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Truck Leasing Pros and Cons Forest City NC

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.

Matheny David
(828) 245-5030
621 South Broadway Street
Forest City, NC
 
Bailey's Trucking
(828) 248-1299
1568 West Main Street
Forest City, NC
 
Bright's Moving
(828) 245-9921
1190 Piney Ridge Road
Forest City, NC
 
Family Car Wash
(828) 248-3141
903 West Main Street
Forest City, NC
 
Ellenboro Self Storage Center
(828) 245-7108
1562 US74 Highway Bus
Forest City, NC
 
Plastic Packaging
(828) 286-1356
681 Piney Ridge Road
Forest City, NC
 
D & H Storage
(828) 248-9668
206 Woods Drive
Forest City, NC
 
Forest City Renting & Leasing CO Inc
(828) 245-1637
303 Vance Street
Forest City, NC
 
Forrestal Apartments and Storage
(828) 247-0582
312 Franklin Street
Forest City, NC
 
Family Storage Center
(828) 248-3141
903 West Main Street
Forest City, NC
 

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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