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Truck Leasing Pros and Cons Garden City KS

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.

Garden Spot Rentals
(620) 275-0114
108 North Main Street
Garden City, KS
Yknot Store It
(620) 271-0222
2624 North 10th Street
Garden City, KS
Aaa Secured Storage And Rentals Llc
(620) 275-9495
3105 East Mary Street
Garden City, KS
Johnson Apartments And Self Storage
(620) 275-6422
902 North 4th Street
Garden City, KS
Foltz Excavating Inc
(620) 272-4020
Po Box 1276
Garden City, KS
B And L Storage
(620) 275-4232
2307 Jones Avenue
Garden City, KS
Northcutt Inc
(620) 276-0552
2105 North Vfw Road
Garden City, KS
Southwest Pallets And Warehouse
(620) 275-4343
50 South Farmland Road
Garden City, KS
Inland Paperboard & Packaging Inc - Office
(620) 276-6349
2502 East USHighway 50
Garden City, KS
C And D Moving
(620) 275-9140
118 Anderson Street
Garden City, KS

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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