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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.

Store All Systems Inc
(561) 732-4225
1375 West Hillsboro Boulevard
Deerfield Beach, FL
 
Pak Mail
(954) 428-6866
3840 West Hillsboro Boulevard
Deerfield Beach, FL
 
Cove Executive Building
(954) 427-6060
1500 Southeast 3rd Court Suite 101
Deerfield Beach, FL
 
Boca And Deerfield Storage
(954) 426-3055
950 South Powerline Road
Deerfield Beach, FL
 
Ustoreit
(954) 426-4477
349 West Hillsboro Boulevard
Deerfield Beach, FL
 
Door To Door Storage Inc
(954) 327-3387
Deerfield Beach, FL
 
Uhaul Co
(954) 481-2522
1441 Sw 1st Way
Deerfield Beach, FL
 
Crystal Lake Boat And Rv Storage
(954) 973-4331
1951 Northwest 44th Street
Deerfield Beach, FL
 
Mail Boxes Etc
(954) 725-0655
1121 South Military Trail Ofc
Deerfield Beach, FL
 
Budget Mini Storage
(954) 725-9889
150 S. Powerline Rd.
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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