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Truck Leasing Pros and Cons New Iberia 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
(337) 367-1678
2019 East Main Street
New Iberia, LA
 
Ms Gators Auto Sales
(337) 364-1971
4806 Creighton Drive
New Iberia, LA
 
ACC Inc
(337) 365-9222
121 Burke Street
New Iberia, LA
 
Truckit
(337) 369-6225
630 Bayard Street
New Iberia, LA
 
Acme Truck Line
(337) 365-1062
2804 West Admiral Doyle Drive
New Iberia, LA
 
R And J Trucking
(337) 367-2063
3714 Gus Drive
New Iberia, LA
 
Laperouse And Son Limited
(337) 364-0350
2700 Jefferson Terrace
New Iberia, LA
 
Babineaux Mini-Storage
(337) 364-0982
1509 Jefferson Island Road
New Iberia, LA
 
Environmental Safety and Health Consltng Services Inc
(337) 365-9890
2917 Fairchild Drive
New Iberia, LA
 
Babineaux Plumbing Inc
(337) 364-0982
1509 Jefferson Island Road
New Iberia, 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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