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Truck Leasing Pros and Cons Butte 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.

U-Haul CO - Independent Dealers- Butte
(406) 723-7310
910 South Montana Street
Butte, MT
 
Snow Plowing & Sanding Service
(406) 723-7306
910 South Montana Street
Butte, MT
 
Slick As A Whistle
(406) 723-7395
610 East Platinum Street
Butte, MT
 
Executive Storage
(406) 723-1198
926 South Arizona Street
Butte, MT
 
Christie Transfer And Storage Co
(406) 723-5417
610 East Aluminum Street
Butte, MT
 
B And B Mini Storage
(406) 494-1322
109 North Parkmont
Butte, MT
 
Kaw Avenue Storage
(406) 723-5060
1223 Kaw Avenue
Butte, MT
 
Mergenthaler Transfer & Storage
(406) 494-1088
2755 Lexington Avenue
Butte, MT
 
Cashell Engineers
(406) 723-7395
610 East Platinum Street
Butte, MT
 
Evans Transfer And Storage
(406) 782-5915
750 Utah Avenue
Butte, 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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