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Truck Leasing Pros and Cons Broomfield 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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Bobs Piano Service
(303) 544-1600
6930 West 116th Avenue Suite 40
Broomfield, CO
 
Teilhaber Manufacturing Corporation
(303) 466-2323
2360 Industrial Lane
Broomfield, CO
 
Budget Boxes
(303) 439-2005
7510 USHighway 287
Broomfield, CO
 
Stars and Stripes RV Storage
(303) 460-9676
11700 Wadsworth Boulevard
Broomfield, CO
 
U-Haul CO - Independent Dealers- Northglenn
(303) 280-0438
1470 Roseanna Drive
Broomfield, CO
 
Mccollisters Trans. Systems
(303) 465-9898
500 Burbank St
Broomfield, CO
 
Ostroms The Professional Move
(303) 254-4649
12130 Huron Street
Denver, CO
 
Barbers RV and Boat Storage
(303) 466-9389
4851 West 120th Avenue
Broomfield, CO
 
Storage Plus Inc
(303) 465-2447
12035 Perry Street
Broomfield, 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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