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Truck Leasing Pros and Cons Hutchinson 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.

U-Haul CO - Independent Dealers- S Hutchinson
(620) 662-5497
911 North Halstead Street
Hutchinson, KS
Storemore Storage
(620) 662-9071
17th & Severance
Hutchinson, KS
Bills Used Appliance And Furniture
(620) 663-3195
1212 West 4th Avenue
Hutchinson, KS
Storhaus Mini Storage
(620) 669-1294
210 North Walnut Street
Hutchinson, KS
Alvin Fry Vacuums
(620) 665-6025
1430 North Main Street
Hutchinson, KS
South Hutch Stop And Store
(620) 665-6000
712 North Walnut Street
Hutchinson, KS
Bills Moving & Storage
(620) 663-3195
1212 West 4th
Hutchinson, KS
Aone Storage
(620) 669-8370
1703 East 4th Avenue
Hutchinson, KS
Store N Go
(620) 662-5566
935 East 4th Avenue
Hutchinson, KS
Downtown Mini Storage
(620) 663-8052
325 West 2nd Avenue
Hutchinson, 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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