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Truck Leasing Pros and Cons Enumclaw WA

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.

Freedom Metal Structures
(360) 802-6987
1751 Second
Enumclaw, WA
 
DJB Trucking
(360) 802-2600
1816 Railroad Street
Enumclaw, WA
 
Dickson Doug Insurance
(360) 825-8003
770 Highway 410 South
Enumclaw, WA
 
U-Haul
(360) 886-1772
29020 216th Avenue Southeast
Black Diamond, WA
 
Higgins Carl
(253) 862-1003
26306 State Route 410 East
Buckley, WA
 
U-Haul Co
(360) 825-1535
21416 SE 436th St
Enumclaw, WA
 
Altmayer's Transportation
(360) 802-2701
1075 Gamblin Avenue
Enumclaw, WA
 
Royal Towing-Black Diamond
(360) 886-7605
31119 3rd Avenue
Black Diamond, WA
 
U-Haul
(360) 829-1771
29285 Saint Route 410 East
Buckley, WA
 
K & M Storage
(253) 862-3515
22919 State Route 410 East
Buckley, WA
 

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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