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Truck Leasing Pros and Cons Wheat Ridge CO

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.

Flatirons Moving And Storage, Inc.
(303) 499-1151
6395 Gunpark Dr. Unit E
Boulder, CO

Data Provided by:
Citywide Movers
(303) 238-0773
4800 Wadsworth Blvd.
Wheat Ridge, CO
 
Public Storage Storage Locations Wheat Ridge
(303) 432-7310
4775 Harlan Street
Wheat Ridge, CO
 
Ward Road Storage
(303) 940-1523
5025 Ward Road
Wheat Ridge, CO
 
Public Storage - Storage Locations- Wheat Ridge
(303) 431-0191
12351 West 44th Avenue
Wheat Ridge, CO
 
U-Haul CO - Independent Dealers- Wheat Ridge
(303) 421-4130
10991 West 44th Avenue
Wheat Ridge, CO
 
Teds Heavy Haul Inc
(303) 420-2579
4660 Otis Street
Wheat Ridge, CO
 
New World Van Lines
(303) 420-4150
4950 Oak Street
Wheat Ridge, CO
 
Public Storage
(303) 432-8643
11901 West 44th Avenue
Wheat Ridge, CO
 
Inland Container Corporation
(303) 422-7700
5000 Oak Street
Wheat Ridge, CO
 
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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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