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Truck Leasing Pros and Cons Bozeman MT

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.

Lux Transfer And Storage Inc
(406) 587-5153
145 Simmental Way
Bozeman, MT
 
Montana Ready Mix
(406) 586-1234
209 Cedar Street
Bozeman, MT
 
United Van Lines Agency
(406) 586-5497
95 East Griffin Drive
Bozeman, MT
 
U-Haul
(406) 586-3995
34246 Frontage Road
Bozeman, MT
 
Kenyon Noble Ready-Mix CO - Bozeman Orders
(406) 586-2397
1104 North Rouse Avenue
Bozeman, MT
 
Montana Container Corporation
(406) 586-3393
1925 Dead Mans Gulch
Bozeman, MT
 
Uhaul Co Independent Dealers Bozeman
(406) 586-4541
815 N 7th Ave
Bozeman, MT
 
Montana Crane Service
(406) 586-0909
209 Cedar Street
Bozeman, MT
 
The Vac Shack
(406) 522-9200
712 East Main Street
Bozeman, MT
 
Pack Tech Packing And Shipping Center
(406) 587-0558
Univ Square Sh
Bozeman, MT
 

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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