Auto Leasing Guide
Go to LeaseGuide.com now !

Truck Leasing Pros and Cons Rochester MI

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.

U-Haul CO - Independent Dealers- Rochester
(248) 652-7867
300 East University Drive
Rochester, MI
 
The Ups Store
(248) 852-3780
2939 South Rochester Road
Rochester Hills, MI
 
White Star Movers Inc
(734) 422-2333
3140 Longview Avenue
Rochester Hills, MI
 
The Ups Store - Rochester
(248) 656-2106
145 South Livernois Road
Rochester, MI
 
Moving With Janet Inc
(248) 537-6683
1956 Star Batt Drive
Rochester Hills, MI
 
Rochester Mini Storage Inc
(248) 651-3200
1790 South Livernois Road Suite 111
Rochester Hills, MI
 
Mail Boxes Etc - Rochester
(248) 656-2106
145 South Livernois Road
Rochester, MI
 
Century 21 Associatesrelocation Service
(248) 299-0775
2700 South Rochester Road
Rochester Hills, MI
 
J L Excavating
(248) 652-2016
1081 East Tienken Road
Rochester, MI
 
Shurgard Selfstorage
(248) 853-2700
1920 Enterprise Drive
Rochester Hills, MI
 

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...

Click here to read the rest of this article from Lease Guide