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Truck Leasing Pros and Cons Bordentown NJ

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 Plus Family Movers Inc
(215) 638-0400
560 State Road
Bensalem, PA

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M W Trailer Repair Inc
(609) 298-1113
400 Rising Sun Road
Bordentown, NJ
 
J And L Crafts And Lawn Furniture
(609) 265-8644
Ushighway 206
Columbus, NJ
 
Horo Trucking Co Inc
(609) 499-3599
1818 River Road
Florence, NJ
 
Broadway Moving & Storage Inc
(609) 396-4561
130 Durand Avenue
Trenton, NJ
 
A Pioneer Moving Systems
(215) 677-1770
13451 Damar Dr
Philadelphia, PA

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Budget Truck Rental Truck Rental Reservations
(609) 265-8644
Ushighway 206
Columbus, NJ
 
Clyde Boiston Storage Sheds
(609) 499-4470
2054 Ushighway 130 North
Florence, NJ
 
Friendly Self Storage Llc
(609) 499-6600
2050 Us Highway 130 North
Florence, NJ
 
Atlas Van Lines Agent
(609) 396-4561
130 Durand Avenue
Trenton, NJ
 
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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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