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Truck Leasing Pros and Cons Albany GA

A truck lease offers cost advantages for personal use, as well as tax and accounting advantages for business owners. Learn the difference between personal and commercial truck leasing.

North American Van Lines Agent
(229) 432-9119
913 West Roosevelt Avenue
Albany, GA
 
River Point Storage
(229) 432-0105
1006 Philema Road
Albany, GA
 
South Slappy Ministorage
(229) 435-5992
1150 South Slappey Boulevard
Albany, GA
 
Allstates Moving Inc
(229) 483-0410
4295 San Carlos Drive
Albany, GA
 
Bekins Van Lines Agent
(229) 432-5169
2602 North Slappey Boulevard
Albany, GA
 
Lingle Marian RL Estate
(229) 434-1600
2535 Lafayette Drive
Albany, GA
 
Security Stg & Mvg Service Of Albany
(229) 432-9119
913 West Roosevelt Avenue
Albany, GA
 
Mann's Door Systems of Albany
(229) 432-5169
2602 North Slappey Boulevard
Albany, GA
 
Drury Betty RL Estate
(229) 434-1600
2535 Lafayette Drive
Albany, GA
 
Allstates Moving Inc Albany
(229) 436-4608
2400 North Monroe Street
Albany, GA
 

Truck Leasing Pros and Cons

To lease a truck for personal use is no different than leasing a car or SUV. A lease offers lower monthly payments than buying with a loan, and may not require a down payment. There are also savings on sales tax in most states. Therefore, leasing may cost you less to get into a new truck, and can save you on monthly cost as well.

However, before making a decision about whether to lease or buy, understand that leasing is best for people who drive no more than about 15,000 miles per year, like to have a new truck every 3-4 years, take good care of their vehicles, don't care about building ownership equity, and have a stable lifestyle such that they won't need to end the lease early.

Ending a lease early can be very expensive. It's more than simply paying termination fees. It means paying the balance of the lease, considering the wholesale auction value of the truck. In most cases, ending a lease early is very impractical. Therefore, if you think you might not be able to complete a lease, then don't lease.

If you plan on using your truck for heavy duty or rough utility purposes, such that the body and bed might be badly damaged or scratched, you might not want to lease. The reason is you may have to pay for those damages at lease-end when you return your truck to the lease company. Any damages beyond "normal" wear and tear can result in charges to you. Of course, you could get the repairs done yourself prior to returning your leased truck. Or...

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