Auto Leasing Guide
Go to now !
» » ยป

Truck Leasing Pros and Cons Helena MT

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.

Suhr Transport
(406) 449-8888
2520-A Euclid Avenue
Helena, MT
Broadwater Budget Storage
(406) 443-2606
3118 Euclid Avenue
Helena, MT
Budget Truck Rental
(406) 443-5240
1025 Phoenix Avenue
Helena, MT
Mergenthaler Transfer and Storage
(406) 442-9470
1414 N Montana Ave
Helena, MT
(406) 442-9470
1414 North Montana Avenue
Helena, MT
Mergenthaler Transfer
(406) 442-4356
1450 Carter Drive
Helena, MT
Mobile City Self Storage
(406) 442-4973
1805 Joslyn Street Trailer 229
Helena, MT
Cole Avenue Self Storage
(406) 442-9100
1600 Cole Avenue
Helena, MT
Montana Marketing Inc
(406) 449-7446
9 North Davis Street
Helena, MT
Lyndale Avenue Self Storage
(406) 442-4429
5290 Stonebridge Drive
Helena, MT

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...

Click here to read the rest of this article from Lease Guide