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Truck Leasing Pros and Cons Cape May Court House NJ

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.

Uhaul Co
(609) 889-5033
368 Stites Ave # 47
Cape May Court House, NJ
Arenberg Harold Inc
(609) 465-3148
27 Goshen Road
Cape May Court House, NJ
Burleigh Mini Storage
(609) 465-8088
663 Shunpike Road
Cape May Court House, NJ
Raff's Moving & Storage
(609) 465-7406
Cape May Court House, NJ
Goodmans Rt 47 Selfstorage
(609) 465-6311
State Hwy No 47
Cape May Court House, NJ
Raff Recycling Corporation
(609) 465-7406
209 Goshen Road
Cape May Court House, NJ
Cape Self Storage
(609) 465-7895
23 Oyster Road
Cape May Court House, NJ
A Safe Keeping
(609) 889-8287
3414 Bayshore Road North
Cape May Court House, NJ
A1 Easy Self Storage
(609) 886-8858
305 North Railroad Avenue
Cape May Court House, NJ
Barnyard Gazebos And Sheds
(609) 624-0404
Ushighway 9 North
Cape May Court House, NJ

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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