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Truck Leasing Pros and Cons Bay Saint Louis MS

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.

Baywaveland Ministorage
(228) 467-9793
926 Highway 90
Waveland, MS
 
Haas Nicholas M Attorney
(228) 467-3935
624 Highway 90
Waveland, MS
 
Dunbar Mini Storage
(228) 463-9015
703 Dunbar Avenue
Bay Saint Louis, MS
 
Auto Towing
(228) 467-7005
10001 Perniciaro Lane
Bay Saint Louis, MS
 
Budget Truck Rental
(228) 467-0861
463 Highway 90
Waveland, MS
 
U-Store-It - Waveland
(228) 467-7186
203 Highway 90
Waveland, MS
 
Hardies Trucking And Equipment
(228) 466-0384
2072 Ninth Street
Bay Saint Louis, MS
 
Charter Mortgage Inc
(228) 466-6680
412 Highway 90
Bay Saint Louis, MS
 
Ustoreit Waveland
(228) 467-5739
603 Highway 90
Waveland, MS
 
Hancock Mini Storage
(228) 467-3334
5450 Highway 90
Bay Saint Louis, MS
 

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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