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Truck Leasing Pros and Cons Twin Falls ID

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.

Black Diamond Moving & Storage
(307) 739-8553
615 Elk Ave. Suite B
Jackson, WY

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Magic Valley Towing
(208) 734-6138
252 Hankins Road
Twin Falls, ID
 
Allrite Siding
(208) 732-0967
604 Main Avenue South
Twin Falls, ID
 
Uhaul Center Of Twin Falls
(208) 735-0075
1757 Kimberly Rd
Twin Falls, ID
 
Oregon Trail Storage
(208) 734-5595
471 South Park Avenue West
Twin Falls, ID
 
Anderson Lumber Company
(208) 733-2910
960 Eastland Dr
Twin Falls, ID
 
Superior Chain Inc
(208) 734-3695
1773 Highland Avenue East
Twin Falls, ID
 
Ford Transfer & Storage
(208) 733-5274
217 Wall Avenue
Twin Falls, ID
 
Vault Storage
(208) 736-9919
639 Washington Street North
Twin Falls, ID
 
Circle A Construction
(208) 734-5533
212 Highland Avenue
Twin Falls, ID
 
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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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