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Truck Leasing Pros and Cons Oldsmar FL

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.

American Van Lines East, Inc.
(813) 935-1200
9922 Lazy Lane
Tampa, FL

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Shurgard Self Storage
(813) 891-9502
3657 Tampa Road
Oldsmar, FL
 
Public Storage Storage
(813) 855-7133
109 South Bayview Boulevard
Oldsmar, FL
 
Nationwide Delivery Systems Inc
(813) 925-8500
4025 Tampa Road Suite 1117
Oldsmar, FL
 
Eagle Mini Storage
(813) 855-3343
3884 Tampa Road
Oldsmar, FL
 
Budget Rent A Car System Inc
(813) 814-9374
175 Forest Lake Boulevard South
Oldsmar, FL
 
Secure Movers
(727) 299-9343
4770 110th Ave N Suite #2
Clearwater, FL
 
Bay Grove Landing Marina & Storage
(813) 925-0400
1011 Saint Petersburg Drive
Oldsmar, FL
 
Climate Controlled Storage
(813) 855-7706
3182 Curlew Road
Oldsmar, FL
 
Oldsmar Storage Units
(813) 855-7133
109 South Bayview Boulevard
Oldsmar, FL
 
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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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