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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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U-haul Co.
(775) 359-6272
1210 Kleppe Ln
Sparks, NV
 
Security Storage
(775) 359-3641
355 East Greg Street
Sparks, NV
 
Stevens Worldwide Van Lines
(775) 359-1211
911 Linda Way Suite 105
Sparks, NV
 
Freeport Storage
(775) 358-6054
1060 Freeport Boulevard
Sparks, NV
 
Legends Inc
(775) 786-3003
988 Packer Way
Sparks, NV
 
The Box Store - Sparks
(775) 355-1971
100 East Glendale Avenue
Sparks, NV
 
Nevada Shipping Supplies
(775) 355-0233
1205 Industrial Way
Sparks, NV
 
Allied Van Lines Inc
(775) 352-8000
150 South Stanford Way
Sparks, NV
 
Rivers Edge RV Park
(775) 358-8533
1405 South Rock Boulevard
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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