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Truck Leasing Pros and Cons Fremont NE

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.

Midwest Storage
(402) 721-7329
1145 Schneider Street
Fremont, NE
 
Standard Storage
(402) 720-6906
1820 West 23rd Street
Fremont, NE
 
Fremont Indoor Storage
(402) 727-9270
232 Judy Road
Fremont, NE
 
All-Stor Self Storage
(402) 727-6080
1066 West 23rd Street
Fremont, NE
 
Mc Candless Grain And Trucking
(308) 643-2229
418 East Center Avenue
Merna, NE
 
Masonic Eastern Star Home For Children Supts Officeben Harvey
(402) 727-9270
232 Judy Road
Fremont, NE
 
Simanek Storage
(402) 721-3325
445 North Luther Road
Fremont, NE
 
Frontier Bag Company Inc
(402) 342-0992
2420 Grant Street
Omaha, NE
 
Masonic Eastern Star Home for Children - Supts Office-Ben Harvey
(402) 721-1185
2415 North Main Street
Fremont, NE
 
Uhaul Co Independent Dealers Fremont
(402) 727-9270
232 Judy Road
Fremont, NE
 

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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