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Truck Leasing Pros and Cons Reno NV

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.

Freeway Moving Delivery & Storage
(775) 826-3880
6780 Sandia Dr
Reno, NV

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Dickson Realty
(775) 746-7000
Caughlin
Reno, NV
 
Colonial Van & Storage Inc
(775) 352-8000
150 South Stanford Avenue
Reno, NV
 
Stevens Worldwide Van Lines
(775) 359-1211
911 Linda Way Unit UNIT
Reno, NV
 
Spanish Springs Mini Storage
(775) 626-7272
1451 Iratcabal Circle
Reno, NV
 
Cooper & Sons Inc
(775) 359-1211
911 Linda Way Suite STE
Reno, NV
 
Washoe Valley Storage
(775) 849-3433
205 Highway 395 South
Reno, NV
 
New World Inc
(775) 334-3700
Reno, NV
 
ABF U-Pack Moving
(702) 322-5053
240 Evans Avenue
Reno, NV
 
Carrier Moving
(775) 825-6683
Reno, NV
 
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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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