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Truck Leasing Pros and Cons Ocean Springs MS

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.

Uhaul Co
(228) 826-2682
11628 Highway 57
Vancleave, MS
 
U-Haul CO - Independent Dealers- Ocean Springs
(228) 818-5110
3610 Bienville Boulevard
Ocean Springs, MS
 
A Mini Storage in Ocean Springs
(228) 875-1785
3815 Bienville Boulevard
Ocean Springs, MS
 
Uhaul
(228) 875-6270
6514 Washington Avenue
Ocean Springs, MS
 
Empire Marketing And Avertising
(228) 875-2811
9304 Ridgeview Drive
Ocean Springs, MS
 
Safe Mini Storage
(228) 872-9101
3610 Bienville Boulevard
Ocean Springs, MS
 
AAA Mini Storage
(228) 875-1705
3815 Bienville Boulevard
Ocean Springs, MS
 
B And B Mini Storage
(228) 875-9770
2422 Government Street
Ocean Springs, MS
 
Sea Shores Plaza Mini Warehouse
(228) 875-1411
2935 Bienville Boulevard
Ocean Springs, MS
 
All South Moving & Storage
(228) 875-1911
14100 Cook Road
Ocean Springs, MS
 

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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