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Truck Leasing Pros and Cons Hurricane WV

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.

Central Van & Storage
(304) 755-1898
Po Box 626
Poca, WV

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Hurricane Self Storage
(304) 562-2009
925 Midland Trail
Hurricane, WV
 
Store All of Teays Valley
(304) 757-3348
2130 Mount Vernon Road
Hurricane, WV
 
Heritage Transfer & Storage
(304) 562-0617
2446 USRoute 60
Hurricane, WV
 
JMJ Mini Storage
(304) 757-5616
121 8th Street
Scott Depot, WV
 
Nationwide Moving & Storage
(304) 523-8858
1005 8th Avenue
Hurricane, WV
 
Nation Van Lines Inc
(304) 523-8858
2419 USRoute 60
Hurricane, WV
 
U-Haul Co
(304) 562-2314
2446 Rt 60
Hurricane, WV
 
Scott Teays Mini Storage
(304) 757-7927
4916 Teays Valley Rd
Scott Depot, WV
 
U-Haul Co
(304) 937-4976
4527 Winfield Rd
Winfield, WV
 
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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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