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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:
Vanguard Plastics
(314) 428-3020
1780 Belt Way Drive
Saint Louis, MO
 
Cavalier Packaging Company Inc
(314) 645-1722
2628 South Big Bend Boulevard
Saint Louis, MO
 
Agent For Allied Van Lines
(314) 429-3300
1975 Walton Road
Saint Louis, MO
 
Chase Partitions
(314) 644-1180
3250 Walter Avenue
Saint Louis, MO
 
Tuff Shed Inc
(314) 872-7755
8600 Pennell Drive
Saint Louis, MO
 
A Storage Inn - Lindbergh & Midland
(314) 429-5880
11210 Midland Boulevard
Saint Louis, MO
 
Safe Storage Inn
(314) 426-6733
9651 Saint Charles Rock R
Saint Louis, MO
 
Office Moving Incorporated
(314) 429-1670
8495 Mid County Industria
Saint Louis, MO
 
Moving Assistance Center
(314) 423-0091
9537 Lackland 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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