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Truck Leasing Pros and Cons Paola 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.

U-Haul CO - Independent Dealers
(913) 294-5493
31600 Old Kc Road
Paola, KS
 
M And M Mini Storage
(913) 294-4490
13 South Pearl Street
Paola, KS
 
Paola Mini Storage
(913) 294-4324
820 North Pearl Street
Paola, KS
 
Slayman Aluminum Can Recycling
(913) 755-3141
617 Pacific Avenue
Osawatomie, KS
 
Uhaul Co
(913) 755-3365
1020 6th St
Osawatomie, KS
 
Uhaul Co
(913) 294-9067
1012 North Pearl Street
Paola, KS
 
Debrick Truck Line CO
(913) 294-5020
33130 Lone Star Road
Paola, KS
 
Hillsdale Storage
(913) 783-4700
23399 West 255th Stld
Hillsdale, KS
 
U-Stor-It
(913) 755-3141
617 Pacific Avenue
Osawatomie, KS
 
Collectible Artifacts Inc
(913) 837-3767
101 South 11th Street
Louisburg, KS
 

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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