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Truck Leasing Pros and Cons Rogers AR

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.

Smurfitstone Container Corporation
(479) 636-7000
2021 South 5th Street
Rogers, AR
 
Stone Container Warehouse
(479) 636-4763
610 West Nursery Road
Rogers, AR
 
A To Z South Storage
(479) 636-0226
2801 South 8th Street
Rogers, AR
 
U-Haul CO - Independent Dealers- Rogers
(479) 621-8148
420 East New Hope Road
Rogers, AR
 
U-Haul Co
(479) 246-0924
2317 S 8th St
Rogers, AR
 
Russell Storage
(479) 636-7385
420 East New Hope Road
Rogers, AR
 
Glass Service CO
(479) 631-9316
220 West New Hope Road
Rogers, AR
 
Propak Logistis
(479) 203-9341
6202 Valley View Road
Rogers, AR
 
Budget Truck Rental
(479) 254-0060
5823 Stoney Brook Road
Rogers, AR
 
C.H. Robinson Worldwide, Inc.
(479) 936-7467
3612 Southern Hills Blvd
Rogers, AR
 

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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