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Truck Leasing Pros and Cons Washington DC

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.

Gibbs Contracting Moving & Storage
(202) 832-5542
1818 New York Avenue, N.E. Suite 210E
Washington, DC

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Henderson'S Moving Service
(703) 671-0134
2709 South Oakland Street
Arlington, VA

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Beltway Movers
(703) 971-3550
6308 Gravel Avenue
Alexandria, VA

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Olympic Line Inc
(202) 628-3288
240 Monarcy Avenue Monrc
Washington, DC
 
Security Moving And Storage United Van Lines
(202) 396-6683
5005 Cook Road
Washington, DC
 
Dan'S Van Lines
(703) 553-0900
2413 South 26Th Road
Arlington, VA

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Abs Moving & Storage, Inc.
(301) 565-8888
2315 Stewart Avenue
Silver Spring, MD

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Flat Rate Moving & Storage
(301) 495-3098
1854 Randolph Rd
Rockville, MD

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A Best Storage Value
(202) 529-5000
Washington, DC
 
U Call We Haul
(202) 291-2202
3712 13th Street NW
Washington, DC
 
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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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