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Truck Leasing Pros and Cons Clackamas OR

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.

Wymore Transfer CO
(503) 656-2693
12651 Southeast Capps Road
Clackamas, OR
Austrak International Transport
(503) 650-7475
10281 Southeast Mather Road
Clackamas, OR
EZ Storage of Clackamas
(503) 658-5555
15434 Southeast 142nd Avenue
Clackamas, OR
Shaw Hugh & Winona Clackamas River Mini Storage
(503) 650-8364
13003 Southeast Highway 212
Clackamas, OR
Safegard Mini Storage - Oregon City
(503) 657-1870
14735 Southeast 82nd Drive
Clackamas, OR
U-Haul Co
(503) 558-9621
15434 SE 142nd Ave
Clackamas, OR
Skellenger Transfer Inc
(503) 656-4840
10300 Southeast Jennifer Street
Clackamas, OR
All My Sons
(503) 299-9000
12470 Southeast Highway 212
Clackamas, OR
Penske Truck Rental - Clackamas
(503) 656-2560
15975 Southeast 130th Avenue
Clackamas, OR
Damascus Mini Storage
(503) 558-0802
14613 Old Barn Lane
Clackamas, OR

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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