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Truck Leasing Pros and Cons Natchitoches 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.

Budget Truck Rental
(318) 352-9828
5906 Highway 1 Bypass
Natchitoches, LA
 
Burke Mini Storage
(318) 352-7927
122 Touline Street
Natchitoches, LA
 
Keep Safe Storage
(318) 356-5500
5841 Highway 1 Bypass
Natchitoches, LA
 
Sids Mini Storage
(318) 352-5510
411 Bienville Street
Natchitoches, LA
 
Bayou Vista Mobile Home Park
(318) 352-0201
515 Fairgrounds Road Lot 4
Natchitoches, LA
 
Cs And M Storage
(318) 356-8868
100 Hazel Street Ofc
Natchitoches, LA
 
Uhaul Co.
(318) 352-7449
404 Rapides Dr
Natchitoches, LA
 
Texaco Express Lube Car Care And Ministorage
(318) 354-8003
6943 Highway 1 Byp
Natchitoches, LA
 
Ryder Companies
(318) 357-0232
452 Jefferson Street
Natchitoches, LA
 
Keyser Avenue Self Storage
(318) 356-0509
101 Ralph Street
Natchitoches, LA
 

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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