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Truck Leasing Pros and Cons Saint Paul MN

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.

Good Stuff Moving
(651) 488-1902
635 Larpenteur Avenue
Roseville, MN

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Mohawk Moving Storage - Eagen Office
(651) 452-3566
Saint Paul, MN
 
Public Storage
(651) 227-2700
246 Eaton Street
Saint Paul, MN
 
Atlas Van Lines
(651) 222-2112
12400 Washburn Avenue South
Saint Paul, MN
 
Harco Moving & Storage Inc
(651) 639-1431
Saint Paul, MN
 
Cedar Van Moving & Distributor Inc
(651) 659-0212
Saint Paul, MN
 
Americraft Carton Inc
(651) 227-6655
403 Fillmore Avenue East
Saint Paul, MN
 
Max Realty 100 Incpatti Schmidt Gri
(651) 452-2300
2795 Hwy 55
Eagan, MN
 
A & M Moving & Storge CO Inc
(651) 451-6432
Saint Paul, MN
 
Uhaul Co.
(651) 776-9949
844 Payne Ave
Saint Paul, MN
 
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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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