Top 5 Reasons to Lease Your Next Truck

It's important to understand all the options when purchasing a truck. For some businesses, leasing may be the best option.

1. Conserve your credit line. Use the Idealease line of credit and conserve your credit lines for revenue producing assets. With a full-service equity lease, no capital outlay is required and there is no down payment of any kind! You can even lower your monthly payment by trading your existing vehicles to Idealease.

2. Receive priority service to maximize uptime. Thompson Idealease is part of a large network of Idealease locations. Your vehicle will receive immediate service in dedicated service bays, not just at the 6 Thompson locations (Davenport, Dubuque, Cedar Rapids, Decorah, Waterloo, and Sterling, IL) but at over 430 Idealease locations across the country.

3. Fixed and guaranteed maintenance costs. The comprehensive maintenance program includes all predictable maintenance parts and labor and all predictable tire repair and replacement. Get the lowest life cycle costs on a consistent monthly basis. PLUS take advantage of other support services – including 24/7 Roadside assistance, safety and compliance services, etc.

4. You can retain vehicle ownership. If you need to own your own vehicle for tax reasons, a full-service equity lease is a great option. With this option, you retain vehicle ownership and benefit from IRS accelerated tax depreciation rules.

5. End of term options. When the final equity payment is made, the vehicle title is transferred to you. At the end of the term, you may trade the vehicle and replace it with a new truck or tractor.

Overall, a full-service equity lease gives you the best of both worlds - the benefits of tax ownership with the convenience and support of a full-service lease. Are you convinced yet? Have more questions?