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Truck Leasing Pros and Cons Hays KS

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.

Uhaul Co
(785) 628-3478
1509 Vine St
Hays, KS
 
Total Excavating Services Llc OFC
(785) 735-9520
1309 Toulon Avenue
Hays, KS
 
Wilson Moving & Storage Inc
(785) 625-6566
1080 East 8th Street
Hays, KS
 
Wilson Moving and Storage Inc
(785) 625-6566
1080 East 8th Street
Hays, KS
 
Morstor
(785) 625-7099
Highway 183 & I 70
Hays, KS
 
Glens Tank Service
(785) 628-6442
1901 Main Street
Hays, KS
 
North American Van Lines Agent
(785) 625-6566
1080 East 8th Street
Hays, KS
 
Fellhoelter Kristen Real Estate
(785) 628-8268
25th & Vine
Hays, KS
 
Havco Storage Systems
(785) 625-5856
28 Augusta
Hays, KS
 
Feltis Rocky Real Estate
(785) 628-8268
1005 East 15th Street
Hays, KS
 

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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