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Truck Leasing Pros and Cons Chesterfield MO

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.

Place To Place
(314) 993-1339
St. Louis, MO

Data Provided by:
Father & Son Moving & Storage
(636) 728-1717
Chesterfield, MO
Budget Truck Rental - Ballwin
(636) 227-5261
14195 Clayton Road
Chesterfield, MO
Packaging Corporation of America
(314) 434-9755
14515 North Outer 40
Chesterfield, MO
Storage Masters - Chesterfield
(636) 532-6464
16824 Chesterfield Airport
Chesterfield, MO
Caraustar Custom Packaging
(314) 439-5077
14515 North Outer 40
Chesterfield, MO
Office Genius
(636) 532-4414
15400 South Outer 40
Chesterfield, MO
Prudential Alliance Realtors
(636) 537-2361
16216 Baxter Road Suite 350
Chesterfield, MO
Smurfit Stone Container Corporation
(636) 530-7278
2062 Silverwood Lane
Chesterfield, MO
Abc Moving And Storage Inc
(636) 532-1300
633 Goddard Avenue
Chesterfield, MO
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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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