Auto Leasing Guide
Go to now !

Truck Leasing Pros and Cons Cambridge MA

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.

Gentle Giant Moving Co
(617) 661-3333
29 Harding Street
Somerville, MA

Data Provided by:
U-haul Center Of Somerville
(617) 625-2789
151 Linwood St
Somerville, MA
Cfree Self Storage
(617) 625-6410
86 Joy Street
Somerville, MA
Nick's Moving CO Inc
(617) 623-6665
40 Joy Street
Somerville, MA
Aardvark Movers
(617) 864-4497
40 Joy Street
Somerville, MA
Harrington Moving And Storage Associates Llc
(978) 475-7071
17-18 Dundee Pk-P.O. Box 1717
Andover, MA

Data Provided by:
A A Movers
(617) 491-7700
495 Columbia Street
Somerville, MA
Precision Self Storage
(617) 625-1400
460 Somerville Avenue
Somerville, MA
Academy Movers
(617) 625-5090
78 Crossing Street
Cambridge, MA
Mail Boxes Etc - Cambridge
(617) 868-5055
955 Massachusetts Avenue
Cambridge, MA
Data Provided by:

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...

Click here to read the rest of this article from Lease Guide