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Truck Leasing Pros and Cons Dahlonega GA

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.

Paula Sullens Trucking Inc
(706) 867-6062
24 Hillcrest Drive
Dahlonega, GA
 
Cane Creek Mini Storage
(706) 864-0018
Highway 19 North
Dahlonega, GA
 
Peach State Building Inc
(706) 867-9735
537 Flanders Road
Dahlonega, GA
 
Thomas Ernest Trucking
(706) 864-8903
Siloam Road
Dahlonega, GA
 
115 Mini Storage
(706) 867-6553
48 Summer Lane
Dahlonega, GA
 
Rockmill Land Management
(706) 864-4321
Highway 52 East
Dahlonega, GA
 
Grizzle R C Trucking
(706) 864-4355
Highway 52 West
Dahlonega, GA
 
HWY 52 Mini Storage
(706) 864-8672
6350 Highway 52 East
Dahlonega, GA
 
Gold City Mini Storage
(706) 864-4614
1091 Grove Street North
Dahlonega, GA
 
Millies Mini Storage
(706) 864-9051
28 Millies Place
Dahlonega, GA
 

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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