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Truck Leasing Pros and Cons Wahiawa HI

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.

Island Movers, Inc.
(808) 832-4000
Pier 42, P.O. Box 17865
Honolulu, HI

Data Provided by:
Crown Relocations
(808) 625-4520
600 Kahelu Avenue
Mililani, HI
 
Crown Records Management
(808) 625-4520
600 Kahelu Avenue
Mililani, HI
 
Extraspace Self Storage
(808) 671-5553
94-155 Leoole Street
Waipahu, HI
 
Public Storage - Storage Locations- Waipio
(808) 677-7867
94-559 Ukee Street
Waipahu, HI
 
Uhaul Co
(808) 624-8237
Bldg 79 Schofield Bks
Wahiawa, HI
 
Crown Pacific
(808) 625-4520
Mililani, HI
 
Shokai Pacific Plastic Bags
(808) 671-7383
Po Box 971379
Waipahu, HI
 
Public Storage Storage Locations Waipio
(808) 677-7007
94 515 Unit 208
Waipahu, HI
 
1 Stop Gps
(808) 688-1500
Royal Kunia
Waipahu, HI
 
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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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