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Truck Leasing Pros and Cons Clarksburg WV

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.

Rich and Terri's Warehouse Storage
(304) 623-5366
209 North Oak Street
Clarksburg, WV
U-haul Co.
(304) 624-5090
913 N 13th St
Clarksburg, WV
De Mary Bros Transfer Inc
(304) 842-5471
300 Barnett Run Road
Bridgeport, WV
Meadowbrook Self Storage
(304) 842-5471
300 Barnett Run Road
Bridgeport, WV
Bridgeport Storage
(304) 842-7700
10 Lindale Street
Bridgeport, WV
Elite Cleaners
(304) 623-2996
100 West Pike Street
Clarksburg, WV
Budget Truck Rental
(304) 623-4274
800 East Pike Street
Clarksburg, WV
ATHA Trucking CO Inc
(304) 842-2267
RR 2 Box 531
Bridgeport, WV
Bridgeport Stow-It
(304) 842-7698
328 Railroad Street
Bridgeport, WV
U-haul Center Of Anmoore
(304) 623-9045
State Rt 58 E
Bridgeport, WV

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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