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Truck Leasing Pros and Cons Burley ID

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.

Ydell Storage
(208) 678-3210
169 Aspen Crescent
Burley, ID
 
Boise Building Solutions Paper Solutions Packaging Main Office
(208) 678-7182
136 East Railroad Avenue
Burley, ID
 
West Main Mini Storage
(208) 678-0089
436 West Main Street
Burley, ID
 
Aaa Silver Thorns Storage
(208) 677-4005
736 East 5th Street
Burley, ID
 
Boise (Boise Cascade) - Main Office
(208) 678-3531
1544 West 27th Street
Burley, ID
 
Larson Roofing And Const Co
(208) 678-1658
154 West Highway 30
Burley, ID
 
Jones Farms
(208) 678-7333
82 South 150 East
Burley, ID
 
AMS Mini Storage
(208) 543-8819
20359 USHighway 30
Burley, ID
 
Budget Truck Rental
(208) 667-3807
1058 Airport Way
Burley, ID
 
Uhaul
(208) 677-4016
237 East Main Street
Burley, ID
 

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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