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Truck Leasing Pros and Cons Parker CO

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.

Proactive Movers, Inc
(303) 537-9430
1670 Jasper Street
Aurora, CO

Data Provided by:
Front Range Movers of Colo Inc
(303) 364-6600
8374 North Piney Creek Road
Parker, CO
 
Budget Truck Rental
(720) 851-9527
18455 Pony Express Drive
Parker, CO
 
Front Range Movers Of Colo
(303) 364-6600
8374 North Piney Creek Road
Parker, CO
 
Pony Express Mini Storage
(303) 805-3627
18455 Pony Express Drive
Parker, CO
 
Outdoor Storage
(303) 680-9300
Motsenbocker Road
Parker, CO
 
Parker Moving And Storage
(303) 690-2491
17900 Cottonwood Drive
Parker, CO
 
Abacus Moving & Storage
(303) 805-7204
651 West Beverly Street
Parker, CO
 
MBE 1548
(303) 841-8483
10940 South Parker Road
Parker, CO
 
The Ups Store
(303) 841-0919
17011 Lincoln Avenue
Parker, CO
 
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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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