EGP

Truck Lease vs. Buy

Equity Growth Partners

A lease payment and a loan payment are not the same thing, and neither is the whole cost. Lay both out over the years you will actually run the truck, including what it is worth when you are done, and let the cash flow decide.

Buy (finance)

Owned trucks carry the full repair bill after warranty.

Lease

Lower if the lease is full-service; set 0 if maintenance is included.

Horizon & Tax

Discount rate for NPV. What your money earns elsewhere or costs to borrow.

For the after-tax view. Lease payments deduct as paid; a purchase deducts through depreciation, modeled here as straight-line over the holding period plus interest.

Total Cost Over the Holding Period

Advantage
$0
Buy: Net Cost
0
payments + maintenance - resale
Lease: Net Cost
0
payments + fees + maintenance + buyout
Loan Payment / mo
0
Equity at End (buy)
0
resale value less loan balance

Cash Flow, NPV & After-Tax View Pro

Open the year-by-year cash flow for both paths, net present value at your cost of capital, the after-tax comparison, the resale value at which the decision flips, and a printable summary for your lender or your partner.

Part of EGP Tools Pro. Free 7-day trial.

Cash Flow by Year

YearBuy: Cash OutLease: Cash OutDifference
NPV of Buying
0
NPV of Leasing
0
After-Tax Cost, Buy
0
After-Tax Cost, Lease
0
Resale Value Where It Flips
0
buy wins above this, on NPV
Total Loan Interest
0

Trucking numbers that need a professional back office?

ProCFO Business & Tax Services, an Equity Growth Partners company, handles bookkeeping, IFTA, and tax strategy for owner-operators and small fleets, and our automation division builds the dispatch and follow-up systems behind them.

Book a Consultation