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Truck Leasing Pros and Cons Dover NH

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.

Uhaul Center Of Dover
(603) 742-7817
622 Central Ave
Dover, NH
 
First Class Moving And Storage
(603) 436-6211
31 Raynes Avenue
Portsmouth, NH
 
Huff William C Moving Inc
(603) 929-0011
Dover, NH
 
Uhaul Co.
(603) 742-4988
25 Charles St
Dover, NH
 
Somersworth Storage Llc
(603) 749-9728
240 Route 108
Somersworth, NH
 
1st Class Moving & Storage Inc
(603) 749-6211
25 Horne Street
Dover, NH
 
William C Huff Moving Inc
(603) 332-1134
6 Milk Street
Dover, NH
 
William C Huff Moving Storage
(603) 742-5564
Dover, NH
 
Vernay Moving Systems
(603) 692-2205
15 A Interstate Dr
Somersworth, NH
 
I'm the Cheapest Movers LLC
(603) 740-0997
227 Route 108 Trlr 8
Somersworth, NH
 

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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