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Truck Leasing Pros and Cons Little Rock AR

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.

Brandon Moving
(501) 228-5757
10505 Maumelle Blvd.
North Little Rock, AR

Data Provided by:
Gathright Van & Storage Co
(501) 791-2800
2720 West 6th Street
Little Rock, AR
 
Premier Office Services
(501) 228-9888
Little Rock, AR
 
CRS Temporary Housing Inc
(501) 954-8833
10201 West Markham Street
Little Rock, AR
 
Rainey Realty Inc
(501) 221-8800
10515 West Markham Street
Little Rock, AR
 
Rainey Property Management
(501) 228-4663
10515 West Markham Street
Little Rock, AR
 
I630 Business Park
(501) 223-2340
1200 John Barrow Road Suite 104
Little Rock, AR
 
Re/Max Affiliates Realty
(501) 225-1950
10311 W Markham St
Little Rock, AR
 
Storage World
(501) 224-3370
8500 Cunningham Lake Road
Little Rock, AR
 
Capitol City Packaging Inc
(501) 455-4687
10 Clearwater Drive
Little Rock, AR
 
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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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