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Truck Leasing Pros and Cons Boone NC

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.

The Webb Company
(828) 963-9322
178 Riley Road
Boone, NC
Hodges Mini Warehouses
(828) 264-4551
419 Daniel Boone Drive
Boone, NC
Holton Mountain Rentals
(828) 264-3644
480 Highway 105 Extension
Boone, NC
Klink Transfer & Storage North American
(828) 264-9309
2460 USHighway 421 North
Boone, NC
U-Haul Co
(828) 264-6858
1032 E King St
Boone, NC
Avery Rent-All Boone Rent-All
(828) 264-5000
1818 Highway 105
Boone, NC
Hardin Creek Incorporated
(828) 264-2464
275 Daniel Boone Drive
Boone, NC
North American Van Lines Agent
(828) 264-9309
West US421 Highway
Boone, NC
Atlas Van Lines Agent-Fox Brothers Moving & Storage
(828) 264-3557
2208 USHighway 421 North
Boone, NC
Blowing Rock Self Storage
(828) 268-1118
3647 Jakes Mountain Road
Boone, NC

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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