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Truck Leasing Pros and Cons Brownsburg 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.

Jobes Motor Service Inc
(317) 769-7556
9575 East County Road 1000 North
Brownsburg, IN
Brownsburg Storage Court
(317) 852-8338
3680 North State Road 267
Brownsburg, IN
Brownsburg East Self Storage Locker
(317) 852-0061
1400 East Main Street
Brownsburg, IN
Uhaul Co.
(317) 858-1169
1400 E Main St
Brownsburg, IN
Document Storage & Management Inc
(317) 852-5050
39 North Grant Street
Brownsburg, IN
Hoosier Self Storage
(317) 852-2244
9579 Woodland Court
Brownsburg, IN
Top Shelf Storage
(317) 852-9334
4698 North County Road 900 East
Brownsburg, IN
Brownsburg Self Storage Locker Inc
(317) 852-5050
39 North Grant Street
Brownsburg, IN
Ups Store
(317) 858-1422
130 Northfield Drive
Brownsburg, IN
Brownsburg Storage Facility
(317) 852-5004
1530 Northfield Drive
Brownsburg, 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...

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