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Truck Leasing Pros and Cons Anchorage AK

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.

Ace Delivery & Moving, Inc
(907) 522-6684
Post Office Box 221389
Anchorage, AK

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International Self Storage
(907) 563-3287
130 West Intl Airport Road Suite A
Anchorage, AK
 
U-haul Co.
(907) 277-0067
2605 Eagle St
Anchorage, AK
 
Kirby Sales and Service of AK
(907) 344-4545
7550 Old Seward Highway Suite 100
Anchorage, AK
 
Packaging Store Moving Center
(907) 563-9876
549 West Intl Airport Road Suite A10
Anchorage, AK
 
American Relocation Services
(907) 248-2929
5491 Electron Drive
Anchorage, AK
 
Uhaul Co.
(907) 562-5676
1100 E Dowling Rd
Anchorage, AK
 
TOPE Mini Storage
(907) 349-4649
6720 Arctic Boulevard
Anchorage, AK
 
Ace Delivery & Moving
(907) 522-6684
7920 Schoon St.
Anchorage, AK
 
A 1 Alaska Mini Storage A-1 Alaska Mini Storage
(907) 522-1210
1210 East 70th Avenue
Anchorage, AK
 
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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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