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Truck Leasing Pros and Cons Canon City CO

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.

Ary Brothers Trucking Inc
(719) 275-9579
839 Mackenzie Avenue
Canon City, CO
Cornella Bros Mini Storage
(719) 275-3862
2730 North 9th Street
Canon City, CO
Ustoreem Corporation
(719) 269-1657
428 South 9th Street
Canon City, CO
Orchard Park Drivein Maxi Storage
(719) 269-3892
1271 Lawrence Street
Canon City, CO
Herzog Realty And Associates
(719) 275-1541
1451 Sherman Avenue
Canon City, CO
Marys Magazineself Storage
(719) 275-0525
1035 Field Avenue
Canon City, CO
Lamborn Mini Storage And Uhaul
(719) 275-8806
1634 Cedar Avenue
Canon City, CO
Safe Transport
(719) 275-6121
2101 Central Avenue
Canon City, CO
Budget Truck Rental
(719) 275-0705
401 South 9th Street
Canon City, CO
Uhaul Co
(719) 275-5685
111 N Orchard Ave
Canon City, CO

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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