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Truck Leasing Pros and Cons Dyersburg TN

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.

Budge-It Movers
(731) 286-6683
470 Mall Boulevard Suite J
Dyersburg, TN
C & S Buildings
(731) 288-3734
1645 USHighway 51 Bypass North
Dyersburg, TN
Affordable Space Center
(731) 287-7444
50 Highway 210
Dyersburg, TN
Real Estate Max 1 Source Realty LLC
(731) 288-0110
1130 USHighway 51 Bypass West Suite 1
Dyersburg, TN
Clean Spot Self Storage
(731) 286-9083
2075 Saint John Avenue
Dyersburg, TN
J & C Trucking Company
(731) 286-2697
340 Valley Drive
Dyersburg, TN
Shipping Super Center
(731) 287-9100
1655 Us Highway 51 Bypass North
Dyersburg, TN
Kimbrell Van Lines Inc
(731) 285-8961
1230 South Main Avenue
Dyersburg, TN
Dyersburg Security Storage
(731) 285-2806
1580 Forrest Street
Dyersburg, TN
Benthal Mini Storage
(731) 286-4547
855 Jenkinsville Jamesto
Dyersburg, TN

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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