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Truck Leasing Pros and Cons Arkadelphia AR

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.

Waite's Gun & Pawn
(870) 246-4852
1318 Pine St
Arkadelphia, AR
Uhaul Co Independent Dealers Ash Flat
(870) 246-7474
1021 North 10th Street
Arkadelphia, AR
Reeder F Bud Real Estate
(870) 246-2406
2747 Caddo Street
Arkadelphia, AR
Bunn Builders Inc
(870) 246-6709
901 Main Street
Arkadelphia, AR
Arkadelphia Self Storage
(870) 245-2192
25 Friendship Drive
Arkadelphia, AR
Security Warehouse
(870) 246-4515
725 South 7th Street
Arkadelphia, AR
You Lock It Storage
(870) 246-7474
1021 North 10th Street
Arkadelphia, AR
Uhaul Co.
(870) 245-2293
50 Frost Rd
Arkadelphia, AR
Uhaul Co
(870) 246-8438
705 Walnut St
Arkadelphia, AR
B And M Construction Inc
(870) 246-6586
3950 Pine Street
Arkadelphia, AR

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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