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Truck Leasing Pros and Cons Missoula MT

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.

Blair Transfer & Storage, Inc.
(406) 543-5131
7600 Desmet Road
Missoula, MT

Data Provided by:
Johnson Wax Distributor
(406) 721-4330
2205 South Avenue West
Missoula, MT
 
Silver Scissors And Tanning Salon
(406) 549-9761
2203 South Avenue West
Missoula, MT
 
Allied Van Lines Inc
(406) 728-2116
1750 Idaho Street
Missoula, MT
 
Budget Truck Rental
(406) 549-3523
2000 West Central Avenue
Missoula, MT
 
Rigging International
(406) 543-4427
2501 South Catlin Street Suite 205
Missoula, MT
 
The Dwelling Place Property Management
(406) 721-1596
2704 Brooks Street
Missoula, MT
 
Landlord Association-Western Montana
(406) 721-1596
2704 Brooks Street
Missoula, MT
 
Gillys Gas Inc
(406) 542-0550
2340 South 3rd Street West
Missoula, MT
 
Allied Van Lines Agent - Rocky Mountain Moving & Storage
(406) 728-2116
1750 Idaho Street
Missoula, MT
 
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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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