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Truck Leasing Pros and Cons Hartwell GA

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.

Collins Dock Inc
(706) 377-4949
1392 Reed Creek Highway
Hartwell, GA
 
Creek Boat And Mini Storage
(706) 376-1359
1970 Reed Creek School Road
Hartwell, GA
 
Hartwell Miniwarehouse
(706) 376-2209
351 West Johnson Street
Hartwell, GA
 
Peoples Choice House Movers
(706) 356-2781
3373 New Franklin Church
Canon, GA
 
Uhaul Co.
(706) 356-7745
88 Shuford St
Lavonia, GA
 
Uhaul Co.
(706) 376-1710
935 E Franklin St
Hartwell, GA
 
Reed Creek Boat and Mini Storage
(706) 376-8772
Reed Creek School Road
Hartwell, GA
 
U-Haul Co
(864) 375-1193
915 Travis Rd
Anderson, SC
 
1st Class Secured Storage
(706) 779-6778
Highway 17 @ Scott Road
Lavonia, GA
 
Lakeside Storage
(864) 226-5527
3021 Whitehall Road Unit 165
Anderson, 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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