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Truck Leasing Pros and Cons Easley SC

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.

A Storage Place
(864) 859-3575
109 Pilgrim Drive
Easley, SC
 
U-haul Co.
(864) 855-2593
519 E Main St
Easley, SC
 
Mountain View Hotel Antiques
(864) 306-1069
108 East Main Street
Easley, SC
 
Old South Mini Storage
(864) 855-5531
125 Saco Lowell Road
Easley, SC
 
Penske Truck Rental - Easley
(864) 859-0872
Highway 123
Easley, SC
 
Coldwell Banker the Lesley Agency
(864) 859-5150
714 South Pendleton Street
Easley, SC
 
Mark I Moving & Storage
(864) 855-0212
Easley, SC
 
Modern Systems Inc
(864) 306-9741
1822 Dacusville Highway
Easley, SC
 
Action Moving And Storage
(864) 306-0555
Easley, SC
 
Crossroads Mini Storage
(864) 859-0520
1409 Jameson Road
Easley, SC
 

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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