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Truck Leasing Pros and Cons Muscatine IA

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.

Island Storage
(563) 264-3174
2470 41st Street
Muscatine, IA
 
Uhaul Co.
(563) 263-6465
103 Grandview Ave
Muscatine, IA
 
Hawkeye Movers Inc
(563) 264-0173
Muscatine, IA
 
Economy Storage
(563) 264-5047
1304 Washington Street
Muscatine, IA
 
Budget Truck Rental - Truck Rental Reservations
(563) 263-6470
1815 Plaza Place
Muscatine, IA
 
Security Mini Storage
(563) 264-0219
3630 Park Avenue West
Muscatine, IA
 
Ustore
(563) 263-2555
1108 Grandview Avenue
Muscatine, IA
 
King Storage
(563) 264-8190
1700 Grandview Avenue
Muscatine, IA
 
U-Haul CO - Independent Dealers- Muscatine
(563) 263-6465
103 Grandview Avenue
Muscatine, IA
 
Manasha Packaging
(563) 264-1201
3206 Hershey Avenue
Muscatine, IA
 

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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