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Truck Leasing Pros and Cons La Fayette 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.

LRI Lafayette Rentals Inc
(706) 639-9384
1897 North Main Street
La Fayette, GA
Uhaul Co.
(706) 638-9654
305 N Main St
La Fayette, GA
Norton Transport
(706) 638-4699
707 Thurman Street
La Fayette, GA
(706) 375-6389
451 Martin Clement Road
Chickamauga, GA
Mcbryar And Son Construction
(706) 398-1291
1538 North Moore Road
Rising Fawn, GA
Uhaul Co
(706) 639-1720
501 Grant Street
La Fayette, GA
Storage Solution
(706) 638-8599
501 Grant Street
La Fayette, GA
Alvin's Moving Service
(706) 375-3888
1910 Boss Road
Chickamauga, GA
C And D Erectors
(706) 375-4081
72 Polly Lane
Chickamauga, GA
Buddys Mini Storage
(706) 398-1643
7958 Scenic Highway
Rising Fawn, 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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