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Truck Leasing Pros and Cons Sparks NV

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.

Freeway Moving Delivery & Storage
(775) 826-3880
6780 Sandia Dr
Reno, NV

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Reno Forklift Storage Systems Reno Scales
(775) 329-1384
171 Coney Island Drive
Sparks, NV
Raymond Handling Concepts Corporation
(775) 356-8383
1315 Greg Street Suite 112
Sparks, NV
A-American Self Storage
(775) 355-6814
450 Boxington Way
Sparks, NV
Vista Park Self Storage
(775) 626-3113
2845 Vista Boulevard
Sparks, NV
Freeport Storage
(775) 358-6054
1060 Freeport Boulevard
Sparks, NV
Aussie Self-Storage
(775) 331-6000
30 East Victorian Avenue
Sparks, NV
Bags Etc
(775) 331-2656
450 Coney Island Drive
Sparks, NV
Cooper & Sons Inc Transfer & Storage
(775) 359-1211
911 Linda Way Suite 105
Sparks, NV
Bragg Crane Service
(775) 359-2900
1050 Coney Island Drive
Sparks, NV
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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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