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Truck Leasing Pros and Cons South Burlington VT

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.

Action Moving & Storage
(802) 893-1234
359 Jasper Mine Road
Colchester, VT

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Booska Movers Inc
(802) 864-5112
South Burlington, VT
 
Lowell's Bruce Trucking
(802) 655-8129
276 East Allen
Winooski, VT
 
Gagnon Contracting Inc - Office
(802) 864-9123
79 Howard Street
Burlington, VT
 
Kilburn And Gates Storage
(802) 862-4100
316 Pine
Burlington, VT
 
Climate Care Self Storage
(802) 863-6052
400 Patchen Road
South Burlington, VT
 
J & J Jack Of All Trades
(802) 655-1087
26 Main Street
Winooski, VT
 
A B Lawrence Pipe Organ Service
(802) 578-3936
440 Pearl St
Burlington, VT
 
Booska Worldwide Moving & Storage
(802) 864-5115
180 Flynn Avenue
Burlington, VT
 
Excel Transport Services
(802) 878-5996
167 Colchester Road
Essex Junction, VT
 
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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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