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Truck Leasing Pros and Cons Denham Springs 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.

Range Avenue Mini Storage
(225) 664-3238
2720 South Range Avenue
Denham Springs, LA
 
U-Haul Co
(225) 667-2453
32056 La Highway 16
Denham Springs, LA
 
B And C Sheet Metal
(225) 665-2793
530 Florida Avenue Southeast
Denham Springs, LA
 
Cypress Park Storage
(225) 664-9606
2257 South Range Avenue
Denham Springs, LA
 
Budget Truck Rental
(225) 664-5109
805 North Range Avenue
Denham Springs, LA
 
Penske Truck Leasing
(225) 791-1407
8039 Vincent Road
Denham Springs, LA
 
Store With US
(225) 664-6949
518 Florida Avenue Southeast
Denham Springs, LA
 
Plantation Storage LLC
(225) 664-1668
8039 Vincent Road
Denham Springs, LA
 
Homes by Bogan Inc
(225) 664-9606
2257 South Range Avenue
Denham Springs, LA
 
Uhaul Co
(225) 791-0125
1315 Florida Ave Sw
Denham Springs, 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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