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Truck Leasing Pros and Cons Boulder CO

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.

Flatirons Moving And Storage, Inc.
(303) 499-1151
6395 Gunpark Dr. Unit E
Boulder, CO

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College Student Storage
(303) 545-9525
780 Grape Avenue
Boulder, CO
 
Securcare Self Storage
(303) 444-7867
4667 Broadway Street
Boulder, CO
 
North Boulder Shipping Store
(303) 442-7707
3980 Broadway Street Suite 103
Boulder, CO
 
Ace Selfstorage Boulder
(303) 444-7870
4587 Broadway Street
Boulder, CO
 
Mock Realty
(303) 494-4250
825 South Broadway Street Suite 100
Boulder, CO
 
Boulder Bins Self Storage
(303) 443-2002
4900 Broadway Street
Boulder, CO
 
Emerald Investmentsmanagement
(303) 444-4552
4949 Broadway Street Suite 105
Boulder, CO
 
Boulder Executive Housing
(303) 473-9262
2429 Broadway Street
Boulder, CO
 
Taylor Moving
(303) 443-5885
4949 Broadway St # 110
Boulder, CO
 
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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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