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Truck Leasing Pros and Cons West Des Moines IA

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.

Smoldt Moving & Storage Inc
(515) 270-8474
4069 121 St
Urbandale, IA

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Allied Van Lines Agent
(515) 225-6464
1800 Industrial Circle
West Des Moines, IA
 
Ace Moving & Storage, Inc.
(515) 225-6464
1800 Industrial Circle
West Des Moines, IA
 
Ace Moving And Storage Inc
(515) 225-6464
1800 Industrial Circle
West Des Moines, IA
 
Crescent Ridge Mini Storage
(515) 224-4313
714 42nd Street
West Des Moines, IA
 
Brees Don M
(515) 224-4313
714 42nd Street
West Des Moines, IA
 
M And W Mini Storage
(515) 225-8139
2001 Grand Avenue
West Des Moines, IA
 
Superior Construction Inc
(515) 224-4313
714 42nd Street
West Des Moines, IA
 
The Ups Store
(515) 225-1066
3775 Ep True Parkway
West Des Moines, IA
 
Budget Storage
(515) 225-2003
125 South 13th Street
West Des Moines, IA
 
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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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