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Truck Leasing Pros and Cons Fort Dodge IA

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.

Diversified Storage Inc
(515) 955-4242
2451 North 32nd Street
Fort Dodge, IA
Budget Truck Rental
(515) 573-2662
1800 5th Avenue South
Fort Dodge, IA
Fort Dodge Mini Storage
(515) 576-4502
2372 170th Street
Fort Dodge, IA
Uhaul Co.
(515) 576-7820
3034 7th Ave S
Fort Dodge, IA
M Js Vacuum Center
(515) 573-2920
117 South 5th Street
Fort Dodge, IA
3 A Investment Inc
(515) 576-6333
1625 North 30th Street
Fort Dodge, IA
Barrett Moving & Storage
(515) 576-6333
Fort Dodge, IA
White Transfer And Storage Co Inc
(515) 573-7896
1834 Highway 20
Fort Dodge, IA
Great Plains Mini Storage
(515) 574-2320
730 Midway Boulevard
Fort Dodge, IA
U-Haul CO - Independent Dealers- FT Dodge
(515) 573-5681
2524 1st Avenue South
Fort Dodge, IA

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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