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Truck Leasing Pros and Cons Puyallup 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.

Ed'S Moving & Storage
(253) 581-2446
11104 26Th Avenue South
Tacoma, WA

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Emerald Heated Mini Storage
(253) 445-8807
16707 110th Avenue East
Puyallup, WA
Firgrove Self Storage
(253) 841-1400
16820 Meridian East
Puyallup, WA
A Safe Land Storage
(253) 531-8000
13015 Canyon Road East
Puyallup, WA
Budget Truck Rental
(253) 841-0877
1401 North Meridian
Puyallup, WA
Mountain View Self Storage
(253) 845-1375
11108 State Route 162 East
Puyallup, WA
Pace Mini-Storage CO
(253) 848-8644
1401 North Meridian
Puyallup, WA
Boush Moving & Storage
(253) 845-8820
820 4th Street Northwest
Puyallup, WA
Budget Truck Rental
(253) 537-8437
10915 Canyon Road East
Puyallup, WA
Friends And Family Moving & Storage
(253) 627-6683
Puyallup, 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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