Auto Leasing Guide
Go to now !

Truck Leasing Pros and Cons Wilmington DE

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.

Hopkins And Sons, Inc
(302) 322-1017
1 Bellecor Dr.
New Castle, DE

Data Provided by:
Trent Transport, Inc.
(410) 620-0916
55 Little Elk Creek Rd
Elkton, MD

Data Provided by:
U-Haul CO - Wilmington- Independent Dealers- Newark
(302) 654-6816
2001 Pennsylvania Avenue
Wilmington, DE
Pierce Leahy
(302) 652-3261
1320 Clifford Brown Walk
Wilmington, DE
Ups Store
(302) 661-1665
110 West 9th Street
Wilmington, DE
Bayshore Transportation System, Inc.
(302) 366-0220
901 Dawson Drive
Newark, DE

Data Provided by:
Bruce Realty
(302) 655-8919
1500 Shallcross Avenue
Wilmington, DE
Movers International
(302) 778-1100
106 Lukens Dr
Wilmington, DE
Mary's Furniture
(302) 762-8242
3604 Miller Road
Wilmington, DE
Dans Moving And Delivery Service
(302) 762-8242
3604 Miller Road
Wilmington, DE
Data Provided by:

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...

Click here to read the rest of this article from Lease Guide