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Truck Leasing Pros and Cons Moncks Corner SC

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.

Live Oak Mini Storage
(843) 761-4665
3520 South Live Oak Drive
Moncks Corner, SC
 
Johnson House Movers Inc
(843) 688-4848
110 Ernies Way
Moncks Corner, SC
 
Berkeley Storage
(843) 899-2625
1440 Old Highway 52
Moncks Corner, SC
 
Ware J B Inc
(843) 761-3522
1227 Old Whitesville Road
Moncks Corner, SC
 
Outdoor Sales Center
(843) 761-9744
1023 North Highway 17-A
Moncks Corner, SC
 
Tail Race Self Storage
(843) 761-7368
Highway 52 & 17 A
Moncks Corner, SC
 
Ware Butler Trucking Inc
(843) 761-6640
1227 Old Whitesville Road
Moncks Corner, SC
 
Moncks Corner Mini-Storage
(843) 899-7005
Highway 52 Bypass
Moncks Corner, SC
 
Ship-It
(843) 899-7363
484 North Highway 52 Unit L
Moncks Corner, SC
 
Lock TITE Mini Storage
(843) 761-6005
2728 South Live Oak Drive
Moncks Corner, SC
 

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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