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Truck Leasing Pros and Cons Idaho Falls ID

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.

Don Asletts Cleaning Center
(208) 524-5919
1602 East 17th Street
Idaho Falls, ID
 
Yost Leasing
(208) 529-5858
Po Box 2095
Idaho Falls, ID
 
Piano Gallery
(208) 524-4420
3050 E 17th Street
Idaho Falls, ID
 
Grand Teton Storage
(208) 523-9820
2595 East 17th Street
Idaho Falls, ID
 
CCI Crane & Transport Inc
(208) 524-2244
Po Box 52237
Idaho Falls, ID
 
Ups Store
(208) 528-6100
510 East 17th Street
Idaho Falls, ID
 
Empeys Sunnyside Storage
(208) 522-8360
4280 East Sunnyside Road
Idaho Falls, ID
 
Country Corner Rv And Self Storage
(208) 523-3772
150 South Ammon Road
Idaho Falls, ID
 
Hercules Vacu-Maid
(208) 522-9666
3686 Schwieder Lane
Idaho Falls, ID
 
A & M Furniture Movers Inc
(208) 542-0361
Idaho Falls, ID
 

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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