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Truck Leasing Pros and Cons Sun Prairie WI

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.

Mad City Moving
(608) 274-9855
2825 Perry St.
Madison, WI

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Holly Storage
(608) 837-9121
555 Progress Way
Sun Prairie, WI
 
A Storage
(608) 837-5113
641 West Main Street
Sun Prairie, WI
 
All U-Store Mini-Storage & Small Offices
(608) 837-5881
1812 Peacock Court
Sun Prairie, WI
 
Sun Country Storage LLC
(608) 834-0531
5500 County Road North
Sun Prairie, WI
 
Bristol Quik Mart
(608) 834-4317
1831 County Road V
Sun Prairie, WI
 
Capital City Transfer Inc
(608) 257-0533
Madison, WI
 
Heritage Business Park & Self Service Storage
(608) 837-0440
2273 McCoy Road
Sun Prairie, WI
 
Conrad Real Estate Services LLC
(608) 837-9612
1026 West Main Street
Sun Prairie, WI
 
Independent Service Corporation
(608) 825-3185
3132 Bailey Road
Sun Prairie, WI
 
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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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