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Truck Leasing Pros and Cons Grand Blanc MI

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.

National Mini Storage of Grand Blanc
(810) 694-1500
8006 Holly Road
Grand Blanc, MI
Home Storage USA LLC
(810) 695-0573
5662 Chatham Lane
Grand Blanc, MI
C J'S Mini Storage
(810) 695-6688
6070 South Saginaw Road
Grand Blanc, MI
Ray's Moving & Storage
(810) 742-1860
G4273 South Dort Highway
Burton, MI
Judd Road Storage
(810) 742-3410
2395 East Judd Road
Burton, MI
C Js Mini Storage
(810) 695-0526
8134 Embury Road
Grand Blanc, MI
Ameriguard Storage Centers
(810) 742-4242
Maple & Saginaw Road
Grand Blanc, MI
Fenton Road Mini Storage
(810) 232-5322
7298 Fenton Road
Grand Blanc, MI
Safety Lock Rv And Mini Storage
(810) 742-5200
G3425 South Saginaw Street
Burton, MI
Ray's Moving Service, Inc.
(810) 742-1860
4273 South Dort Highway
Flint, MI

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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