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Truck Leasing Pros and Cons Decatur AL

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.

T L Express
(256) 301-1305
1884 Moulton Street West
Decatur, AL
Cagle Mini Storage Brian Cagle Office
(256) 355-8759
1837 Moulton Street West
Decatur, AL
Watsons Mini Storage
(256) 308-1236
2600 Beltline Road Southwest
Decatur, AL
International Paper Shipping And Receiving Department
(256) 355-7610
151 Ipsco Street
Decatur, AL
Funland Self Storage
(256) 355-5004
401 14th Street Southeast
Decatur, AL
Byrd Maintenance Services
(256) 355-1627
3172 Highway 20
Decatur, AL
Beltline Storage Services
(256) 350-7867
1612 Beltline Road Southwest
Decatur, AL
Glover Jane RL Estate
(256) 355-3333
1021 6th Avenue Southwest
Decatur, AL
Solley Crane Service
(256) 350-1756
1201 Highway 20
Decatur, AL
Decatur Vacuum Service and Supply Company
(256) 353-5077
1711 Central Parkway Southwest Suite H
Decatur, AL

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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