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Truck Leasing Pros and Cons Ames IA

A truck lease offers cost advantages for personal use, as well as tax and accounting advantages for business owners. Learn the difference between personal and commercial truck leasing.

Sevde Relocations
(515) 232-6605
1102 Southern Hills Drive
Ames, IA
Budget Truck Rental - Truck Rental Reservations
(515) 292-1926
116 Beedle Drive
Ames, IA
Ames Storage And Impound Center
(515) 232-7193
1712 East Lincoln Way
Ames, IA
West Ames Security Storage
(515) 292-1388
4923 Lincoln Way
Ames, IA
Wuebker Linda
(515) 233-8558
RR 1
Ames, IA
T S G Mini Storage
(515) 663-9993
2222 Edison Street
Ames, IA
Crane Rental And Rigging Co Inc
(515) 232-8967
1208 South Dayton Avenue
Ames, IA
Schill And Sons Inc
(515) 233-2770
112 Crystal Street
Ames, IA
Ames Rental Inc
(515) 233-1231
710 South Duff Avenue
Ames, IA
Lint Van Lines
(515) 233-1890
3006 Lincoln Way
Ames, IA

Truck Leasing Pros and Cons

To lease a truck for personal use is no different than leasing a car or SUV. A lease offers lower monthly payments than buying with a loan, and may not require a down payment. There are also savings on sales tax in most states. Therefore, leasing may cost you less to get into a new truck, and can save you on monthly cost as well.

However, before making a decision about whether to lease or buy, understand that leasing is best for people who drive no more than about 15,000 miles per year, like to have a new truck every 3-4 years, take good care of their vehicles, don't care about building ownership equity, and have a stable lifestyle such that they won't need to end the lease early.

Ending a lease early can be very expensive. It's more than simply paying termination fees. It means paying the balance of the lease, considering the wholesale auction value of the truck. In most cases, ending a lease early is very impractical. Therefore, if you think you might not be able to complete a lease, then don't lease.

If you plan on using your truck for heavy duty or rough utility purposes, such that the body and bed might be badly damaged or scratched, you might not want to lease. The reason is you may have to pay for those damages at lease-end when you return your truck to the lease company. Any damages beyond "normal" wear and tear can result in charges to you. Of course, you could get the repairs done yourself prior to returning your leased truck. Or...

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