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Truck Leasing Pros and Cons Conover NC

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.

Gold Touch Delivery
(828) 466-1211
1703 Pineview Street Southeast
Conover, NC
Tru-Pac Moving Systems
(828) 652-1144
1205 6th Street Southwest
Conover, NC
Eastside Self Storage
(828) 695-1234
307 South McLin Creek Road
Conover, NC
Tru-Pak Moving Systems Inc
(828) 859-9199
1700 Alum Court Northeast
Conover, NC
Atlas Van Lines
(828) 438-1800
1700 Alum Court Northeast
Conover, NC
Penske Truck Rental
(828) 465-5499
1215 4th Street Southwest
Conover, NC
Tru-Pak-United Van Lines Agent
(828) 754-2230
1700 Alum Court Northeast
Conover, NC
Isenhower Tru-Pak Moving & Storage United Van Lines Agent
(704) 588-0001
1700 Alum Northeast
Conover, NC
Triad Packaging Inc
(828) 465-2405
409 Thornburg Drive Southeast
Conover, NC
Gulf States Paper Corporation
(828) 464-5560
214 Conover Boulevard East
Conover, NC

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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