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Truck Leasing Pros and Cons Marrero 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.

"Seasons Estate Liquidators, LLC"
(504) 305-4347
8833 26th Street
Metairie, LA
Types of Care
Estate Liquidation

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White Murphy
(504) 347-5215
6 Cherry Blossom Lane
Marrero, LA
 
Safeguard Self Storage
(504) 340-1821
6827 Lapalco Boulevard
Marrero, LA
 
Acadian Storage Center
(504) 340-3456
7300 Westbank Expressway
Marrero, LA
 
Sidneys Towing
(504) 340-1544
5108 Belle Terre Road
Marrero, LA
 
Westbank Center Office Warehouse
(504) 341-5493
6245 Westbank Expressway Unit 38
Marrero, LA
 
Truckers Express Inc
(504) 341-7276
6001 River Road
Marrero, LA
 
Barataria Storage
(504) 328-8510
3116 Barataria Boulevard
Marrero, LA
 
Uhaul Co.
(504) 328-2512
6830 Lapalco Blvd
Marrero, LA
 
Marrero LA
(504) 347-8488
5100 Lapalco Boulevard
Marrero, LA
 
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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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