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Truck Leasing Pros and Cons Sherwood 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.

Brandon Moving
(501) 228-5757
10505 Maumelle Blvd.
North Little Rock, AR

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Remount North Storage
(501) 833-6111
11406 Jacksonville Cato Road
North Little Rock, AR
North Hills Mini Storage
(501) 753-0795
208 Fred Rains Drive
Sherwood, AR
Johnson Calvin Mover
(501) 833-2003
204 Carnelian Drive
Sherwood, AR
Arkansas Rv Services And Storage
(501) 835-2124
222 Beth Drive
Jacksonville, AR
Handy Moving And Delivery Service
(501) 833-2003
204 Carnelian Drive
Sherwood, AR
Apple Valley Mini Storage
(501) 834-0330
7920 Highway 107
Sherwood, AR
Extra Closet Self Storage
(501) 835-0608
4100 East Kiehl Avenue
Sherwood, AR
Kent Sutherland Mini-Storage
(501) 834-3533
802 East Kiehl Avenue
Sherwood, AR
Creative Collections
(501) 835-1655
Brookswood & Jan
North Little Rock, AR
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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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