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Truck Leasing Pros and Cons Clifton Heights PA

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.

Roddy Products Packaging CO Inc
(610) 623-7040
Merion Terrace
Primos, PA
 
Phyllis V Universal Moving & Storage
(610) 623-4077
200 East Baltimore Avenue
Primos, PA
 
Glen Olden Self Storage
(610) 534-1441
407 Chester Pke
Darby, PA
 
Economy Moving & Storage Inc
(610) 237-9803
1408 B Calcon Hook Rd
Sharon Hill, PA
 
Community Action Agency of Delaware County
(610) 522-5331
777 Henderson Boulevard
Folcroft, PA
 
Clifton Heights Old Mill Storage
(610) 623-7700
1 New Street
Clifton Heights, PA
 
O'Donnell Bob
(610) 586-3776
8400 Hook Road
Glenolden, PA
 
Kaiser George W Auto Service
(610) 237-8697
311 West Oak Lane
Glenolden, PA
 
Budget Power Washing
(610) 583-3924
702 Moore Statio
Sharon Hill, PA
 
Discount Hauling & Moving Company
(610) 461-1176
Glenolden, PA
 

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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