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Truck Leasing Pros and Cons Dumfries VA

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.

A & A Moving Inc
(703) 583-7193
Woodridge, VA

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Express Moving Company
(703) 680-5454
4871 Crestleigh Ct
Dumfries, VA
 
Pullen Moving Storage
(703) 690-6278
15461 Farm Creek Drive
Woodbridge, VA
 
Public Storage - Storage
(703) 490-5555
14123 Jefferson Davis Highway
Woodbridge, VA
 
Bekins A-1 Movers
(703) 643-1000
15121 Farm Creek Drive
Woodbridge, VA
 
Beltway Movers
(703) 971-3550
6308 Gravel Avenue
Alexandria, VA

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Dumfries Self Storage
(703) 221-0234
17625 Possum Point Road
Triangle, VA
 
Budget Truck Rental - Truck Rental Reservations
(703) 878-7509
14215 Minnieville Road
Woodbridge, VA
 
A And A Moving Experts
(703) 221-4189
1533 Woodmark Court
Woodbridge, VA
 
Plullen Moving & Storage
(703) 690-2622
15461 Farm Creek Drive
Woodbridge, VA
 
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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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