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Truck Leasing Pros and Cons Bogalusa LA

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.

Budget Mini-Storage
(985) 735-0693
336 Michigan Avenue
Bogalusa, LA
 
Pritchard Trucking Inc - Maintenance
(985) 735-5000
21749 Highway 21 North
Bogalusa, LA
 
U-Haul CO - Independent Dealers- Bogalusa
(985) 735-5903
327 Sullivan Drive
Bogalusa, LA
 
Storage Place
(985) 735-8128
14087 Highway 21 South
Bogalusa, LA
 
Pritchard Trucking Inc Maintenance
(985) 735-0313
600 Rio Grande Street
Bogalusa, LA
 
K And K Mini Storage
(985) 735-0313
600 Rio Grande Street
Bogalusa, LA
 
Uhaul Co
(985) 735-1066
539 Superior Ave # A
Bogalusa, LA
 
Simmons Moving And Storage
(985) 732-3031
213 Shenandoah Street
Bogalusa, LA
 
Pritchard Trucking Inc - Office
(985) 735-9634
21749 Highway 21 North
Bogalusa, LA
 
Southside Mini Storage
(985) 732-0286
327 Sullivan Drive
Bogalusa, LA
 

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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