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Truck Leasing Pros and Cons Acworth GA

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.
(770) 975-4646
1220 Highway 92
Acworth, GA
A & G Storage Center
(770) 974-1555
3360 Dogwood Lane Northwest
Acworth, GA
Prudential Atlanta Realty
(770) 917-1382
3581 New McEver Road Northwest
Acworth, GA
Kingway Material Handling
(770) 917-9700
240 Northpoint Parkway
Acworth, GA
Budget Truck Rental
(770) 974-9749
5102 Cherokee Street
Acworth, GA
A And G Golf Carts
(770) 974-1555
3360 Dogwood Lane Northwest
Acworth, GA
Budd Van Lines
(678) 574-5701
30 North Drive Southeast
Acworth, GA
Chief Container
(770) 421-0007
100 Hopson Drive Southeast
Acworth, GA
Davis Enterprises
(770) 924-5537
6468 Highway 92 Suite 150
Acworth, GA
Fortress Storage
(770) 974-5900
5405 Glade Road Southeast
Acworth, GA

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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