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Truck Leasing Pros and Cons Council Bluffs 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.

Ford Brothers Van & Storage Co
(402) 597-3185
7402 L Street
Omaha, NE

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Atherton Truck Rental
(712) 329-3391
2900 West Broadway
Council Bluffs, IA
 
Scott's Turf
(712) 323-2733
2714 2nd Avenue
Council Bluffs, IA
 
Holiday Storage Inc
(712) 322-8275
2406 Avenue L
Council Bluffs, IA
 
Warren Transport Inc
(712) 328-3079
2743 8th Avenue
Council Bluffs, IA
 
Chieftain Van Lines
(402) 331-4021
7201 Main Street
Ralston, NE

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Decker Plastics
(712) 323-9995
1104 2nd Avenue
Council Bluffs, IA
 
Cohoe Business Center
(712) 322-8304
25 South 15th Street
Council Bluffs, IA
 
Zalkin Incorporated
(712) 325-1115
1101 South 20th Street
Council Bluffs, IA
 
Hawk Jim Truck Trailer Inc
(712) 366-2241
2917 South 9th Street
Council Bluffs, IA
 
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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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