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Truck Leasing Pros and Cons Lenexa KS

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.

C&H Moving Inc.
(785) 218-6452
Overland Park, KS

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KC Classic Auto Display
(913) 888-1234
10101 Lackman Road
Shawnee Mission, KS
 
A B C Frywagner Inc
(816) 444-9500
15850 Santa Fe Drive
Shawnee Mission, KS
 
Public Storage Storage Locations Lenexa Ks
(913) 599-6559
17225 West 116th Street
Shawnee Mission, KS
 
Graebel Kansas City Movers Inc
(913) 888-4554
9755 Commerce Parkway
Shawnee Mission, KS
 
Marathon Moving And Delivery
(913) 541-1015
17501 West 98th Street
Lenexa, KS
 
Public Storage Storage Locations Shawnee Ks
(913) 599-6559
17225 West 116th Street
Shawnee Mission, KS
 
Penske Truck Rental
(913) 599-6559
17225 West 116th Street
Shawnee Mission, KS
 
Fry Wagner Moving & Storage CO
(913) 541-0023
15850 Santa Fe Drive
Shawnee Mission, KS
 
Storage Mart
(913) 888-4558
9500 Legler Road
Lenexa, KS
 
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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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