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Truck Leasing Pros and Cons Lucedale MS

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.

J And B Feeds Inc
(601) 947-3066
39 Virginia Street
Lucedale, MS
Uhaul Co
(601) 947-7986
6188 Highway 198 East
Lucedale, MS
Merritt Nolen J Trucking Corporation
(601) 947-7757
Highway 98 West
Lucedale, MS
Herrington Jimmy Trucking
(601) 947-1099
6103 Highway 613
Lucedale, MS
AAA Self Storage
(601) 947-2150
5158 Main Street
Lucedale, MS
Scott Company
(601) 947-7814
Park Drive
Lucedale, MS
U-Haul CO - Independent Dealers- Lucedale
(601) 947-7986
6188 Highway 198 East
Lucedale, MS
U-Haul CO
(601) 947-1589
6105 Highway 198 East
Lucedale, MS
Kitchens by Design
(601) 947-9422
17252 Highway 26 West
Lucedale, MS
Harper Ronnie House Levelers And Foundation Repairs
(228) 696-2520
3303 Ingalls Avenue
Pascagoula, MS

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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