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Truck Leasing Pros and Cons Charleston WV

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.

Central Van & Storage
(304) 755-1898
Po Box 626
Poca, WV

Data Provided by:
Birch Moving & Storage Co Inc
(304) 344-3469
Florida Main
Charleston, WV
E&R Movers
(760) 843-9147
Charleston, WV
Budget Truck Rental
(304) 345-4596
200 Piedmont Road
Charleston, WV
U-Haul CO
(304) 345-7245
600 Washington Street West
Charleston, WV
North American Van Lines Agent Ofc
(304) 344-3469
Florida Main Sts
Charleston, WV
Rent-A-Space Inc
(304) 768-7080
2727 Fairlawn Avenue
Charleston, WV
Nationwide Moving & Storage CO Inc
(304) 343-3552
2446 Route 60
Charleston, WV
Myers Transfer & Storage Systems
(304) 343-4676
1420 Bigley Avenue
Charleston, WV
R & S Storage
(304) 984-1956
334C Call Road
Charleston, WV
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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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