Auto Leasing Guide
Go to LeaseGuide.com now !

Truck Leasing Pros and Cons Forest Lake MN

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.

East Suburban Resources Inc - Forest Lake OFC
(651) 464-5137
744 West Broadway Avenue Suite 3
Forest Lake, MN
 
Sears Roebuck and CO - Lawn & Garden- Retail Stores Authorized Dealer
(651) 982-9997
24135 Greenway Road
Forest Lake, MN
 
U-haul Co.
(651) 464-2611
407 15th St SW
Forest Lake, MN
 
Freeway Ministorage
(651) 982-9999
14474 West Freeway Drive
Forest Lake, MN
 
Hallbergs Inc
(651) 464-7159
617 1st Street Northwest
Forest Lake, MN
 
McCullough Mini Storage
(651) 464-3991
20335 Forest Boulevard North
Forest Lake, MN
 
Sears Roebuck And Co Lawn And Garden Retail Stores Authorized Dealer
(651) 464-3991
20335 Forest Boulevard North
Forest Lake, MN
 
East Suburban Resources Inc
(651) 464-5137
744 West Broadway Avenue Suite 3
Forest Lake, MN
 
Uhaul Co.
(651) 464-6771
21380 Forest Blvd N
Forest Lake, MN
 
Forest Lake Mini Storage
(651) 464-2361
407 15th Street Southwest
Forest Lake, MN
 

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...

Click here to read the rest of this article from Lease Guide