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Truck Leasing Pros and Cons Logan UT

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.

Armor Storage
(435) 787-2007
1095 North 600 West
Logan, UT
 
Day & Night Laundercenter
(435) 752-9942
40 East 500 North
Logan, UT
 
Dunkley Music
(435) 752-6002
545 North Main Street
Logan, UT
 
B & C Storage
(435) 752-8005
1405 West 2200 South
Logan, UT
 
EKS Storage
(435) 753-2424
680 West 600 North
Logan, UT
 
1400 North Storage
(435) 753-5072
453 West 1400 North
Logan, UT
 
Coldwell Banker Gold Key Realty Inc - Property Management
(435) 753-8824
135 North Main Street
Logan, UT
 
Brave USA
(435) 753-8100
1200 East Highway 89
Logan, UT
 
Longview Fibre CO
(435) 752-0646
701 North 1000 West
Logan, UT
 
Welsh Larry RL Estate
(435) 753-8824
135 South Main Street
Logan, UT
 

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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