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Truck Leasing Pros and Cons Laconia NH

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.

Hart's Rapid Delivery
(603) 524-1430
127 Court Street
Laconia, NH
All In One Heated Selfstorage
(603) 528-0111
48 Winnisquam Avenue
Laconia, NH
Lakes Region And Landmark Group Heated Self Storage
(603) 524-8378
77 Court Street
Laconia, NH
(603) 524-3964
1121 North Main
Laconia, NH
Gilford Self Storage
(603) 524-5344
10 Gilford East Drive
Gilford, NH
Uhaul Co.
(603) 528-2481
206 Fair St
Laconia, NH
Uhaul Co
(603) 528-7693
507 Union Ave
Laconia, NH
Borda J J
(603) 524-1430
127 Court Street
Laconia, NH
Giguere Electric Inc
(603) 524-2769
136 Frank Bean Road
Laconia, NH
Mills Industries
(603) 528-4217
167 Water Street
Laconia, NH

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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