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Truck Leasing Pros and Cons Gautier MS

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.

Mississippi Mini Warehouses
(228) 497-2302
3305 Townsend Road
Gautier, MS
Coast Construction
(228) 497-2752
3124 Ladnier Road
Gautier, MS
Handy Lock Management
(228) 497-4771
4051 Gautier Vancleave Road
Gautier, MS
Ustoreit Gautier
(228) 497-0321
5118 Gautier Vancleave Rd
Gautier, MS
U-Store-It - Gautier
(228) 497-5117
3301 Highway 90
Gautier, MS
Magnolia Pawn And Gun Inc
(228) 497-0707
5118 Gautier Vancleave Road
Gautier, MS
Hutchen Stacy
(228) 497-2752
1801 Seacrest Drive
Gautier, MS
A B C Affordable Moving
(228) 497-9167
1409 Highway 90
Gautier, MS
Lighthouse Mini Storage
(228) 497-0777
2965 Old Spanish Trail
Gautier, MS
Handy Lock Self Storage
(228) 497-7411
4051 Gautier Vancleave Road
Gautier, MS

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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