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Truck Leasing Pros and Cons Mount Pleasant 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.

Stockade Storage
(843) 884-7533
1108 Stockade Lane
Mount Pleasant, SC
 
U-Haul Co
(843) 856-0570
3563 N Highway 17
Mount Pleasant, SC
 
Budget Truck Rental
(843) 856-0600
2381 North Highway 17
Mount Pleasant, SC
 
American Storage
(843) 388-9493
3355 South Morgans Point Road
Mount Pleasant, SC
 
David Church- Prudential Carolina Real Estate
(843) 343-8966
3040 Hwy 17 North
Mount Pleasant, SC
 
Stow-Away Storage
(843) 849-8110
2988 North Highway 17
Mount Pleasant, SC
 
U-haul Co.
(843) 884-2489
3008 N Highway 17
Mount Pleasant, SC
 
Wando Self Storage
(843) 856-0225
2386 Highway 41
Mount Pleasant, SC
 
Island
(843) 971-6069
Barrier Islands
Mount Pleasant, SC
 
Aardvark Moving
(843) 654-5144
1645 Lauda
Mount Pleasant, 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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