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Truck Leasing Pros and Cons Fresh Meadows NY

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.

A & A Alliance Moving Inc
(212) 575-8729
329 E 94 Str
New York, NY

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Mail Boxes Etc
(718) 820-0630
17625 Union Turnpike
Fresh Meadows, NY
State Van Moving Co
(718) 358-5424
6735 164th Street
Fresh Meadows, NY
Mels Trailer Rentals
(718) 353-6848
18903 Northern Boulevard
Flushing, NY
Penske Truck Rental Flushing
(718) 358-0839
41-16 147th Street
Flushing, NY
Empire Van Lines
(718) 969-4909
182-17 69 Av
Fresh Meadows, NY
Empire Relocation
(718) 820-0200
7745 164th Street
Fresh Meadows, NY
High Touch Moving Sysyem
(718) 261-5615
72-35 Park Dr
Flushing, NY
A Easyway Moving And Storage
(718) 353-4389
41 - 12 149 Street
Flushing, NY
R N M Moving And Storage Inc
(718) 382-8882
14008 69th Road
Flushing, NY
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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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