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Truck Leasing Pros and Cons Prairieville 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.

U Store It
(225) 673-8387
38247 Highway 42
Prairieville, LA
 
Truck Service Baton Rouge
(225) 344-9080
Airline Highway
Prairieville, LA
 
Uhaul Co
(225) 677-5402
38247 Highway 42
Prairieville, LA
 
General Warehousing Inc
(225) 644-6577
12608 Airline Highway
Gonzales, LA
 
Budget Rent A Car System
(225) 647-9043
1312 West Highway 30
Gonzales, LA
 
A Dependable Storage
(225) 752-6464
16068 Airline Highway
Prairieville, LA
 
RE Max Excellent Properties
(225) 677-7653
16581 Airline Highway
Prairieville, LA
 
Coldwell Banker Mackey CO
(225) 647-8805
16260 Airline Highway
Gonzales, LA
 
The File Depot
(225) 644-0130
12537 Airline Highway
Gonzales, LA
 
Broussard Paper Inc
(225) 647-2737
2831 South Darla Avenue
Gonzales, 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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