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Truck Leasing Pros and Cons Pasadena TX

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.

B & S Moving & Delivery
(281) 991-0113
2626 East Sam Houston Parkway
Pasadena, TX
 
A-American Self Storage
(713) 944-1382
10620 Almeda Genoa Road
Pasadena, TX
 
Budget Truck Rental
(713) 436-6596
9809 Broadway
Pasadena, TX
 
Action Piano Movers
(713) 644-7700
1706 Strawberry Road Suite 300
Pasadena, TX
 
Markey Trucking
(713) 475-0990
2606 Pasadena Blvd
Pasadena, TX
 
American Storage
(281) 487-3000
6045 Fairmont Parkway
Pasadena, TX
 
Able Movers
(281) 487-2113
6209 Spencer Hwy
Pasadena, TX
 
Dotson Moving & Storage
(713) 943-3838
1730 Preston Avenue Suite D
Pasadena, TX
 
A-N-C RV Storage
(713) 910-7844
2906 Shaver Street
Pasadena, TX
 
Baker Brothers
(713) 944-5674
4510 Allen Genoa Road
Pasadena, TX
 

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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