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Truck Leasing Pros and Cons Shirley NY

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.

Village Tire And Storage
(631) 281-1133
648 Montauk Hwy
Shirley, NY
 
Budget Truck Rental
(631) 395-5884
645 William Floyd Parkway
Shirley, NY
 
Secure Self Storage
(631) 758-6666
257 Waverly Avenue
Patchogue, NY
 
A Problem Solver
(631) 286-5471
76 Mercury Avenue
Patchogue, NY
 
A A A Secure Self Storage
(631) 758-6666
257 Waverly Avenue
Patchogue, NY
 
I Haul Moving Services Inc
(631) 395-2549
292 Decatur Avenue
Shirley, NY
 
Storage Depot
(631) 395-7014
Montauk Highway & Smith
Shirley, NY
 
All Piano Services
(631) 475-5487
1 East Shore Drive
Patchogue, NY
 
Public Storage - Storage
(631) 363-6660
601 North Service Road
Patchogue, NY
 
Public Storage
(631) 475-5491
601 North Service Road
Patchogue, NY
 

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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