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Truck Leasing Pros and Cons Aiken 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.

Stewart Builders Inc
(803) 648-4605
237 Chesterfield Street North
Aiken, SC
 
AAA Self Storage
(803) 648-7368
1044 Reynolds Pond Rd
Aiken, SC
 
Upscale Resale
(803) 641-6404
1573 University Parkway
Aiken, SC
 
Jackson's Transfer & Storage North American
(803) 648-4217
291 Orangeburg Street Northeast
Aiken, SC
 
Steeplechase Apartments
(803) 648-3800
749 Silver Bluff Road
Aiken, SC
 
Storage R US
(803) 641-0901
1076 Brookhaven Drive
Aiken, SC
 
Whiskey Road Storage
(803) 642-2194
2598 Whiskey Road
Aiken, SC
 
Amerimove Agent For Allied Van Line
(803) 648-9889
118 Laurens Street Northwest
Aiken, SC
 
B & H Self Storage
(803) 648-4188
670 East Pine Log Road
Aiken, SC
 
American Mini-Warehouses
(803) 648-2790
1528 University Parkway
Aiken, SC
 

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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