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Truck Leasing Pros and Cons Shawnee KS

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.

C&H Moving Inc.
(785) 218-6452
Overland Park, KS

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Shamrock Self Storage
(816) 931-4321
6410 Main Street
Shawnee, KS
 
American Surplus Lines Agency
(913) 422-8450
21636 Midland Drive
Shawnee, KS
 
Coleman American Moving Services, Inc.
(913) 631-1440
12905 Shawnee Mission Parkway
Shawnee, KS
 
Coleman American Moving Svcs
(913) 631-1440
12905 Shawnee Mission Parkway
Shawnee Mission, KS
 
Attic Storage
(913) 422-0600
6410 Vista Avenue
Shawnee, KS
 
Storagemart Merriam
(816) 931-4321
6410 Main Street
Shawnee, KS
 
Bender Trucking
(913) 422-7333
20501 West 67th Street
Shawnee Mission, KS
 
Owens Remodeling
(913) 322-2837
6418 Charlotte Street
Shawnee Mission, KS
 
Aubrey David Moving Services
(913) 631-6949
6503 Pflumm Road
Shawnee Mission, KS
 
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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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