Auto Leasing Guide
Go to now !

Truck Leasing Pros and Cons Springville UT

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.

Watch Dog Self Storage
(801) 489-1077
111 West 1060 North
Springville, UT
Spring Creek Storage
(801) 400-1086
205 West 1400 North
Springville, UT
Parker Tim
(801) 491-9151
2310 South State Street
Springville, UT
Countryside Self Storage
(801) 489-9395
715 North Main Street
Springville, UT
Art City Storage
(801) 489-6604
220 West 900 North
Springville, UT
Envision Development
(801) 489-0750
1220 North Main Street Suite 2
Springville, UT
Bird Storage
(801) 489-6285
936 South 50 West
Springville, UT
Budget Truck Rental - Truck Rental Reservations
(801) 489-0853
179 West 900 North
Springville, UT
Allsize Storage
(801) 489-0744
1190 North Main Street Suite 11
Springville, UT
Hillside Storage
(801) 491-6600
668 South Alvey Drive
Mapleton, UT

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...

Click here to read the rest of this article from Lease Guide