Auto Leasing Guide
Go to now !
» » ยป

Truck Leasing Pros and Cons Bedford IN

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.

Cosners Gun And Knife Shop
(812) 279-3515
2234 Industrial Drive # 37
Bedford, IN
Davis Self Storage
(812) 279-9340
2419 Dixie Highway
Bedford, IN
Stone City Title Insurance CO
(812) 277-1222
1602 I Street Suite 1
Bedford, IN
Keach & Grove
(812) 277-4429
1410 L Street
Bedford, IN
Uhaul Co
(812) 277-0854
514 K St
Bedford, IN
Filter Queen Sales And Service
(812) 275-3451
3148 Mitchell Road
Bedford, IN
Williams GMAC Real Estate
(812) 275-4401
3260 Williams Boulevard
Bedford, IN
D And R Storage
(812) 279-6375
872 Gas Line Road
Bedford, IN
The Vacuum Center-Of Bedford
(812) 275-3451
3148 Mitchell Road
Bedford, IN
Cut N Dry
(812) 849-6565
629 West Main Street
Mitchell, IN

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