Auto Leasing Guide
Go to now !
» » ยป

Truck Leasing Pros and Cons Pasco WA

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.

AMC Internet Consultants
(509) 545-0772
912 West Margaret
Pasco, WA
Security Mini Storage
(509) 544-0474
124 South Road 28
Pasco, WA
Able Tank & Toilet Columbia Basin LLC
(509) 547-2476
2021 North Commercial Avenue
Pasco, WA
North American Van Lines Agent
(509) 547-0528
2440 East Ainsworth Street
Pasco, WA
First Storage-Portable
(509) 547-2363
Po Box 3281
Pasco, WA
Discount Vacuum
(509) 547-6531
1108 West Sylvester Street
Pasco, WA
Hooks Crane Service
(509) 547-5852
239 Clearview Road
Pasco, WA
Mor-Stor Mini Storages
(509) 545-6785
1416 Road 68
Pasco, WA
Bekins Records Center
(509) 547-9789
2901 West Irving
Pasco, WA
Air Van North American
(509) 547-0528
Big Pasco Industrial
Pasco, WA

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...

Click here to read the rest of this article from Lease Guide