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Truck Leasing Pros and Cons Glastonbury CT

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.

Geometric Moving
(860) 704-0215
496 Westfield Street
Middletown, CT

Data Provided by:
County Van Lines Of Southern New England
(860) 652-8282
3651 Hebron Avenue
Glastonbury, CT
 
Creative Building Movers Llc
(860) 652-0051
88 Curtis Road
Glastonbury, CT
 
U-haul Co.
(860) 659-0797
252 Welles St
Glastonbury, CT
 
All-Fence
(860) 659-0583
119 Griswold Street Rear
Glastonbury, CT
 
Nieroda Transport
(860) 687-1344
428 Hayden Station Rd
Windsor, CT

Data Provided by:
Taylor Street Self Storage
(860) 657-9865
100 Taylor
Glastonbury, CT
 
A New England Van Lines of CT Inc
(860) 633-0060
Glastonbury, CT
 
A 21st Century Van Lines
(860) 633-6747
Glastonbury, CT
 
Keeney Rigging & Trucking
(860) 633-3563
180 Oakwood Drive
Glastonbury, CT
 
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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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