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Truck Leasing Pros and Cons Greenwood 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.

Clark Rentals
(662) 453-1994
413 Main Street
Greenwood, MS
 
Mini Storage of Greenwood
(662) 453-2469
2004 Highway 82 West
Greenwood, MS
 
Bunch Engineering
(662) 453-3086
Highway 49 East South
Money, MS
 
Bunch John R III
(662) 453-3086
Highway 49 South
Money, MS
 
C W Express Inc
(662) 246-8551
1300 Olive Street
Moorhead, MS
 
Uhaul Co.
(662) 453-2827
400 Hwy 7 S-leflore
Greenwood, MS
 
Southside Storage Rentals
(662) 453-3086
Highway 49 South
Money, MS
 
Greenwood Mini Storage
(662) 453-3314
107 Fulton Street
Greenwood, MS
 
Clark Auto And Tractor Parts Inc
(662) 246-5264
1314 Olive
Moorhead, MS
 
Bean Moving And Storage
(601) 545-3522
4908 U.S. Hwy. 49 South
Hattiesburg, MS

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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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