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Truck Leasing Pros and Cons Claymont DE

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.

Hopkins And Sons, Inc
(302) 322-1017
1 Bellecor Dr.
New Castle, DE

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Sheds Unlimited
(302) 798-2018
1101 Philadelphia Pike
Wilmington, DE
 
Affordable Ministorage
(302) 475-3621
120 Brookside Dr
Wilmington, DE
 
Door to Door Storage
(302) 798-8698
Garylyn Crescent
Wilmington, DE
 
Sterling International Inc
(302) 762-2896
6 Denny Road
Wilmington, DE
 
Bayshore Transportation System, Inc.
(302) 366-0220
901 Dawson Drive
Newark, DE

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Grief BROS Corporation
(610) 485-8148
3033 Market Street
Marcus Hook, PA
 
Mike's Truck Trix
(610) 485-7000
169 Keystone Road
Marcus Hook, PA
 
Public Storage
(610) 497-2031
4021 Market Street
Marcus Hook, PA
 
Information Storage Alternatives
(610) 497-8835
1419 Zebley Road
Marcus Hook, PA
 
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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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