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Truck Leasing Pros and Cons Beaufort 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.

Lady's Island Self Storage
(843) 524-5625
13 Inlet Road
Beaufort, SC
 
ABC Storage
(843) 522-0460
121 Sea Island Parkway
Beaufort, SC
 
Sea Island Bonded Storage
(843) 524-2521
2724 Depot Road
Beaufort, SC
 
All My Sons
(843) 757-2100
Beaufort, SC
 
Allied Van Lines Agent
(843) 524-7545
1720 Ribaut Road
Beaufort, SC
 
Mail & Parcel Express
(843) 522-0444
182 Sea Island Parkway # B
Beaufort, SC
 
Carolina Moving & Storage CO Inc
(843) 686-4447
Highway 21 & 170
Beaufort, SC
 
Atlas Van Lines Agent
(843) 524-2521
2724 Depot Road
Beaufort, SC
 
Low Country Moving & Storage Inc
(843) 524-1796
2724 Depot Road
Beaufort, SC
 
Wheaton Van Lines Agent
(843) 524-5800
USHighway 170
Beaufort, 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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