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Truck Leasing Pros and Cons Buckley WA

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.

U-Haul
(360) 829-1771
29285 Saint Route 410 East
Buckley, WA
 
Higgins Carl
(253) 862-1003
26306 State Route 410 East
Buckley, WA
 
410 Mini Storage
(253) 862-9266
19413 State Route 410 East
Bonney Lake, WA
 
Metro Freight Systems
(253) 863-2323
805 140th Avenue Court East
Sumner, WA
 
Seatac Packaging MFG
(253) 863-8788
1901 Fryar Avenue
Sumner, WA
 
Centennial Storage Center at Bonney Lake
(253) 891-8028
21905 State Route 410 East
Buckley, WA
 
K & M Storage
(253) 862-3515
22919 State Route 410 East
Buckley, WA
 
International Design Technologies Inc
(253) 862-1857
1510 Hubbard Street
Sumner, WA
 
U-haul Co.
(253) 862-1785
19515 State Route 410 E
Bonney Lake, WA
 
R & T Enterprises NW
(253) 826-4867
823 West Main Street
Sumner, WA
 

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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