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Truck Leasing Pros and Cons North Richland Hills TX

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.

C M S CO
(817) 267-3947
3604 Raider Drive
Hurst, TX
 
All Star Movers
(817) 589-1424
Fort Worth, TX
 
Arrow Self Storage
(817) 282-4242
201 West Hurst Boulevard
Hurst, TX
 
Cheap Moves.com
(866) 574-9629
750 Pipeline Court
Hurst, TX
 
Barbara Polk & Associates Realtors
(817) 268-2600
1852 Norwood Plaza Suite 106
Hurst, TX
 
All Pro Movers
(910) 232-6052
448 Michael Blvd
Hurst, TX
 
Codelite Inc
(817) 595-0691
7350 Dogwood Park
Richland Hills, TX
 
Colonial Storage Centers - Bedford-Hurst
(817) 282-4077
1320 Norwood Drive
Hurst, TX
 
American U-Stor
(817) 284-4745
4413 East Loop 820 North
North Richland Hills, TX
 
AAA Big Student Movers Inc
(817) 577-9400
5736 Chesapeake
North Richland Hills, TX
 

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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