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Truck Leasing Pros and Cons Dothan AL

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.

B M I Storage Center L L C
(334) 712-0412
2582 South Brannon Stand Road
Dothan, AL
Wiregrass Warehouse Inc
(334) 678-8083
Po Box 1164
Dothan, AL
American Self Storage Brannon Stand
(334) 671-5770
1909 South Brannon Stand Road
Dothan, AL
Glenns Mail Order
(334) 714-6323
3355 Kinsey Road
Dothan, AL
Atlas Van Lines Agent
(334) 793-9774
150 Tinker Court
Dothan, AL
Sunrise Self Storage
(334) 702-4700
478 Sunrise Drive
Dothan, AL
United Van Lines
(334) 793-1170
116 South Woodburn Drive
Dothan, AL
Trawick Storall
(334) 793-2897
175 Bob Hall Road
Dothan, AL
AAA Southern Forwarding Inc
(334) 702-9195
1446 Westgate Parkway
Dothan, AL
North American Van Lines Agent
(334) 793-2324
1230 Headland Avenue
Dothan, AL

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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