Should I Finance or Lease My Next Work Truck?

At Surgenor Truck Group, we work hard to create competitive financing and lease programs that fit your business’s needs. Our finance experts understand that every situation is unique and we’re here to help you figure out what solution might best fit your business.

Some factors to consider include:  

How many kilometers do you drive each year? Leases often come with caps on the number of kilometers that vary by lease type and structure.  

How long do you plan to keep your truck? If you want to update your truck routinely, leases allow an easy avenue to do so. If you plan on keeping your truck for an extended time, purchasing it might be a better option. 

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What is your budget for monthly payments? This, combined with special offers or discounts, will help determine whether a loan or lease would best suit your needs. 

Advantages to Finance and Lease Options

There are advantages to both purchasing and leasing your next commercial truck, whether you’re considering an Isuzu, Mack or Volvo, with no one-size-fits-all approach.



Flexibility to get what you really want. A lease allows room for growth and you can drive a newer vehicle more often.

At the end of your loan contract you own the vehicle. A loan is ideal for high mileage or severe duty applications.

Monthly payments are typically lower than loans because you only pay for the portion of the truck value used during your lease. You pay for the vehicle as it pays for itself–through use.

You build future equity and have greater asset management control. You are free to modify, trade-in or sell your vehicle on your terms. Isuzu trucks command a high resale value.

At the end of your lease contract, you have flexibility to buy the vehicle or return it to the dealer, as well as exchange or refinance.

There is no limit on the number of miles you drive.

Because money is not borrowed when you lease, your working capital and business credit line are still available for your company’s growth.

A loan provides the means for you to conserve cash by paying the balance over time.


Frequently Asked Questions

What’s the difference between financing and leasing?

The primary difference between financing and leasing is ownership. With a lease agreement, your commercial truck will be returned to Surgenor Truck Group at the end of the contract, and your payments cover the depreciation of the car’s value. With finance agreements, payments go toward owning the car, with 100% equity at the end of the loan.

Which is more cost effective?

Loan payments are generally more than lease payments because you’re covering the entire value of the truck rather than residual value (value after the lease term is completed). While lease payments may be less, the overall cost of leasing is likely higher than the cost of owning the vehicle.

What other fees are associated with leases?

In addition to kilometer restrictions, you can usually expect other stipulations for things like early termination and wear and tear charges. Ensure you understand lease details before deciding to take on this type of agreement.

Contact us about finance and lease options available when you buy a new truck whether it’s an Isuzu, Volvo or Mack.