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Truck Leasing Pros and Cons Bowling Green OH

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 Koehler Auto Sales
(419) 352-6154
18481 Brim Road
Bowling Green, OH
D & K Transport
(419) 352-2565
12539 Kramer Road
Bowling Green, OH
BG Storage Station
(419) 354-7867
15819 Bowling Green Rd W
Bowling Green, OH
A W S Inc
(419) 352-5397
520 Hankey Avenue
Bowling Green, OH
Koehler Undercar Specialist
(419) 352-6154
18481 Brim Road
Bowling Green, OH
Buckeye Self Storage
(419) 352-1520
1740 E Wooster
Bowling Green, OH
Leonine Corporation
(419) 353-3322
20356 North Dixie Hwy
Bowling Green, OH
Amish Oak Gallery & Home
(419) 354-3507
19901 North Dixie Highway Suite C
Bowling Green, OH
Mason's Storage
(419) 354-7368
435 East Wooster Street
Bowling Green, OH
Greenlock Storage
(419) 353-5800
13283 South Dixie Highway
Bowling Green, OH

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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