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Truck Leasing Pros and Cons Liberty MO

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.

Cj Foster Photography
(816) 781-6683
Po Box 771
Liberty, MO
Brownell Trucking
(816) 781-6634
904 Birmingham Road
Liberty, MO
Mnookin D H
(816) 781-8800
933 Kent Street
Liberty, MO
Uhaul Co.
(816) 781-2200
201 W Mississippi St
Liberty, MO
Aladin Storage
(816) 781-0162
701 North State Route 291
Liberty, MO
Liberty Bend Storage CO
(816) 781-9595
1108 Old 210 Highway
Liberty, MO
Safety Mini Storage - Pleasent Valley
(816) 781-0007
7101 North Stewart Road
Liberty, MO
Glaser Trucking Service
(816) 792-0452
2513 Liberty Landing Road
Liberty, MO
Storage Liberty I 35 Safety
(816) 792-4072
280 North Church Road
Liberty, MO
Smurfit-Stone Container Corporation - Plant Kansas City
(816) 781-8800
933 Kent Street
Liberty, MO

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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