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Truck Leasing Pros and Cons Newberry 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.

Mills Trucking
(803) 364-0220
273 Bark Avenue
Prosperity, SC
 
Stow-Away Storage of Hilton
(803) 932-2111
2116 Wessinger Road
Chapin, SC
 
Watford Mini Storage
(803) 345-3409
732 Chapin Road
Chapin, SC
 
Advantage Relocation Systems, Inc.
(803) 714-6683
140 Mcleod Drive
Columbia, SC

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U-Stor-It
(864) 882-7172
280 Ustorit Drive
Seneca, SC
 
Amicks Ferry Storage
(803) 345-9894
960 Amicks Ferry Road
Chapin, SC
 
Chapin Self Storage
(803) 345-9894
Po Box 843
Chapin, SC
 
Chapin Storage
(803) 345-9894
320 Amicks Ferry Raod
Chapin, SC
 
United Van Lines
(864) 879-0021
750 Berry Shoals Road
Duncan, SC
 
Allied Van Lines Inc
(803) 786-4500
251 Corporate Park Boulevard
Columbia, SC
 
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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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