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Truck Leasing Pros and Cons Eugene OR

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.

Sage Maintenance Supply Inc
(541) 342-1113
Big Y Shopping Cente
Eugene, OR
Coburg Mini Storage LLC
(541) 341-1447
32930 Roberts Court
Eugene, OR
Housing Options
(541) 683-1005
90895 Roberts Road
Eugene, OR
Cronk Rodney Trucking
(541) 689-0726
29720 Awbrey Lane
Eugene, OR
Golick Dee Prudential Real Estate Professionals
(541) 485-1400
497 Oakway Road Suite 400
Eugene, OR
Trans Continental Transport Inc
(541) 343-2787
32932 Roberts Court
Eugene, OR
Motor Cargo
(541) 485-8891
32912 Roberts Court
Eugene, OR
Pak Mail
(541) 484-6353
1056 Green Acres Road
Eugene, OR
Vault Store & LOC
(541) 344-7997
4450 Goodpasture Loop
Eugene, OR
Jay F Oldham & Son Inc
(541) 726-7646
3330 Franklin Boulevard
Eugene, OR

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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