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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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Pines Storage
(208) 736-3901
South Washington
Twin Falls, ID
U-Haul CO - Independent Dealers- Twin Falls
(208) 736-4966
152 Blue Lakes Boulevard North
Twin Falls, ID
Truscott Inc
(208) 734-9350
529 Main Avenue West
Twin Falls, ID
Anderson Lumber Company
(208) 733-2910
960 Eastland Dr
Twin Falls, ID
Century 21 Greater Valley Properties Inc
(208) 733-2121
717 Blue Lakes Boulevard North
Twin Falls, ID
Intermountain Sharpening Service
(208) 734-4050
141 Bracken Street South
Twin Falls, ID
Wall Street Records Storage
(208) 732-8595
217 Wall Street
Twin Falls, ID
Superior Chain Inc
(208) 734-3695
1773 Highland Avenue East
Twin Falls, ID
Vacuum Cleaners of Idaho
(208) 733-1028
Blue Lakes & 2nd 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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