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Truck Leasing Pros and Cons Magna 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.

E-Z Moving
(801) 347-7786
Salt Lake City, UT

Data Provided by:
U-Haul Co
(801) 250-6073
7800 W 2400 S
Magna, UT
Godfrey Trucking
(800) 444-7669
6173 W 2100 S
West Valley City, UT
Clock Center Mobile
(801) 347-0141
PO Box 702674
West Valley City, UT
King Arthur Self Storage
(801) 963-1766
4895 West 3500 South
Salt Lake City, UT
A 1 Storage
(801) 250-8400
3875 South 8400 West
Magna, UT
National Self Storage
(801) 508-1319
7125 West 3500 South
Magna, UT
(801) 956-9460
6381 West 2100 South
Salt Lake City, UT
Budget Truck Rental - Truck Rental Reservations
(801) 964-6758
4537 West 3500 South
Salt Lake City, UT
Utility Trailer Sales of Utah Inc
(801) 973-4040
4970 West 2100 South
Salt Lake City, UT
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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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