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Truck Leasing Pros and Cons Brandon 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.

Bean Moving And Storage Inc
(601) 919-3354
220 Avalon Circle
Brandon, MS
 
Service Inc
(601) 992-7828
5491 Plaza Drive
Brandon, MS
 
U-Haul CO - Independent Dealers- Brandon
(601) 829-1701
2194 Highway 471
Brandon, MS
 
Stor-It Storage
(601) 992-5550
5491 Plaza Drive
Brandon, MS
 
Reservoir LOC N Store
(601) 992-0907
200 Grants Ferry Road Suite D
Brandon, MS
 
Reservoir Ministorage
(601) 992-2055
100 Pelahatchie Shore Drive
Brandon, MS
 
Pak Rat Mini Storage
(601) 829-9773
671 Holly Bush Road
Brandon, MS
 
Grants Crossing Self Storage
(601) 919-8006
551 Grants Crossing Drive
Brandon, MS
 
Old Fannin Road Store And Lock
(601) 992-4800
1572 Old Fannin Road
Brandon, MS
 
Reservoir Locnstor
(601) 992-0907
200 Grants Ferry Road Suite D
Brandon, 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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