Auto Leasing Guide
Go to LeaseGuide.com now !

Truck Leasing Pros and Cons Claremore OK

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.

Rainbow House of Beauty
(918) 342-2261
9710 East Highway 88
Claremore, OK
 
Maxi-Mini Storage
(918) 341-8332
711 South Moretz Avenue
Claremore, OK
 
Route 66 Mini Storage
(918) 343-5551
9702 East 520 Road
Claremore, OK
 
One Tandy Place
(918) 341-4096
2307 Holly Road
Claremore, OK
 
U-haul Co.
(918) 343-9661
24985 S Highway 66
Claremore, OK
 
Affordable Self-Storage
(918) 341-4096
2307 Holly Road
Claremore, OK
 
U-haul Co.
(918) 343-5991
18520 S 4160 Rd
Claremore, OK
 
R L C Storage
(918) 341-4980
9937 East Highway 88
Claremore, OK
 
Warren Insulation & Drywall
(918) 341-6797
806 West Blue Starr Drive
Claremore, OK
 
U-Haul CO - Independent Dealers- Claremore
(918) 342-2461
310 South Lynn Riggs Boulevard
Claremore, OK
 

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