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Truck Leasing Pros and Cons Buckhannon WV

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.

Ace Rent A Space
(304) 472-2510
Rural Route 6 Box 539
Buckhannon, WV
G & H Trucking
(304) 472-8770
100 Island Avenue
Buckhannon, WV
Budget Truck Rental
(304) 472-1760
Old Weston Road
Buckhannon, WV
Stonewall Storage
(304) 269-0099
USHighway 33 East
Weston, WV
K & M Trucking
(304) 269-5120
393 Monroe Avenue
Weston, WV
Upshur Storage
(304) 473-1421
RR 4 Box 389
Buckhannon, WV
Elite Cleaners
(304) 472-7768
32 North Locust Street
Buckhannon, WV
Weston Storage Inc
(304) 269-2300
West 4th Street
Weston, WV
Sam Watson Trucking Inc
(304) 269-2886
Sauls Run
Weston, WV
U-Haul CO - Weston- Moving Center Independent Dealers
(304) 269-2001
518 Main Avenue
Weston, WV

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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