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Truck Leasing Pros and Cons Parkersburg WV

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.

WV Avenue Mini Storage
(304) 422-2995
601 West Virginia Avenue
Parkersburg, WV
Truck & Trailer Service Center of Parkersburg
(304) 485-3853
504 29th Street
Parkersburg, WV
Murdoch Storage
(304) 424-7440
3417 Murdoch Ave
Parkersburg, WV
Southside Moving & Storage
(304) 485-6220
1500 Blizzard Drive
Parkersburg, WV
U-Haul CO - Independent Dealers- Parkersburg
(304) 295-9450
Rosemar Road
Parkersburg, WV
Mini Storage Of Belpre
(304) 422-5560
4403 Packard St.
Parkersburg, WV
Unistrut Charleston DIV of Jefferds Corporation
(304) 422-6491
514 29th Street
Parkersburg, WV
(304) 422-5461
3001 Gateman Drive
Parkersburg, WV
North End Storage
(304) 422-9292
357 Old Saint Marys Pike
Parkersburg, WV
J C Bosley Construction Inc
(304) 422-0025
1 Bosley Avenue
Parkersburg, WV

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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