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Truck Leasing Pros and Cons Saint Ann MO

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.

Place To Place
(314) 993-1339
St. Louis, MO

Data Provided by:
Clean Carton CO Inc
(314) 428-4777
8437 Delport Drive
Saint Louis, MO
A Storage Inn - Lindbergh & Midland
(314) 429-5880
11210 Midland Boulevard
Saint Louis, MO
Agent For Allied Van Lines
(314) 429-3300
1975 Walton Road
Saint Louis, MO
Eddies Guitars Inc
(314) 781-7500
7362 Manchester Road
Saint Louis, MO
B And B American Movingstorage
(314) 427-2334
2242 Wheaton Ave
Saint Louis, MO
Budget Moving And Storage
(314) 428-4007
2242 Wheaton Ave
Saint Louis, MO
Chase Partitions
(314) 644-1180
3250 Walter Avenue
Saint Louis, MO
U-Haul Co
(314) 423-4689
2035 Ashby Rd
Saint Louis, MO
Budget Truck Rental
(314) 752-5886
1600 Woodson Road
Saint Louis, MO
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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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