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Truck Leasing Pros and Cons Mount Juliet TN

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.

Storage Port America
(615) 754-1235
9601 Lebanon Road
Mount Juliet, TN
U-Haul Co
(615) 754-4730
11804 Lebanon Rd
Mount Juliet, TN
U-haul Co.
(615) 773-2298
11400 Lebanon Rd
Mount Juliet, TN
U Haul
(615) 754-6246
13260 Lebanon Road
Mount Juliet, TN
Master Movers
(615) 758-6602
Mount Juliet, TN
U-Haul CO - Independent Dealers- MT Juliet
(615) 758-0040
2190 North Mount Juliet Road
Mount Juliet, TN
U Store It
(615) 754-5359
7975 Central Pike
Mount Juliet, TN
Haines Trucking
(615) 754-2833
6670 Central Pike
Mount Juliet, TN
Lock Box Self-Storage
(615) 758-3433
12337 Lebanon Road
Mount Juliet, TN
All American Movers
(615) 886-9817
522 Mires Road
Mount Juliet, TN

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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