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Truck Leasing Pros and Cons Duncanville TX

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.

Assured Self Storage
(214) 339-0961
5618 South Cockrell Hill Road
Duncanville, TX
 
Apple Corrugated Packaging
(972) 263-2890
1346 North Main Street
Duncanville, TX
 
Assured Self Storage
(972) 286-8300
5613 Blue Bird Avenue
Dallas, TX
 
Assured Self Storage
(972) 296-5100
8110 South Cockrell Hill Road
Dallas, TX
 
Andrus Transportation Services Inc
(972) 298-5223
5712 West Ledbetter Drive
Dallas, TX
 
Accent Self Storage
(972) 709-6464
1212 North Duncanville Road
Duncanville, TX
 
Alamo Self Storage
(214) 337-8444
7011 Marvin D Love Freeway
Dallas, TX
 
All Vac Inc
(972) 298-7279
4018 West Camp Wisdom Road
Dallas, TX
 
DFW Packaging CO
(214) 333-9191
5801 Marvin D Love Freeway
Dallas, TX
 
Mobile Mini Inc
(214) 333-2222
3550 Duncanville Road
Dallas, TX
 

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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