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Truck Leasing Pros and Cons Crowley 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.

Spell House Moving And Leveling
(337) 783-6696
20441 Crowley Eunice Highway
Crowley, LA
 
U-Haul CO
(337) 783-1302
126 East Park Street
Crowley, LA
 
Continental Bag Co-A Langston CO
(337) 783-2010
401 East Clay Street
Crowley, LA
 
Doucet Transport Service
(337) 826-0939
307 North Corso Street
Crowley, LA
 
Comeaux Belton
(337) 783-3431
716 Crowley Rayne Highway
Crowley, LA
 
Uhaul Co.
(337) 788-1527
8509 Egan Hwy
Crowley, LA
 
John John N Truck Lines
(337) 783-3394
1213 West 2nd Street
Crowley, LA
 
Gall Stan J Jr
(337) 783-1559
538 Northeast Court Circle
Crowley, LA
 
Louisiana Bag Company
(337) 783-5466
208 American Legion Drive
Crowley, LA
 
Acadia Industries Inc
(337) 783-8182
1 North Avenue East
Crowley, 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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