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Truck Leasing Pros and Cons Casper WY

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.

Reed Transportation
(307) 265-7778
2290 Renauna Avenue
Casper, WY
 
Extreme Performance
(307) 265-0179
1215 North Wolcott Street
Casper, WY
 
C & Y Transportation CO
(307) 266-1667
10000 East USHighway 20-26
Casper, WY
 
U-Haul CO - Independent Dealers- Casper
(307) 237-5252
1817 East Yellowstone Highway
Casper, WY
 
Knapp Supply & Equipment CO
(307) 234-7323
811 Winborne Street
Casper, WY
 
D & C Mini Storage
(307) 266-1770
1925 South Oakcrest Avenue
Casper, WY
 
Kenco Trucking Inc
(307) 234-1024
2530 Scott Drive
Casper, WY
 
Murphy Sheds
(307) 266-2066
2090 Old Salt Creek Road
Casper, WY
 
Cotherman Michael
(307) 265-8291
Casper, WY
 
Willhaul
(307) 265-8180
2004 Eastbrook Avenue
Casper, WY
 

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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