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Truck Leasing Pros and Cons Fallon NV

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.

Stor-All of Fallon
(775) 423-8500
565 Gummow Drive
Fallon, NV
Soda Lake Storage
(775) 867-2640
500 Soda Lake Road
Fallon, NV
A Street Storage
(775) 423-5803
30 Airport Road
Fallon, NV
U-haul Co.
(775) 423-8818
565 Gummow Dr
Fallon, NV
Wallace Milton RL Estate
(775) 423-2131
525 West Williams Avenue
Fallon, NV
Totally Temps Inc
(775) 423-5738
50 Commercial Way
Fallon, NV
H & L Storage Rentals
(775) 423-4519
Gummow Drive
Fallon, NV
Keddie Mini Storage
(775) 423-2131
525 West Williams Avenue
Fallon, NV
S I Storage
(775) 867-5400
1111 Roberson Lane
Fallon, NV
Spring Valley Storage Rentals
(775) 427-3214
4570 Reno Highway
Fallon, NV

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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