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Truck Leasing Pros and Cons Goodlettsville TN

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.

The Ups Store - Goodlettsville
(615) 851-6245
900 Conference Drive Suite 1B
Goodlettsville, TN
Goodlettsville Self Storage
(615) 859-5170
307 South Main Street
Goodlettsville, TN
A AA Rivergate Mini Storage
(615) 859-1000
719 Rivergate Parkway
Goodlettsville, TN
A All-State Moving Company
(615) 859-6196
2754 Greer Road
Goodlettsville, TN
Goodlettsville Vacuum
(615) 859-9719
680 North Main Street
Goodlettsville, TN
Continental Machinery Movers
(615) 859-6619
1234 Fesslers Lane
Goodlettsville, TN
U-haul Co.
(615) 672-4229
1525 Highway 31 W
Goodlettsville, TN
U-Haul Co
(615) 855-6411
1742 Hwy 41 S
Ridgetop, TN
B G Consolidated Inc
(615) 859-9060
208 Space Park North
Goodlettsville, TN
The Barn Shop
(615) 672-0079
1525 Highway 31 West
Goodlettsville, 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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