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Truck Leasing Pros and Cons Boulder City NV

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.

Aaction Movers Of Nevada
(702) 452-0000
6615 Escondido St Ste E
Las Vegas, NV

Data Provided by:
B & J Auto Body
(702) 293-1140
1512 Nevada Highway
Boulder City, NV
 
Foothill Mini Storage
(702) 293-2651
833 Nevada Highway
Boulder City, NV
 
Storage Plus
(702) 293-3115
1553 Foothill Drive
Boulder City, NV
 
Weekender Boat RV Storage
(702) 565-6877
875 South Boulder Highway
Henderson, NV
 
N F D Boat & Mini Storage Inc
(702) 293-0007
1281 Gingerwood Street
Boulder City, NV
 
U-Haul
(702) 294-1241
1504 Nevada Highway
Boulder City, NV
 
Red Mountain Storage
(702) 293-4473
733 Nevada Highway
Boulder City, NV
 
Canyon Road Self Storage
(702) 294-5025
704 Canyon Road
Boulder City, NV
 
Walker Towing
(702) 565-6220
2398 Silver Wolf Drive
Henderson, NV
 
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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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