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Truck Leasing Pros and Cons Clinton IA

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.

Budget Truck Rental
(563) 243-5183
301 Main Avenue
Clinton, IA
 
Illowa Storage
(563) 242-5131
2401 Camanche Avenue
Clinton, IA
 
Wilsonroger & Mary
(563) 242-9382
4566 170th Street
Clinton, IA
 
U-Haul
(563) 242-1511
207 South 4th Street
Clinton, IA
 
1st Realty Associates
(563) 242-8421
1720 Hanover Avenue
Clinton, IA
 
Uhaul Co
(563) 242-0563
40 25th Ave N
Clinton, IA
 
Dale Bott Trucking And Excavating
(563) 243-3736
2115 Harding Street
Clinton, IA
 
Thompson Richard A Trucking Excavating And Snow Rmvl
(563) 243-5148
2101 8th Street Northwest
Clinton, IA
 
Johnsons South 19th St Storage
(563) 243-7336
1711 South 19th Street
Clinton, IA
 
1 First Realty Associates GMAC Real Estate
(563) 242-8421
1720 Hanover Avenue
Clinton, IA
 

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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