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Heavy Truck Leasing Vs. Heavy Truck Buying

When it comes to the trucking business, there's a lot to consider. Whether or not to own or lease your vehicle is one of the most important things to factor in to your planning. Leasing or buying, you need to consider a few questions before making the choice:

1.       How long are you going to keep the vehicle?

2.       How are taxes involved? Beneficial or not?

3.       What are your financing options for leasing vs. buying?

4.       What are you planning on hauling with the truck?

Once you've considered these questions, you can go on to review the pros and cons of each option. We've decided to help you out a little by listing a few of those pros and cons regarding buying or leasing a semi-truck.


When you buy a commercial truck, you've got full ownership. With that ownership comes equity and the ability to sell the vehicle whenever you'd like. Also, once the truck has been fully paid off, you're free of any monthly payments on the vehicle. It can be traded in for a newer truck when the time comes, saving you some money. Insurance may or may not be lower than those that rent a truck, however it's a possibility, as rentals usually have extra insurance costs affiliated with them.

Conversely, buying a truck can cause some financial setbacks. Down payments are usually required for a large purchase, and depending on risk factors, that down payment price may just rise. Owning your own truck also means more costs in upkeep, as you don't have the lender to fall back on in case of mechanical failure. Storage of your vehicle is something that needs to be considered as well.


Leasing your semi-truck is akin to paying a monthly rent on a house or apartment. You pay your lender on a monthly business for the use of the truck, but you never hold the ownership. There are generally rules and regulations to follow regarding your lease, giving you less control than if you were to buy your own vehicle. Your lease will be set for a specific time period, and your payments should be paid without fail. If you decide to back out of the lease, you'll need to pay a termination fee.

However, on the positive side of leasing, you'll have a lot more flexibility in your trucking. Not needing to come up with a down payment saves you money, and leasing payments are generally a lot less than the financing payments of ownership. Drivers leasing their vehicles can generally claim tax deductions that aren't available for owners. There's less commitment involved with leasing as well; if you're not sure you're going to be trucking for more than a few years, then leasing gives you the ability to just turn in the truck at the end of your lease. If you were to change careers, you wouldn't be stuck with a vehicle that still has payments that need to be made on it.

Making the decision between buying and leasing depends solely upon which option would work best for you. However, if you're not sure where life is going to take you, perhaps leasing is the better option. Once you know where your business and career are headed, then buying should be more probable. Whether or not you're looking to buy or lease a truck, however, we're here to help you. If you have any questions regarding your heavy-trucking business, then feel free to contact us.



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