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Truck Leasing Pros and Cons Richland 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.

Badger Mountain Mini Storage
(509) 627-7153
107515 E Reata Rd
Kennewick, WA
 
Butler Loop Mini Storage
(509) 946-8440
1975 Butler Loop
Richland, WA
 
Bernie's Wellsian Way Mini Storage LLC
(509) 539-6517
101 Wellsian Way Suite D
Richland, WA
 
On-Guard Mini Storage
(509) 946-0088
55 Aaron Drive
Richland, WA
 
Airport Mini-Storage
(509) 946-3855
2008 Butler Loop
Richland, WA
 
Kennewick Transfer & Storage
(509) 736-6440
1523 Fowler Street # A
Richland, WA
 
United Van Lines
(509) 943-9139
220 Wellhouse Loop
Richland, WA
 
Larsen Transfer & Mini-Storage
(509) 943-9139
220 Wellhouse Loop
Richland, WA
 
U-Haul CO
(509) 735-6310
939 Columbia Park Trail
Richland, WA
 
Agent For Allied Van Lines
(509) 736-6683
1100 Columbia Park Trail
Richland, WA
 

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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