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Truck Leasing Pros and Cons Anderson SC

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.

Watson Village Temperature Controlled Storage
(864) 375-0777
126 East Shockley Ferry Road
Anderson, SC
 
M C Hauling
(864) 296-1003
232 Thompson Road
Anderson, SC
 
Mcguire's Grading & Hauling
(864) 296-9370
534 Harmony Road
Anderson, SC
 
Keystone Packaging Inc
(864) 224-9923
2200 South McDuffie Street
Anderson, SC
 
Mike Sanders Storage
(864) 224-9332
2230 Honeapath Park Road
Anderson, SC
 
Anderson Crane & Towing Service
(864) 224-1244
212 Highway 28 Bypass
Anderson, SC
 
Store-Right Mini Warehouses
(864) 296-9316
3672 Abbeville Highway
Anderson, SC
 
Space Solutions
(864) 296-3160
146 True Temper Road
Anderson, SC
 
FARR Music House of Anderson
(864) 225-8661
Clemson Boulevard
Anderson, SC
 
Ryder Mini Storage Warehouses
(864) 224-5389
110 Ryder Lane
Anderson, SC
 

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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