a few factors.

A pickup truck is the best rental option if you:

  • Need to haul landscaping or outdoor equipment
  • Have height clearance limitations, such as with a parking garage

A cargo van is the ideal vehicle to rent if you:

  • Are moving valuable items such as furniture
  • Need additional storage capacity beyond a pickup truck

Fetch offers a variety of trucks and vans for rent. We’d love to assist you with your next move or transportation job.

 

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