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Truck Leasing Pros and Cons Juneau AK

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.

F & R Mini-Storage
(907) 789-7274
2114 Radcliffe Road
Juneau, AK
 
Reliable Transfer Corporation
(907) 789-1490
8717 Mallard Street
Juneau, AK
 
Outdoor Outfitters
(907) 780-6633
5750 Glacier Highway
Juneau, AK
 
Glacier Mini Storage
(907) 780-8600
5442 Shaune Drive
Juneau, AK
 
Uhaul Co
(907) 789-7098
10011 Glacier Highway
Juneau, AK
 
Airport Mini Storage
(907) 789-0580
8600 Airport Boulevard
Juneau, AK
 
Salmon Creek Mini Storage
(907) 586-6464
175 South Franklin Street
Juneau, AK
 
Channel Drilling CO
(907) 789-7274
2114 Radcliffe Road
Juneau, AK
 
Porta Shop Crane Service
(907) 780-4221
Po Box 20729
Juneau, AK
 
Stevens Worldwide Van Lines Agent
(907) 780-4374
5350 Shaune Drive
Juneau, AK
 

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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