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Truck Leasing Pros and Cons Poulsbo 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.

Eastside Action Moving Co Inc
(206) 706-9802
9792 Edmonds Way Suite 113
Edmonds, WA

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U-haul Co.
(360) 297-2167
5901 NE Minder Rd
Poulsbo, WA
 
North Kitsap Self Storage
(360) 598-3504
16031 State Highway 305 Northeast
Poulsbo, WA
 
U-Haul
(360) 779-1776
541 Northeast Bernt Road
Poulsbo, WA
 
Heated Storage at Little Valleyrelible Strge Cmpny
(360) 779-7755
1080 Northeast Forest Rock Lane
Poulsbo, WA
 
Hill Worldwide Moving Services
(360) 697-3969
26394 Northwest Pioneer Way
Poulsbo, WA
 
Bayside Heated Storage
(360) 779-0511
20301 Bond Road Northeast
Poulsbo, WA
 
Hill Records Management
(360) 697-9118
26394 Northwest Pioneer Way
Poulsbo, WA
 
Ameritrans International Inc
(360) 779-7708
20301 Bond Road Northeast
Poulsbo, WA
 
Pro-Guard Self Storage
(360) 697-7368
20554 Little Valley Road Northeast
Poulsbo, WA
 
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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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