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Truck Leasing Pros and Cons Mobile AL

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.

Paulk'S Moving & Storage Of Mobile, Inc.
(251) 432-6683
2051 W I-65 Service Rd N
Mobile, AL

Data Provided by:
A Available Self Storage Inc
(251) 471-2767
59 Sidney Phillips Drive
Mobile, AL
 
Slaton Moving And Warehousing
(251) 479-7333
3404 Moffett Road
Mobile, AL
 
Budget Truck Rental
(251) 473-1747
2751 Spring Hill Avenue
Mobile, AL
 
Betta Store It
(251) 473-3310
3304 Halls Mill Road
Mobile, AL
 
Port City Movers & Deliver, Llc
(251) 342-7079
5235 Kooiman Road Building Four
Theodore, AL

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Capitol Containers Inc
(251) 478-5825
1906 Old Shell Road
Mobile, AL
 
Bay Paper CO
(251) 476-9791
1 Bay Paper Drive
Mobile, AL
 
Two Men and a Truck
(334) 971-2223
3345 Halls Mills Road
Mobile, AL
 
Ustorit
(251) 479-1978
2906 Halls Mill Road
Mobile, AL
 
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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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