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Truck Leasing Pros and Cons Hastings 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.

Borley Moving And Storage
(402) 462-2177
138 So Lincoln Ave
Hastings, NE

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Hastings Mini Storage
(402) 463-6757
1021 West J Street
Hastings, NE
Lakeside Self Storage & Rental
(402) 462-4108
2107 North Lincoln Avenue
Hastings, NE
Becker Warehouse Inc
(402) 461-4454
1501 South Burlington Avenue
Hastings, NE
U-haul Co.
(402) 463-6275
806 E South St
Hastings, NE
Pavelka Trucking Inc Repair Shop
(402) 462-4650
1215 East J Street
Hastings, NE
Hackler Repair
(402) 463-6363
810 South Lincoln Avenue
Hastings, NE
Bucks Moving & Storage
(402) 462-6758
223 East 14th Street Suite 75
Hastings, NE
Ben Pavelka Trucking
(402) 462-4710
4440 North Gunpowder Circle
Hastings, NE
Red & White Transfer
(402) 462-2770
1420 East South Street
Hastings, NE
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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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