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Truck Leasing Pros and Cons Coeur D Alene ID

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.

Superior Allsteel Buildings
(208) 664-8442
3820 West Upriver Drive
Coeur D Alene, ID
Sparkle Car Wash
(208) 665-7700
2315 East Sherman Avenue
Coeur D Alene, ID
Sherman Selfstorage
(208) 665-7700
2315 East Sherman Avenue
Coeur D Alene, ID
Bekins Agent
(208) 765-1100
Cd A Industrial Park
Coeur D Alene, ID
Crown Moving Company Inc
(208) 667-0234
Coeur D Alene, ID
SMT Transport
(208) 664-3267
2251 West Ironwood Center Drive
Coeur D Alene, ID
A And L Storage
(208) 765-0823
4489 West Seltice Way
Coeur D Alene, ID
U-Haul Co
(208) 664-0866
3355 N Atlas Rd
Coeur D Alene, ID
Power House Packing Moving & Storage
(208) 765-4101
Coeur D Alene, ID
Atlas Storage And Sales
(208) 765-2116
3375 North Atlas Road
Coeur D Alene, ID

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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