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Truck Leasing Pros and Cons Hephzibah 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.

Veterans Realty
(706) 793-2400
2920 Tobacco Road
Hephzibah, GA
Uhaul Co
(706) 793-0820
3510 Deans Bridge Rd
Hephzibah, GA
Augusta Data Storage Inc
(706) 793-0186
3122 Mike Padgett Highway
Augusta, GA
Affordable Self Storage
(706) 796-1986
3114 Augusta Tech Drive
Augusta, GA
Neff Rental
(706) 796-6402
2325 Tubman Home Road
Augusta, GA
Marks Clearing And Grading Inc
(706) 592-4374
4704 Fulcher Road
Hephzibah, GA
Brown Road Self Storage And Moving Supplies
(706) 592-3119
2241 Brown Road
Hephzibah, GA
Penske Truck Rental
(706) 798-4493
1806 Carmichael Court
Augusta, GA
Peach Orchard Self Storage
(706) 798-3961
2613 Peach Orchard Road
Augusta, GA
Store Smart Self Storage
(706) 790-6099
2860 Deans Bridge Road
Augusta, GA

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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