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Truck Leasing Pros and Cons Irwin PA

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 Farr Moving & Storage
(412) 469-9700
4920 Buttermilk Hollow Road
West Mifflin, PA

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Allied Van Lines Agent - Ryan Moving & Storage
(724) 864-6800
185 Colonial Manor Road
Irwin, PA
 
Arpin Van Lines Inc
(724) 864-4353
13445 Mack Road
Irwin, PA
 
Rhino Industrial Supply Inc
(724) 861-8890
1061 Main St. Banco Box 9
North Huntingdon, PA
 
Hindman Moving & Storage
(724) 446-3626
Herminie, PA
 
Mid Atlantic Contracting
(724) 872-7687
150 Bethel Road
North Huntingdon, PA
 
Ryan Moving & Storage Inc
(724) 864-6800
185 Colonial Manor Road
Irwin, PA
 
Barn Shop
(724) 861-3565
13500 Route 30
Irwin, PA
 
Irwin RV
(724) 863-7900
10750 Route 30
Irwin, PA
 
Budget Truck Rental
(412) 673-4084
1207 Lincoln Way
Mckeesport, PA
 
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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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