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Truck Leasing Pros and Cons Dalton 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.

B And S Properties
(706) 226-5434
1137 East Walnut Avenue
Dalton, GA
 
Sunstar Enterprises Inc
(706) 226-0210
1830 Willowdale Road Northwest
Dalton, GA
 
Reece Elrod Trucking Inc
(706) 259-4030
2250 Dawnville Road Northeast
Dalton, GA
 
Budget Truck Rental Truck Rental Reservations
(706) 278-6800
402 S Thornton Ave
Dalton, GA
 
Guy With A Truck
(706) 259-6834
Dalton, GA
 
Piliant Corporation
(706) 259-9471
109 Poly Pac Drive
Dalton, GA
 
Carpet Trailer Sales Inc
(706) 226-3899
1813 Abutment Road
Dalton, GA
 
King Self Storage
(706) 277-1150
2440 Dug Gap Road Southwest
Dalton, GA
 
Lakeland Storage
(706) 275-8484
2592 Lakeland Road Southeast
Dalton, GA
 
Budget Truck Rental - Truck Rental Reservations
(706) 226-6066
2912 East Walnut Avenue
Dalton, 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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