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Truck Leasing Pros and Cons Jeffersonville IN

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.

Rentco Trailer Sales And Rentals Inc
(812) 282-3200
2807 Sable Mill Lane
Jeffersonville, IN
Gary's Movers
(812) 283-1240
Jeffersonville, IN
Storage Express
(812) 288-9822
2225 E. 10th Street
Jeffersonville, IN
Storage Solutions Unlimited LLC
(812) 284-3000
5814 Hamburg Pike
Jeffersonville, IN
The Store House
(812) 284-1012
1713 East 10th Street
Jeffersonville, IN
Champion Trucking CO Inc
(812) 282-4030
4900 Keystone Boulevard
Jeffersonville, IN
Indiana Amusement
(812) 282-5541
5508 Hamburg Pike
Jeffersonville, IN
Bower And Associates Inc
(812) 282-0657
1702 Dutch Lane
Jeffersonville, IN
Super Self Storage
(812) 282-0800
4701 Hamburg Pike
Jeffersonville, IN
United Self Storage
(812) 280-1101
300 Spring Street
Jeffersonville, IN

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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