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Truck Leasing Pros and Cons Portland 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.

Baxter's Piano Express
(503) 235-2629
109 Southeast Alder Street
Portland, OR
Towne Storage
(503) 236-8298
17 Southeast 3rd Avenue
Portland, OR
B & O Commerce Center
(503) 232-4181
107 Southeast Washington Street
Portland, OR
Michelle's Piano and Organ CO - Downtown
(503) 295-1180
530 Southwest 5th Avenue
Portland, OR
Krueger's Supply
(503) 233-7791
720 Southeast Sandy Boulevard
Portland, OR
West Coast Piano Moving
(503) 234-2226
310 Southeast 6th Avenue
Portland, OR
Move it or Lose it - Agent For Moving Labor Services, Inc.
(888) 874-8059
Portland, OR
A-1 Mini Storage
(503) 232-5200
615 Southeast Main Street
Portland, OR
Michelle's Piano Moving CO
(503) 464-9972
530 Southwest 5th Avenue
Portland, OR
Classic Van Lines
(503) 287-2800
2881 NE Argyle
Portland, 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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