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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

Data Provided by:
Covered Motorhome Storage
(907) 336-6610
801 East 82nd Avenue
Anchorage, AK
 
American Red Ball World Wide Movers
(907) 561-1842
624 West Potter Drive
Anchorage, AK
 
Arctic Self Storage
(907) 563-3342
601 West 58th Avenue
Anchorage, AK
 
TOPE Mini Storage
(907) 349-4649
6720 Arctic Boulevard
Anchorage, AK
 
Sinder Trucking Inc
(907) 563-7718
551 West 54th Avenue
Anchorage, AK
 
Midtown Storage
(907) 562-0037
3737 Arctic Boulevard
Anchorage, AK
 
Alaska Vehicle Transport
(907) 561-2899
4651 Gambell Street
Anchorage, AK
 
Pettit Properties
(907) 336-6610
801 East 82nd Avenue
Anchorage, AK
 
Kirby Sales and Service of AK
(907) 344-4545
7550 Old Seward Highway Suite 100
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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