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Truck Leasing Pros and Cons Brookfield WI

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.

Bridgestreet Corporate Housing
(262) 784-0100
275 Regency Court Suite 101
Brookfield, WI
Shorewest Realtors - Corporate Office- Insurance Services- Divisions & Subsidia
(262) 827-4200
17450 West North Avenue
Brookfield, WI
The Ups Store
(262) 790-1815
3815 North Brookfield Road
Brookfield, WI
Mail Boxes Etc
(262) 790-1515
3815 North Brookfield Road
Brookfield, WI
M & H Industrial Service Inc - OFC
(262) 781-2826
17725 Bedford Drive
Brookfield, WI
Densing W Management
(262) 784-8334
12545 West Burleigh Road
Brookfield, WI
ABC Box CO Inc & Packaging Supplies
(262) 789-8066
20625 Enterprise Avenue
Brookfield, WI
U-haul Co.
(262) 781-0976
3595 N 124th St
Brookfield, WI
Clarke Floor Machine Parts
(262) 781-2770
3250 North 126th Street
Brookfield, WI
Mail Boxes Etc
(262) 821-1150
17125 West Bluemound Road Suite C
Brookfield, WI

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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