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Truck Leasing Pros and Cons Troutdale OR

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.

Gresham Transfer
(503) 255-7900
24001 Northeast Sandy Boulevard
Troutdale, OR
Bigfoot Billiards
(503) 674-2707
845 Northwest Dunbar Avenue
Troutdale, OR
U-Haul Co
(503) 661-4831
22455 NE Halsey St
Fairview, OR
Five Star Storage Co
(503) 669-8000
20315 Northeast Sandy Boulevard
Fairview, OR
East Winds Industrial Park
(503) 661-7860
21414 Northeast Sandy Boulevard
Fairview, OR
Chinook RV Storage
(503) 661-2345
23000 Northeast Marine Dr
Troutdale, OR
Troutdale Mini Storage
(503) 492-5813
576 Southwest Halsey Street
Troutdale, OR
Whittle Moving
(503) 492-6403
PO Box 845
Fairview, OR
Royal Mini Storage
(503) 667-3211
1500 Northeast 223rd Avenue
Fairview, OR
MOOV Moving
(503) 492-1806
Gresham, OR

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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