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Truck Leasing Pros and Cons Longview WA

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.

California Way Mini Storage
(360) 425-9781
646 California Way
Longview, WA
 
LILE Relocation Services
(360) 423-2260
767 3rd Avenue
Longview, WA
 
Ocean Beach Self Storage
(360) 577-1760
5800 Ocean Beach Highway
Longview, WA
 
Hollinger Construction
(360) 423-4850
1061 Industrial Way
Longview, WA
 
AAA Emergency Road Service
(360) 423-4460
1137 Vandercook Way
Longview, WA
 
Caldwell Ray Construction Inc
(360) 577-1942
3303 Washington Way Suite D
Longview, WA
 
Longview Self Storage LLC
(360) 577-4420
4420 Ocean Beach Highway
Longview, WA
 
Red Robbins Mini Storage
(360) 425-5678
1924 Louisiana Street
Longview, WA
 
Freeway Mini-Storage
(360) 577-1290
421 Oregon Way
Longview, WA
 
Rod's Auto
(360) 636-3032
843 3rd Avenue
Longview, WA
 

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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