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Truck Leasing Pros and Cons Cocoa FL

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.

Cocoa Village Self Storage
(321) 631-5233
105 Forrest Avenue
Cocoa, FL
 
Uncle Bobs Self Storage
(321) 631-1322
801 North Cocoa Boulevard
Cocoa, FL
 
The A C Storage Place
(321) 632-0153
807 North Cocoa Boulevard
Cocoa, FL
 
Clifton Construction Inc
(321) 636-2847
770 Clearlake Road
Cocoa, FL
 
Clearlake Commercial Center Inc
(321) 632-8939
300 Clearlake Road
Cocoa, FL
 
About Space Storage
(321) 631-1744
526 Peachtree Street
Cocoa, FL
 
Brevard Movers
(321) 636-6699
2899 Dusa Drive
Cocoa, FL
 
Toppertown Truck And Auto Accessories
(321) 632-1644
1208 Clearlake Road
Cocoa, FL
 
Frank & Sons Moving CO
(321) 452-6683
Cocoa, FL
 
Cocoa Town Plaza
(321) 636-0911
463 Forrest Avenue
Cocoa, FL
 

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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