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Truck Leasing Pros and Cons Clark 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.

Dynamic Moving
(908) 474-9008
510 W Elizabeth Av
Linden, NJ

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Iozzi Williams Realtors Inc.
(732) 382-4441
45 Brant Avenue
Clark, NJ
 
E G V Trucking Llc
(732) 340-0877
Rahway Area
Rahway, NJ
 
Lackland And Self Storage
(732) 396-3333
1420 Rahway Avenue Avene
Rahway, NJ
 
Uhaul Co
(732) 388-9829
1829 Rt 1-9 N
Rahway, NJ
 
Nassau World Wide Movers, Inc.
(631) 491-3600
160 Meister Ave. Bldg #3 Suite 32
Branchburg, NJ

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Access Self Storage Of Clark
(732) 680-1010
360 Central Avenue
Clark, NJ
 
Bti Movers
(732) 340-9009
30 West Scott Avenue
Rahway, NJ
 
University Van Lines
(732) 882-1060
1098 Randolph Avenue
Rahway, NJ
 
Hercules Movers
(732) 396-8883
1576 Hart Street
Rahway, NJ
 
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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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