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Truck Leasing Pros and Cons Xenia OH

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.

TDL Self Storage
(937) 372-6759
1268 S Patton St
Xenia, OH
C & S Locker & Storage
(937) 374-0422
134 Washington Street
Xenia, OH
Gerdes Turf Farms Inc
(937) 426-4489
1441 Upper Bellbrook Road
Xenia, OH
Carona Center Store & Lock
(937) 372-5421
1416 North Detroit Street
Xenia, OH
National Carton & Coating
(937) 372-8001
1439 Lavelle Drive
Xenia, OH
Home Run Inc
(937) 376-4316
1299 Lavelle Drive
Xenia, OH
Fugate Sam Moving
(937) 376-4883
3919 Rockfield Drive
Xenia, OH
G M Cake Candy & Collectibles
(937) 372-3205
1348 South Detroit Street
Xenia, OH
American Self Storage
(937) 372-9200
1900 Bellbrook Avenue
Xenia, OH
Electronic Transport Inc
(937) 429-9928
810 North Orchard Lane
Dayton, OH

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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