Auto Leasing Guide
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Truck Leasing Pros and Cons Davenport 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.

Lucky Y 48 Storage
(563) 381-8182
13813 110th Avenue
Davenport, IA
Versatile Storage Inc
(563) 388-7489
2832 West Locust Street
Davenport, IA
Hawkeye Moving And Storage
(563) 285-7004
370 East 90 Street
Davenport, IA
Uhaul Co.
(563) 386-7515
5510 Sheridan St
Davenport, IA
U SA No 3 Inc
(563) 324-8723
2501 North Lincoln Avenue
Davenport, IA
Atlas Van Lines Agent
(563) 386-7565
11375 190th Street
Davenport, IA
Hawkeye Movers Inc
(563) 386-7565
11375 190th Street
Davenport, IA
Horizon Moving And Storage
(563) 381-9866
10981 118th Street
Davenport, IA
Grisham Industries Inc
(563) 381-3525
110th Avenue
Davenport, IA
Dittrich & Gripp Movers Llc
(563) 324-0062
Davenport, 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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