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Truck Leasing Pros and Cons Lewiston ME

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.

Gordon'S Moving Llc
(207) 795-8874
531 Webster Street
Lewiston, ME

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U-haul Co.
(207) 782-3053
1222 Sabattus Rd
Lewiston, ME
 
Moore Mini Storage
(207) 783-9181
Po Box 1748
Lewiston, ME
 
Vac Shak
(207) 783-2902
485 Pleasant Street
Lewiston, ME
 
Boxes And Bags Unlimited
(207) 795-6702
35 Canal Street
Lewiston, ME
 
Budget
(207) 786-2383
1495 Sabattus
Lewiston, ME
 
Easy Self Storage
(207) 777-5700
20 South Avenue
Lewiston, ME
 
Gordon's Moving
(207) 926-5444
531 Webster Street
Lewiston, ME
 
Ulysses Moving Company
(207) 753-0787
17 Wakefield Street
Lewiston, ME
 
Tancrede Robert
(207) 783-1907
480 Old Greene Road
Lewiston, ME
 
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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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