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Truck Leasing Pros and Cons Pendleton OR

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.

Mountain View Mini Storage
(541) 276-1041
1375 Southeast 3rd Street
Pendleton, OR
 
Blue Mountain Mini Storage
(541) 276-3836
Po Box 1943
Pendleton, OR
 
Ac Mini Storage & RV Park
(541) 278-1731
2255 Southeast Court Avenue
Pendleton, OR
 
U-haul Co.
(541) 276-0353
1008 SE Court Pl
Pendleton, OR
 
Western Call Jeff Radiator Inc
(541) 276-6468
1008 Southeast Court Place
Pendleton, OR
 
Haslam Auto Sales
(541) 276-4243
500 Southeast Court Avenue
Pendleton, OR
 
Larsen Transfer Co
(541) 276-3111
524 SW 12th St
Pendleton, OR
 
Airport Mini-Storage
(541) 276-4261
4400 Northwest A Avenue
Pendleton, OR
 
McLaughlin Landscaping
(541) 276-5945
1160 Tutuilla Road
Pendleton, OR
 
Yellow Mini Storage
(541) 276-5155
408 Southwest 9th Street
Pendleton, OR
 

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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