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Truck Leasing Pros and Cons Brentwood TN

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.

Now Leasing Corporate Suites
(615) 507-2011
215 Jamestown Park Suite 203
Brentwood, TN
 
Always Home
(615) 370-6844
1600 Westgate Circle
Brentwood, TN
 
Stor-N-Lok Self-Storage
(615) 370-0130
520 Summit View Place
Brentwood, TN
 
U-Haul Co
(615) 776-2433
6941 Nolensville Rd
Brentwood, TN
 
The Ups Store
(615) 661-9606
330 Franklin Road
Brentwood, TN
 
Crye-Leike of Nashville Inc - West- Brentwood- Branches- Regional Headquar
(615) 373-2044
5111 Maryland Way Suite 100
Brentwood, TN
 
Mallory Station Storage
(615) 377-1299
600 Church Street East
Brentwood, TN
 
Alliance for Affordable Services
(615) 776-1398
1090 Millwood Court
Brentwood, TN
 
Brentwood Self-Storage
(615) 371-8030
1714 General George Patto
Brentwood, TN
 
Nashville Self Storage
(615) 331-2100
4815 Trousdale Drive
Nashville, TN
 

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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