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Truck Leasing Pros and Cons Pahrump 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.

U-Haul Co
(775) 751-3334
920 Pahrump Valley Blvd
Pahrump, NV
C & L Mini Storage
(775) 727-5141
831 West Wilson Road
Pahrump, NV
Storage Solutions
(775) 537-0456
970 South Highway 160
Pahrump, NV
VIP Mini Storage
(775) 764-1504
P O BOX 2180
Pahrump, NV
Decroff Storage Units
(775) 727-1817
4679 Vicki Ann Road
Pahrump, NV
Thomas Park Mini Storage
(775) 727-3668
950 Ford Loop Road Unit 7
Pahrump, NV
Quick Save Storage & Mini Market
(775) 751-2248
1280 West Highway 372
Pahrump, NV
U-haul Co.
(775) 751-1690
1280 W Highway 372
Pahrump, NV
A-T Mini Storage Plus
(775) 727-5599
3220 Ironwood Avenue
Pahrump, NV
Advantage South Storage
(775) 751-9111
851 South Lola Lane
Pahrump, NV

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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