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Truck Leasing Pros and Cons Watertown 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.

Henry Ira L CO Inc
(920) 261-0648
802 Elm Street
Watertown, WI
 
King Arthur's Industries
(920) 206-1320
N9663 Englehart Road
Watertown, WI
 
Leclaire Packaging Corporation
(920) 206-9902
W1351 Elmwood Avenue
Watertown, WI
 
L & L Custom Moving
(920) 261-3325
1201 Crestview Drive
Watertown, WI
 
Carol's Water Street Realty
(920) 262-8811
112 North Water Street
Watertown, WI
 
U-Haul CO - Independent Dealers- Watertown
(920) 261-6550
1002 South 12th Street
Watertown, WI
 
Badger Wash & Warehouse
(920) 261-0011
1705 Utah Street
Watertown, WI
 
Landstar Ranger
(920) 261-9057
W2215 River Road
Watertown, WI
 
Johnson BROS Enterprises Inc
(920) 699-8074
W3330 Ranch Road
Watertown, WI
 
A-1 Storage
(920) 261-7475
1210 North 4th Street
Watertown, 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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