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Truck Leasing Pros and Cons Beaver Falls PA

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.

Bradshaw Self Storage
(724) 843-2930
810 Blackhawk Road
Beaver Falls, PA
(724) 843-1883
2538 8th Avenue
Beaver Falls, PA
Ryder Truck Rental One Way Incorporated
(724) 846-4563
5 Avenue & 7
New Brighton, PA
Affordable Storage
(724) 891-3650
350 Brady Street
New Brighton, PA
Guardian Storage Center
(724) 728-8833
670 State Avenue
Beaver, PA
Climate Controlled Self-Storage
(724) 846-7900
College Hill
Beaver Falls, PA
Mayfield Village
(724) 843-4377
1120 3rd Avenue
New Brighton, PA
(724) 846-1108
350 Brady Street
New Brighton, PA
Crestwood Realty Inc
(724) 728-4600
1601 3rd Street
Beaver, PA
Filter Queen
(724) 775-8011
1445 Market Street
Beaver, PA

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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