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Truck Leasing Pros and Cons Wausau 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.

Apple Mini Storage
(715) 842-4798
5301 Sherman Street Apt 63
Wausau, WI
 
U-haul Co.
(715) 845-5121
4302 Stewart Ave
Wausau, WI
 
A - Maine Storage
(715) 551-1742
5880 N 35th Ave
Wausau, WI
 
North American Van Lines Agent
(715) 842-4691
1217 South 3rd Avenue
Wausau, WI
 
AAA Wausau Storage
(715) 849-2011
500 North 3rd Avenue
Wausau, WI
 
Graebel Moving & Storage Inc
(715) 341-6080
7333 Stewart Avenue
Wausau, WI
 
North American Van Lines Interstate Agent
(715) 842-4691
1217 South 3rd Avenue
Wausau, WI
 
Bajet Movers
(715) 842-4691
1217 South 3rd Avenue
Wausau, WI
 
Penske Truck Rental
(715) 358-6833
306 Industrial Park Avenue
Wausau, WI
 
Rib Mountain Self Storage
(715) 359-5594
Red Tail Lane
Wausau, 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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