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Truck Leasing Pros and Cons Austin TX

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.

Chaparral Moving, Inc.
(512) 328-8370
606 Kenniston
Austin, TX

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Action Safe & Lock
(512) 459-5151
101 East North Loop Boulevard
Austin, TX
Anytime Moving
(512) 928-3174
5555 N Lemar Blvd, Ste L123
Austin, TX
Arpin America Moving System LLC
(512) 458-9991
817 West North Loop Boulevard
Austin, TX
Omegabyte Computer Corporation
(512) 474-7900
1720 NationsBank Tower 515 Congress Avenue
Austin, TX
Heavenly Care Moving Solutions
(512) 340-0551
13266 Pond Springs Rd
Austin, TX

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Age Industries Inc
(512) 458-1452
408 West 40th Street
Austin, TX
Austin Vacuum
(512) 453-0421
5242 North Lamar Boulevard
Austin, TX
Craters & Freighters
(512) 326-1627
Austin, TX
Central Texas Moving
(512) 385-0050
800 Longhollow Road
Austin, TX
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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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