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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.

T N T Insured Towing - Towing Service
(208) 362-2777
3901 West Gowen Road
Boise, ID
 
Penske Truck Rental Boise
(208) 375-0961
111 N Curtis Rd
Boise, ID
 
Air Van Moving Group
(208) 345-3030
3340 South Denver Way
Boise, ID
 
Penske Truck Rental Meridian
(208) 375-0961
111 N Curtis Rd
Boise, ID
 
Idaho Self Storage
(208) 375-9300
970 West River Street
Boise, ID
 
Budget Truck Rental
(208) 343-0561
2039 Airport Way
Boise, ID
 
Downtown Storage Center
(208) 336-5050
510 South 11th Street
Boise, ID
 
Columbia Self Storage
(208) 343-0494
2500 East Grand Forest
Boise, ID
 
U-Haul CO - Independent Dealers- Boise
(208) 345-4412
2207 West Overland Road
Boise, ID
 
Gem State Moving
(208) 381-0665
4790 Clinton St
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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