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Truck Leasing Pros and Cons New Castle DE

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.

Hopkins And Sons, Inc
(302) 322-1017
1 Bellecor Dr.
New Castle, DE

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Trent Transport, Inc.
(410) 620-0916
55 Little Elk Creek Rd
Elkton, MD

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Tri State Self Storage
(302) 888-2232
4016 North Dupont Highway
New Castle, DE
 
United Van Lines Agent
(302) 323-9000
20 East Commons Blvd
New Castle, DE
 
Delaware Moving And Storage Inc
(302) 322-0311
214 Christiana Road
New Castle, DE
 
Bayshore Transportation System, Inc.
(302) 366-0220
901 Dawson Drive
Newark, DE

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Movers International
(302) 778-1100
106 Lukens Drive
New Castle, DE
 
Holman Moving Systems
(302) 323-9000
20 East Commons Boulevard
New Castle, DE
 
Signature Construction And Design
(302) 691-1010
3020 Bowlarama Drive
New Castle, DE
 
Sentinel Self Storage
(302) 221-0575
465 Pulaski Highway
New Castle, DE
 
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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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