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Truck Leasing Pros and Cons Fishers IN

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.

Allisonville Ministorage
(317) 594-9998
9915 Allisonville Road
Fishers, IN
Sandcreek Properties LLC
(317) 770-1088
13111 Marilyn Road
Fishers, IN
Storage Depot
(317) 558-8900
9499 East Washington Street
Fishers, IN
Standard Call Inc
(317) 842-2229
Fishers, IN
Shurgard Storage
(317) 841-3360
8890 Fitness Ln
Fishers, IN
Two Guys & A Truck
(317) 578-3560
Fishers, IN
Shurgard Self Storage
(317) 842-1994
9915 Allisonville Road
Fishers, IN
The Ups Store
(317) 582-1800
116th Street & Olio Road
Fishers, IN
Crown Moving & Storage
(317) 842-2229
8040 Castleton Road
Fishers, IN
Fortress Self Storage
(317) 570-1481
12650 Ford Drive
Fishers, IN

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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