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Truck Leasing Pros and Cons Aurora CO

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.

Proactive Movers, Inc
(303) 537-9430
1670 Jasper Street
Aurora, CO

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Alameda & Buckley Self Storage
(303) 344-2228
16650 East Alameda Parkway
Aurora, CO
 
Mesa Systems Inc
(303) 923-1300
403 South Airport Boulevard
Aurora, CO
 
Colorado Self Storage Service Centers - Aurora- Gateway
(303) 344-2429
15413 East 18th Avenue
Aurora, CO
 
All American Moving Services Inc
(303) 373-5101
13800 East Moncrieff Place
Aurora, CO
 
Public Storage
(303) 337-1747
1150 South Idalia Street
Aurora, CO
 
Ustor Chambers
(303) 696-2020
1800 South Chambers Road
Aurora, CO
 
Across America Movers
(720) 797-2647
Denver, CO
 
Aaaakey Mini Storage
(303) 341-2365
1530 Potomac St
Aurora, CO
 
Packaging West Inc Sales
(303) 693-3639
15473g E Hampden Ave
Aurora, CO
 
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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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