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Truck Leasing Pros and Cons Blue Bell 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.

A Pioneer Moving Systems
(215) 677-1770
13451 Damar Dr
Philadelphia, PA

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Parcels USA
(610) 272-1400
1744 Dekalb Pike
Blue Bell, PA
Craters & Freighters Philadelphia
(610) 397-0488
4110 Butler Pike Suite A101
Plymouth Meeting, PA
Public Storage
(610) 834-1225
2025 Chemical Road
Plymouth Meeting, PA
Jerry's Hauling & Delivery
(610) 277-5293
2324 Rahway Avenue
Norristown, PA
A Plus Family Movers Inc
(215) 638-0400
560 State Road
Bensalem, PA

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U-Haul Co
(610) 825-2365
2014 Butler Pike
Plymouth Meeting, PA
Auto Driveaway Co
(215) 540-2466
275 Commerce Drive
Fort Washington, PA
Kinsale Moving & Storage
(610) 834-7339
37 Camelot Drive
Plymouth Meeting, PA
MCC Warehousing Inc
(610) 272-6245
19 Depot Street
Bridgeport, PA
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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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