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Truck Leasing Pros and Cons El Campo 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.

Brothers Well Service Inc
(979) 543-6851
2104 Circle 453 Road
El Campo, TX
 
ABC Mini Storage
(979) 543-6971
117 Turek Street
El Campo, TX
 
Barnett Ken Real Estate
(979) 532-8254
3027 North Richmond Road Suite 100
Wharton, TX
 
Heavenly Care Moving Solutions
(512) 340-0551
13266 Pond Springs Rd
Austin, TX

Data Provided by:
Chaparral Moving, Inc.
(512) 328-8370
606 Kenniston
Austin, TX

Data Provided by:
A M Trucking
(201) 736-9263
1209 43rd Street
North Bergen, NJ
 
A & A Mini Storage
(979) 543-3901
1515 North Mechanic Street
El Campo, TX
 
Hands On Moving
(972) 889-8580
3213 North Highway 67, Suite 402
Mesquite, TX

Data Provided by:
A B Moving
(972) 306-5269
18613 Marsh Ln
Dallas, TX

Data Provided by:
T.L.C. Moving & Associates
(817) 919-6830
, TX

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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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