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Truck Leasing Pros and Cons Forest Hill MD

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.

Postman Plus - Corporate & New Store Information
(410) 256-7447
16 Newport Drive
Forest Hill, MD
 
Crabb M R Moving And Storage Inc
(410) 893-6689
1007 Southern Drive
Bel Air, MD
 
Thomas And Thomas Moving And Storage
(410) 893-9630
605 Westbury Road
Fallston, MD
 
Husky Oil North
(410) 893-2825
1702 Conowingo Road
Bel Air, MD
 
Stack And Store Ministorage
(410) 836-7026
122 North Tollgate Road
Bel Air, MD
 
Hickory Mini Storage
(410) 893-7666
603 Hoagie Drive
Bel Air, MD
 
Bel Air Commercial Park
(410) 836-0800
122 North Tollgate Road
Bel Air, MD
 
Budget Truck Rental Truck Rental Reservations
(410) 836-8840
2700 Bel Air Road
Fallston, MD
 
Von Paris B & Sons Inc
(410) 879-8500
Bel Air, MD
 
Ryan Moving And Storage Of Baltimore
(410) 893-6683
16 North Hays Street
Bel Air, MD
 

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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