We are Idealease of El Paso and we are here to help with all your rental and lease needs. Whether it is a long term lease or short term rental you can count on our team to make sure you are back on the road getting the job done. Let us find your perfect match with our diverse fleet of vehicles! Ask us about our maintence plans that can save you time and money on the road.

Truck Lease vs Buying a Truck

When it comes to buying or leasing a truck the options can be confusing. To help you make an informed decision we have provided the information below. We hope you find it informative and useful.

Maintenance

For our customers who choose to own their own equipment, IDEALEASE provides contract maintenance services.   Idealease schedules preventative maintenance intervals, tracks repair history, and performs all normal maintenace for the lenght of the contract. All maintenance is performed at Idealease Priority Service Locations meanig the customer never has to wait in line for repairs. Guided to special bays as soon as they reach the facility eliminates costly down-time normally associated with most repair facilities.

Looking to Rent?

Idealease of El Paso offers you the highest standard of personalized customer service!

In today's tough business environment, you've got to be ready to deal with the unexpected.

Rental Trucks are a flexible and appropriate solution to your immediate vehicle needs. Idealease of El Paso provides cost-effective solutions to our customers who need the right truck at the right time.





When you buy the new or used truck you pay for the entire cost of the vehicle. When you lease the new or used truck, you pay for only a portion of the vehicle's cost, which is the part you use during the time you are driving it.

Buying

Leasing

Who Owns It

Whether you pay for the truck with cash, or finance it and make monthly payments, either way it's yours. Of course, if you're financing it, you'll have to meet the obligations the lender requires, like a certain down payment amount and timely monthly payments. If you don't, they have the right to repossess it.

Who Owns It

You do not own the truck when you lease. You're paying for the use of the vehicle, but the finance institution that you leased it through actually owns it. This is usually why you pay less per month in a lease than if you were to buy the truck.

Up-front Costs

If you're financing it, the bank will probably request a down payment. You can also trade-in another vehicle and use any equity towards your down payment. The amount of the down payment is usually based on the lender's requirements and your credit score.

Up-front Costs

Leases often do not require any type of a down payment. All you usually have to pay is the first month's payment, a security deposit, the acquisition fee and other fees and taxes. But, as with a purchase, if you want to lower your monthly payments you can always pay more upfront.

Future Value

Your vehicle will be worth whatever you can sell it for in the future and that depends on how well you maintain it. (Be smart and protect your investment with regular scheduled maintenance by a factory-authorized facility!)

Future Value

In most leases you don't end up owning it so you don't end up selling it. That's the financial institution's job. Although you may have mileage limits and wear and tear guidelines that, if you exceed them, could cost you extra money when you turn your vehicle back in.

End of Payments

Once you've paid off what you owe on your contract, that's it. Your vehicle is 100% yours. The lending institution will send you a Lien Release as proof that the vehicle is completely paid off and all yours.

End of Payments

Most people return the vehicle at the end of the lease term. But some like to purchase it during their lease or at the end. Others like to trade it in before their lease is over. Just ask us about these different options before signing any paperwork and we'll make sure you have your lease set up the way you want it.