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Truck Leasing Pros and Cons Bettendorf IA

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.

Uhaul Co.
(563) 355-3556
3549 State St
Bettendorf, IA
 
Uhaul Co
(563) 441-0727
133 12th St
Bettendorf, IA
 
Ups Store
(563) 332-1675
2934 Devils Glen Road
Bettendorf, IA
 
Daily Express
(563) 332-6666
3220 Zimmerman Drive
Bettendorf, IA
 
A1 Storage
(563) 332-8875
985 Lincoln Road
Bettendorf, IA
 
Bettendorf Storage And Rv Parking
(563) 332-9275
5003 56th Avenue Court
Bettendorf, IA
 
AAA Storage and RV Parking
(563) 332-6501
5900 State Street
Bettendorf, IA
 
Uhaul Center Spruce Hills
(563) 359-3453
1012 Spruce Hills Dr
Bettendorf, IA
 
Tallman Bob & Gerry
(563) 332-6501
5765 Short Street
Bettendorf, IA
 
Superior Sheds
(563) 355-7078
4114 State Street
Bettendorf, IA
 

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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