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Truck Leasing Pros and Cons Brigham City UT

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.

C & D Storage & RV Storage
(435) 723-2249
Po Box 102
Brigham City, UT
 
Box Elder Storage CO
(435) 734-2592
1237 Beecher Avenue
Brigham City, UT
 
Smoot Brothers Transportation
(435) 744-0119
1995 North 2800 West
Brigham City, UT
 
Double D Storage
(435) 723-8130
1228 Beecher Avenue
Brigham City, UT
 
Udy's Storage Bays
(435) 723-1372
42 South 100 West
Brigham City, UT
 
Forest Street Storage
(435) 723-9370
2685 South 725 West
Brigham City, UT
 
U-haul Co.
(435) 734-1922
301 S Main St
Brigham City, UT
 
Paul Jones Trucking
(435) 734-9274
1095 North 800 West
Brigham City, UT
 
Secure Storage of Brigham City
(435) 723-1429
1075 North 800 West
Brigham City, UT
 
AA Alpine Storage
(435) 723-9760
535 North 900 West
Brigham City, UT
 

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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