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Truck Leasing Pros and Cons Oskaloosa 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.

D R S Transport
(641) 673-9401
1111 11th Avenue West
Oskaloosa, IA
Budget Truck Rental - Truck Rental Reservation
(641) 673-7664
102 South H Street
Oskaloosa, IA
Champion Storage And Signs
(641) 673-8387
1203 South 7th Street
Oskaloosa, IA
Uhaul Co Independent Dealers Oskaloosa
(641) 673-9698
1111 11th Avenue West
Oskaloosa, IA
East Sidemini Storage
(641) 672-2222
2465 Newport Avenue
Oskaloosa, IA
U-Haul CO - Oskaloosa- Independent Dealers
(641) 673-9968
1806 17th Avenue East
Oskaloosa, IA
Rozenboom Jerry Trucking
(641) 673-9698
1111 11th Avenue West
Oskaloosa, IA
Oskaloosa Grain Limited
(641) 673-8488
2055 238th Street
Oskaloosa, IA
U-Haul CO - Independent Dealers- Oskaloosa
(641) 673-4446
1209 A Avenue East
Oskaloosa, IA
Uhaul Co
(641) 673-8416
304 Elm
Beacon, 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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