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Truck Leasing Pros and Cons Gig Harbor WA

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.

Ed'S Moving & Storage
(253) 581-2446
11104 26Th Avenue South
Tacoma, WA

Data Provided by:
U-haul Co.
(253) 853-5820
8711 State Route 16 Nw
Gig Harbor, WA
 
Budget Truck Rental - Truck Rental Reservations
(253) 851-9455
8809 State Route 16 Northwest
Gig Harbor, WA
 
Taylor Bay Logging
(253) 857-5676
Po Box 995
Wauna, WA
 
U-haul Co.
(253) 857-9240
1903 Point Fosdick Dr Nw
Gig Harbor, WA
 
Burnham Storage Box
(253) 851-1170
9615 Burnham Drive Northwest
Gig Harbor, WA
 
Highway Mini Storage
(253) 851-3166
8809 State Route 16 Northwest
Gig Harbor, WA
 
Hill Worldwide Moving Services
(253) 851-5232
9803 44th Avenue Northwest
Gig Harbor, WA
 
Rosedale Storage Inc
(253) 851-2990
4502 Rosedale Street Northwest
Gig Harbor, WA
 
Stroh's Limited
(253) 851-2716
3901 55th Street Court Northwest
Gig Harbor, WA
 
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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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