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Truck Leasing Pros and Cons Brazil 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.

Sappington & Sons Moving, Inc.
(812) 235-6776
1801 N. 25Th St.
Terre Haute, IN

Data Provided by:
Uhaul Co
(812) 442-5835
1030 W National Ave
Brazil, IN
 
U-haul Co.
(812) 442-0041
7950 N State Road 59
Brazil, IN
 
Hoosier Storage
(812) 835-5029
40 South Hoosier Street
Brazil, IN
 
ICE Rigging
(812) 466-9000
Po Box 889
Terre Haute, IN
 
Storage Express
(812) 446-3300
1505 E. National Ave.
Brazil, IN
 
Right Way To Storage
(812) 442-7867
125 South Walnut Street
Brazil, IN
 
Reynolds Mini Self Storage
(812) 446-1343
8132 North State Road 59
Brazil, IN
 
U-Haul Co
(812) 442-0041
13788 N State Road 59
Carbon, IN
 
FT Harrison Storage
(812) 466-3091
Po Box 5243
Terre Haute, IN
 
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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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