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Truck Leasing Pros and Cons Fort Campbell KY

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.

Eagle Mini Storage
(270) 439-4368
814 Pembroke Oak Grove R Ofc
Oak Grove, KY
 
U-Haul Moving & Storage
(270) 697-0970
15145 Fort Campbell Boulevard
Oak Grove, KY
 
Kentucky Moving & Storage Services
(270) 439-1608
Oak Grove, KY
 
REC Vee World
(931) 647-8028
712 Providence Boulevard
Clarksville, TN
 
Airborne Parkway Storage
(931) 542-9001
1280 Parkway Place
Clarksville, TN
 
Uhaul Co.
(270) 697-0970
15145 Fort Campbell Blvd
Oak Grove, KY
 
911 Mini Storage
(270) 885-1254
Highway 911
Oak Grove, KY
 
Epley's Movers
(931) 552-8998
910 Power Street
Clarksville, TN
 
Hollis & Hollis Trucking
(931) 645-5625
9 Quarry Road
Clarksville, TN
 
Atlas Van Lines Agent
(931) 431-6659
416 Tiny Town Road
Clarksville, TN
 

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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