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Truck Leasing Pros and Cons Fountain CO

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.

Schramek Gerold J
(719) 382-9315
300 Georgia Lee Lane
Fountain, CO
 
Big Places Storage
(719) 390-2864
6150 Southmoor Drive
Fountain, CO
 
U-Haul CO - Independent Dealers- Fountain
(719) 382-7378
700 North Santa Fe Avenue
Fountain, CO
 
Uhaul Co Independent Dealers Fountain
(719) 382-9315
8786 South Ushighway 85-87
Fountain, CO
 
Valley Mini Storage
(719) 390-7900
639 Carson Boulevard
Fountain, CO
 
Carson Bluffs Self Storage And Truck Rental
(719) 382-0999
10800 Charter Oak Ranch Road
Fountain, CO
 
Badge Llc
(719) 322-9616
9090 Rustique Drive
Fountain, CO
 
Jerrys Rv And Boat Storage
(719) 382-9315
8786 South Ushighway 85-87
Fountain, CO
 
Fountainhead Self Storage
(719) 322-9797
6939 Bandley Dr
Fountain, CO
 
Academy South Mini Storage
(719) 391-0222
2620 Cody Drive
Colorado Springs, CO
 

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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