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Truck Leasing Pros and Cons North Las Vegas NV

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.

Moving Relocations Specialist L.L.C.
(702) 896-6805
4500 Andrews Street, Suite E
North Las Vegas, NV

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Aaction Movers Of Nevada
(702) 452-0000
6615 Escondido St Ste E
Las Vegas, NV

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Blue Ribbon Relocation
(702) 399-1288
2191 Mendenhall Drive Unit 108
North Las Vegas, NV
 
Moverspage.com
(702) 631-9085
4643 Reliant Street
North Las Vegas, NV
 
Telecom Logistics
(702) 643-9120
3917 East Lone Mountain Road
North Las Vegas, NV
 
Ace World Wide Moving & Storage
(866) 315-6683
3010 Alexander Rd, Suite 1004
North Las Vegas, NV

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Paul Delong Heavy Haul
(702) 644-3668
4985 Lincoln Road
North Las Vegas, NV
 
Craigroad Mini Storage
(702) 631-1550
4430 Simmons Street
North Las Vegas, NV
 
Ann-Ferrell Mini Storage
(702) 839-4062
5714 Ferrell Street
North Las Vegas, NV
 
RS Fraser Trucking
(702) 636-7636
6515 Giant Oak Street
North Las Vegas, NV
 
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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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