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Truck Leasing Pros and Cons Anacortes WA

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.

Reliance Moving & Storage
(360) 293-2115
9011 Stevenson Rd
Anacortes, WA
 
Viking Moving Services
(360) 588-1378
9889 Padilla Heights Road
Anacortes, WA
 
Cap Sante Heated Mini-Storage
(360) 299-2151
305 T Avenue
Anacortes, WA
 
American Heritage Mini Storage
(360) 293-2991
8379 Summit Park Road
Anacortes, WA
 
U-Save Auto Rental
(360) 293-8686
910 25th St
Anacortes, WA
 
Mid Town Mini Storage
(360) 293-4293
1214 27th Court
Anacortes, WA
 
Fidalgo Mini Storage
(360) 293-2999
8674 South March Point Rd
Anacortes, WA
 
Quiet Cove Storage
(360) 299-1085
202 O Avenue
Anacortes, WA
 
Moving & Storage Solutions
(360) 676-5267
4600 Guide Meridian, Ste 105
Bellingham, WA
 
Cap Sante South
(360) 293-3732
2915 W Avenue
Anacortes, WA
 

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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