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Truck Leasing Pros and Cons Columbus NE

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.

ABF U-Pack Moving
(402) 331-5700
2256 11th Avenue East
Columbus, NE
 
City Delivery and Moving Inc
(402) 564-6030
2871 25th Avenue
Columbus, NE
 
Central Insulation And Roofing Inc
(402) 564-6913
5307 27th Street
Columbus, NE
 
U-haul Co.
(402) 562-6768
2152 3rd Ave
Columbus, NE
 
A A To Z Mini Storage
(402) 564-9791
3660 26th Avenue
Columbus, NE
 
A 3rd Avenue Self Storage
(402) 564-3921
2070 3rd Avenue
Columbus, NE
 
Schreiber BROS
(402) 563-3518
2251 3rd Avenue
Columbus, NE
 
Central NE Storage
(402) 562-7039
902 East 17th Street
Columbus, NE
 
Patt's Rental & U-Haul
(402) 564-5908
805 23rd Street
Columbus, NE
 
Performance Paint And Body Shop
(402) 563-1937
2119 13th Street
Columbus, NE
 

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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