Auto Leasing Guide
Go to LeaseGuide.com now !

Truck Leasing Pros and Cons Beatrice NE

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.

A & A Self Storage
(402) 223-3488
Po Box 552
Beatrice, NE
 
Beatrice Mini Storage
(402) 228-2558
5848 West State Highway 4
Beatrice, NE
 
Denny's Self Storage
(402) 228-1900
566 West Court Street
Beatrice, NE
 
AA Self-Storage of Beatrice
(402) 228-4675
409 Sargent Street
Beatrice, NE
 
Bohling Realty Inc
(402) 228-2558
5848 West State Highway 4
Beatrice, NE
 
U-Haul CO - Independent Dealers- Beatrice
(402) 223-4544
700 Dorsey Street
Beatrice, NE
 
Bruns Darrell Construction
(402) 223-3488
Po Box 552
Beatrice, NE
 
Gage County Oil CO Inc - U-Store-It- Phillips 66 Distributor
(402) 223-3131
16th & Court
Beatrice, NE
 
Rolla-Rena Rentals
(402) 223-4173
1133 South 6th Street
Beatrice, NE
 
J & G Self Storage
(402) 645-8072
2nd & A Street
Blue Springs, NE
 

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...

Click here to read the rest of this article from Lease Guide