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Truck Leasing Pros and Cons Deerfield Beach FL

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.

Enviro Pak Inc
(954) 419-9516
924 Southeast 15th Street
Deerfield Beach, FL
 
Boca And Deerfield Storage
(954) 426-3055
950 South Powerline Road
Deerfield Beach, FL
 
Father And Son Mover
(954) 427-0999
780 South Deerfield Avenue
Deerfield Beach, FL
 
Storall Systems Inc
(954) 421-7888
1375 West Hillsboro Boulevard
Deerfield Beach, FL
 
Cove Executive Building
(954) 427-6060
1500 Southeast 3rd Court Suite 101
Deerfield Beach, FL
 
Store All Systems Inc
(561) 732-4225
1375 West Hillsboro Boulevard
Deerfield Beach, FL
 
Door To Door Storage Inc
(954) 327-3387
Deerfield Beach, FL
 
J And B Movers
(954) 570-3600
1600 South Powerline Road
Deerfield Beach, FL
 
Graebel Van Lines
(954) 418-8207
2900 Southwest 15th Street
Deerfield Beach, FL
 
Public Storage
(954) 421-4433
3350 Southwest 10th Street
Deerfield Beach, FL
 

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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