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Truck Leasing Pros and Cons Cartersville GA

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.

Cascade Apartments
(770) 382-6115
100 Mockingbird Drive
Cartersville, GA
Cass Mini Warehouses
(770) 382-8895
1210 North Tennessee Street
Cartersville, GA
The Mullinax Team
(770) 606-0054
103 Mockingbird Drive
Cartersville, GA
Cartersville Moving And Storage
(770) 607-8299
75 Austin Road Southwest
Cartersville, GA
Sugar Valley Kwik Shop
(770) 382-5864
1061 Sugar Valley Road Southwest
Cartersville, GA
Cass Mini Storage
(770) 382-1100
24 Chunn Facin Road Northwest
Cartersville, GA
Smith Matthew
(770) 606-9976
58 Burnt Hickory Road Southwest
Cartersville, GA
Gateway Warehouse Inc
(770) 607-3522
50 Kent Drive Northwest
Cartersville, GA
Uhaul Co.
(770) 386-6301
21 Branton Rd Se
Cartersville, GA
Howren Michael Realty
(770) 382-8585
1310 Highway 411 Northeast
Cartersville, GA

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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