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Truck Leasing Pros and Cons Greer 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.

All My Sons Moving & Storage
(864) 801-9033
528 Brookshire Road
Greer, SC
 
Merit Container
(864) 877-8080
1629 South Highway 14
Greer, SC
 
Vipac
(864) 968-2016
1075 Victor Hill Road
Greer, SC
 
Penske Truck Rental - Greer
(864) 877-0610
1621 South Highway 14
Greer, SC
 
U-Haul Co
(864) 877-6123
1669 E Wade Hampton Blvd
Greer, SC
 
JFS Inc
(864) 895-2669
4189 Donahue Road
Greer, SC
 
Powell C H CO
(864) 439-0246
6 Northway Court
Greer, SC
 
Piedmont Piano Works
(864) 879-9199
2611 South Highway 14
Greer, SC
 
Greer Storage
(864) 879-2117
607B East Wade Hampton Boulevard
Greer, SC
 
Associated Packaging Inc
(864) 879-8400
446 Pennsylvania Avenue
Greer, 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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