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Truck Leasing Pros and Cons Fort Lauderdale 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 It All Selfstorage
(954) 791-3131
6701 Northwest 18th Court
Fort Lauderdale, FL
Uhaul Co
(954) 587-2929
1201 N State Road 7
Lauderhill, FL
Miracle Products Co
(954) 583-0555
1360 Northwest 65th Avenue Suite N
Fort Lauderdale, FL
R And R Plastics
(954) 797-8150
6524 Northwest 13th Court
Plantation, FL
Gulf Atlantic Systems Inc
(954) 792-7028
6289 West Sunrise Boulevard
Plantation, FL
J S Trading Incorporated
(954) 791-9035
6524 Northwest 13th Court
Fort Lauderdale, FL
Headstart Express Inc
(954) 318-2084
1075 Sunset Strip
Sunrise, FL
A Millennium Moving And Storage
(954) 583-2828
1360 Northwest 65th Avenue Suite H
Plantation, FL
Budget Truck Rental
(954) 321-1957
5605 West Sunrise Boulevard
Plantation, FL
United Express Van Lines Inc
(954) 578-9100
6835 Sunset Strip
Sunrise, 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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