Best Truck Lease Deals $0 Down (2024)

FAQs

Is leasing a truck ever a good idea? ›

Leasing can be a great option for fleet owners who want more flexibility, access to newer vehicles, and worry-free maintenance coverage. However, it's important to weigh the pros and cons carefully and consider your specific needs and goals before choosing between leasing and buying a vehicle.

Avoiding sales tax can be incredibly beneficial to your car purchase, but it's only possible in some states. Alaska, Montana, Oregon, Delaware, and New Hampshire have no statewide sales tax. You'll note that these states also generally correspond to the states with the lowest unexpected fees.

For the best shot of being approved for favorable lease terms, you should have a credit score of at least 700. Some companies may be willing to lease to you with a lower credit score, depending on the cost of vehicle, down payment, and other credit or contract terms.

24-month leases may offer additional flexibility, but most shoppers will find they cost a lot more money when it comes to monthly payments. If your priority is monthly affordability and getting more for your money, you'll probably find a 36-month contract to be a smarter choice.

For the past few years, the factories cut incentives on leasing during the worst of the pandemic, and then during a shortage of computer chips used in auto manufacturing. With low supply and high demand, there just wasn't much need to offer discounts on leasing, or loans for that matter.

The average length of a car lease is 24 to 36 months. How long you lease a car will affect your monthly costs and mileage allowance. Longer leases usually qualify borrowers for cheaper monthly payments. You also want to choose a lease period that fits your lifestyle.

Toyota received Overall Best Resale Value award for the seventh time in eight years with five total category wins. The 2024 Toyota Tundra full-size pickup truck has a resale value of 60.4%.

Pros of lease purchase trucking

The biggest advantage is that you get access to a new, high-quality truck at an affordable price without having to buy one outright. Without a lease purchase agreement, many owner operators are limited to used vehicles, many of which require extensive maintenance.

Leasing reduces maintenance and repair expenses.

The longer you own a truck, the higher maintenance and repair costs will be. This includes givens like tires, oil changes and routine inspections. A full-service lease will cover maintenance and repairs at predictable monthly costs.

By leasing a commercial truck, you can obtain better profits for your business since your monthly payments are lower. As a result, you get to keep more money in your company's bank account. Furthermore, when there's less paperwork to do, you can have more time to devote to your business.

Is leasing good if you drive a lot? ›

However, that's not always the case. In fact, many high-mileage drivers would actually be better off leasing rather than purchasing. Both dealerships and independent leasing companies often offer higher mileage leasing options that may better suit your needs.