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Truck Leasing Pros and Cons Stillwater MN

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.

Good Stuff Moving
(651) 488-1902
635 Larpenteur Avenue
Roseville, MN

Data Provided by:
Charlsen Trucking Service Inc
(651) 439-2115
1030 4th Avenue South
Stillwater, MN
 
Secure Mini Storage Stillwater
(651) 439-2115
1030 4th Avenue South
Stillwater, MN
 
Action Rental Ministorage
(651) 439-6592
14575 61st Street Court North
Stillwater, MN
 
8940 Siverson Storage
(651) 714-9199
8940 15th Street North
Lake Elmo, MN
 
Uhaul Co.
(651) 439-0154
225 Main St N
Stillwater, MN
 
Secure Mini Storage - Stillwater
(651) 439-0250
5710 Memorial Avenue North
Stillwater, MN
 
Action Party Rental
(651) 439-6592
14575 61st Street Court North
Stillwater, MN
 
Badger State Storage
(715) 549-5200
1418 Main Street
Houlton, WI
 
Barrel Man Inc
(651) 739-2050
9120 Hudson Boulevard North
Lake Elmo, MN
 
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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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