Leasing Your Own Semi Truck
As with any sort of financing plan, there are pros and cons associated with leasing your truck from a dealer. Leasing a vehicle such as a truck doesn't require the same sort of paperwork, fiscal responsibility or worries as financing the purchase through a bank. FYI - Learn about buying an auto trailer in our Auto Driveaway section. In general, the monthly payment is lower because you're only covering the vehicle's depreciation cost and not paying off the actual purchase price of the truck.
It's important to look at the other side of the coin when leasing though. Because leasing often includes extensive maintenance and service packages, the payment may be larger per month than if the vehicle had been bought outright. It's important to know what your lease payment is actually paying for every month. Many dealers require additional insurance procedures before leasing out vehicles. Higher liability limits as well as lower deductible levels are common when leasing. This may end up raising your insurance premiums.
Depending on your situation, leasing may be the best step to get you behind the wheel of your own truck. But make sure you know all the details and fine print of your lease agreement. You may find yourself in a position that will cost you more to get out of than the truck's worth.