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Truck Leasing Pros and Cons Bend OR

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.

Advanced Systems Portable Restrooms
(541) 389-5646
1300 Southeast Wilson Avenue
Bend, OR
Windermere Central Oregon Real Estate - Propertymanagement
(541) 389-4149
61510 South Highway 97
Bend, OR
Old Mill Self Storage
(541) 330-0023
150 Southwest Industrial Way
Bend, OR
A 1 Westside Storage
(541) 317-5700
317 Southwest Columbia Street
Bend, OR
Central Oregon Strapping Supply
(541) 389-6641
1310 S. E. Armour Street
Bend, OR
Cleveland Mini-Storage
(541) 383-0081
345 Southeast Cleveland Avenue
Bend, OR
B & M Mini Storage
(541) 388-3998
204 Southeast Scott Street
Bend, OR
Alliance Storage
(541) 389-5500
257 Southeast 2nd Street
Bend, OR
AAA Self Storage
(541) 382-4264
133 Southwest Century Drive
Bend, OR
Brosterhous Storage
(541) 388-5440
61380 Brosterhous Road
Bend, OR

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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