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Truck Leasing Pros and Cons Overland Park KS

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&H Moving Inc.
(785) 218-6452
Overland Park, KS

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Coldwell Banker Relocation Services of KC
(913) 469-1968
9401 Indian Creek Parkway
Shawnee Mission, KS
 
C.H. Robinson Worldwide, Inc.
(913) 402-9833
10801 Mastin Blvd., Suite 520
Kansas City, KS
 
Security Self Storage
(913) 469-6444
13210 College Boulevard
Overland Park, KS
 
Security Self Storage
(913) 851-3390
8321 West 125th Street
Shawnee Mission, KS
 
Kc Movers
(816) 246-6320
409 S.E. Thompson Dr.
Lees Summit, MO

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Shipping Convenience Etc
(913) 663-5700
11920 College Boulevard
Shawnee Mission, KS
 
Public Storage
(913) 317-9084
11230 Mastin Street
Overland Park, KS
 
Kansas City Cartage
(913) 599-5709
Po Box 12301
Shawnee Mission, KS
 
Clean As A Whistle of Kansas Inc
(913) 338-0038
7015 College Boulevard
Leawood, KS
 
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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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