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Truck Leasing Pros and Cons Maumee OH

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.

US Container Inc
(419) 897-9110
400 West Dussel Drive Suite C
Maumee, OH
 
Monclova Self Storage
(419) 867-9100
6644 Maumee Western Road
Maumee, OH
 
Lakeside Interior Contractors Inc
(419) 867-1300
6630 Maumee Western Road
Maumee, OH
 
Fragile Movers
(419) 382-9913
1334 Ogontz Avenue
Toledo, OH
 
Sweeping Plus
(419) 382-4255
Po Box 140172
Toledo, OH
 
Buckeye Barns Inc
(419) 893-3233
1261 Conant Street
Maumee, OH
 
Bostleman Corporation
(419) 724-7000
1750 Indian Wood Circle Suite 100
Maumee, OH
 
Maumee Self Storage
(419) 893-3922
501 West Sophia Street
Maumee, OH
 
Glendale Mr Storage
(419) 382-8004
2800 Glendale Avenue
Toledo, OH
 
MDH Sales
(419) 380-0999
2210 Tedrow Road
Toledo, OH
 

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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