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Truck Leasing Pros and Cons Boise ID

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.

Gem State Moving
(208) 381-0665
4790 Clinton St
Boise, ID
Peasley Transfer And Storage
(208) 375-0961
111 N Curtis Rd
Boise, ID
Uhaul Co.
(208) 429-9393
2618 W Fairview Ave
Boise, ID
Penske Truck Rental - Boise
(208) 336-7220
4450 Enterprise Street
Boise, ID
U-Haul CO - Independent Dealers- Boise
(208) 345-4412
2207 West Overland Road
Boise, ID
Republic Storage - Broadway II
(208) 338-6800
3501 Lindsay Avenue
Boise, ID
Idaho Records Management
(208) 344-9200
970 West River Street
Boise, ID
Homefinders of Idaho LLC
(208) 345-2900
3302 West Overland Road
Boise, ID
North American Van Lines Agent
(208) 345-3030
1040 West Wright Street
Boise, ID
Air Van Boise Moving & Storage
(800) 769-5641
3340 S Denver Way
Boise, ID

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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