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Truck Leasing Pros and Cons Yazoo City 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.

Yazoo Mini Storage
(662) 746-5107
1401 Plaza Drive
Yazoo City, MS
 
Four Point Self Storage
(662) 716-0036
200 Wyeth Lane
Yazoo City, MS
 
HI Tech Liquidations
(662) 746-5017
762 Wildwood Cove
Yazoo City, MS
 
Uhaul Co.
(662) 746-1053
601 S Industrial Pkwy
Yazoo City, MS
 
Bean Moving And Storage
(601) 545-3522
4908 U.S. Hwy. 49 South
Hattiesburg, MS

Data Provided by:
Chamber Of Commerce
(662) 746-1273
212 E Broadway St
Yazoo City, MS
 
Four Points Self Storage
(662) 746-8118
115 South Main Street
Yazoo City, MS
 
Uhaul Co
(662) 746-3970
101 S Main St
Yazoo City, MS
 
Jim Newsom Trucking
(662) 716-0103
248 South Industrial Parkway
Yazoo City, MS
 
Bullys Lockers
(662) 324-1440
1003 Highway 82 East
Starkville, MS
 
Data Provided by:

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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