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Truck Leasing Pros and Cons Houma LA

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.

Richards Restaurant Supply
(985) 868-9240
Po Box 4035
Houma, LA
 
C And L Cigarette Service And Mini Storage
(985) 879-3756
126 North Hollywood Road
Houma, LA
 
Dependable Storage
(985) 872-6464
5755 West Park Avenue
Houma, LA
 
G And G Mini Storage
(985) 868-3345
405 Westside Boulevard
Houma, LA
 
Bayou Gardens Mini Storage
(985) 580-0520
807 Bayou Gardens Boulevard
Houma, LA
 
Freeman LUBY J Jr Escort Service
(985) 876-9209
1453 Bayou Blue Road
Houma, LA
 
Evangeline Mini Storage
(985) 868-8045
2510 Bayou Blue Road
Houma, LA
 
Bourg BROS Storage CO
(985) 872-5745
148 North Hollywood Road
Houma, LA
 
Sunset Mini Storages
(985) 868-6622
2853 Bayou Blue Road
Houma, LA
 
U-Haul CO - Independent Dealers- Houma
(985) 223-0605
372 Westside Boulevard
Houma, LA
 

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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