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Truck Leasing Pros and Cons Two Rivers 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.

U-haul Co.
(920) 682-4386
525 All American Dr
Francis Creek, WI
 
Trail's End Mini Storage
(920) 682-0050
2406 Johnston Drive
Manitowoc, WI
 
U-Haul CO - Independent Dealers- Manitowoc
(920) 684-7440
204 North 10th Street
Manitowoc, WI
 
Schlei Dray Line Inc-United Van Lines Agent
(920) 684-6675
836 South 20th Street
Manitowoc, WI
 
Witco Systems
(920) 682-6159
1944 South 23rd Street
Manitowoc, WI
 
Precision Machine Works Inc
(920) 682-5236
5406 County Road R
Manitowoc, WI
 
Manitowoc Disposal & Recycling
(920) 682-7750
1800 Johnston Drive
Manitowoc, WI
 
Realon
(920) 684-3232
940 Maritime Drive
Manitowoc, WI
 
Cleveland Storage LLC
(920) 682-5236
1077 Maple Street
Manitowoc, WI
 
A & R Mini-Storage
(920) 684-1605
3008 South 26th Street
Manitowoc, WI
 

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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