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Truck Leasing Pros and Cons Palmer AK

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 - Independent Dealers- Wasilla
(907) 746-3520
7161 East Blue Lupin Drive
Palmer, AK
 
A Affordable Storage
(907) 746-3014
1100 Ellen Street
Palmer, AK
 
Uhaul Co Independent Dealers Wasilla
(907) 745-3645
12556 East Moore Road
Palmer, AK
 
Johns General Contracting
(907) 376-8895
Po Box 878256
Wasilla, AK
 
Uhaul
(907) 357-8428
7751 West Parks Highway
Wasilla, AK
 
Kopperud Transportation Inc
(907) 745-3645
12556 East Moore Road
Palmer, AK
 
U-Haul CO
(907) 746-5818
7745 Wasilla Highway
Palmer, AK
 
Pacific Movers
(907) 373-1949
Matsu Valley
Wasilla, AK
 
A Wasilla Mini Storage
(907) 376-2736
700 Stormy Circle
Wasilla, AK
 
U-Haul CO - Independent Dealers- Wasilla
(907) 357-3014
4621 Palmer Wasilla Highway
Wasilla, AK
 

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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