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Truck Leasing Pros and Cons Prineville 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.

Galloway Gary Electric
(541) 447-5463
Po Box 431
Prineville, OR
Freeman's Storage
(541) 447-3199
940 Northwest Madras Highway
Prineville, OR
High Desert RV & Auto Repair
(541) 416-0169
1450 Northwest Gardner Road
Prineville, OR
Stinger Transport
(541) 447-3085
2390 Northwest Lieser Lane
Prineville, OR
Smaf Environmental
(541) 447-5643
Po Box 672
Prineville, OR
Prineville Mini-Storage
(541) 416-9107
1222 Northwest Madras Highway
Prineville, OR
Ochoco Mini Storage
(541) 447-3768
2521 Northeast 3rd Street
Prineville, OR
A To Z Storage
(541) 447-3006
2048 Northeast 3rd Street
Prineville, OR
Mail Boxes Etc
(541) 416-0228
Ochoco Plaza
Prineville, OR
Prineville Self Storage
(541) 447-1121
1350 Northwest Harwood Avenue
Prineville, 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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