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Truck Leasing Pros and Cons Golden CO

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.

(303) 278-2190
17270 West Colfax Avenue
Golden, CO
Candlelight Storage LLC
(303) 279-7832
1220 Isabell Street
Golden, CO
Hediger Relocation Services
(303) 526-9105
25 Pine Road
Golden, CO
Your Personal Mover Inc
(303) 277-1221
314 Arapahoe Street
Golden, CO
Teds Sheds
(303) 216-0242
13280 West 43rd Drive
Golden, CO
Two Men and A Truck
(720) 206-0150
700 Corporate Circle Suite K
Golden, CO
Colfax West Selfstorage
(303) 278-2171
18180 West Colfax Avenue
Golden, CO
Aone Storage Lot
(303) 279-9606
4690 Indiana Street
Golden, CO
Golden Storage
(303) 271-1593
732 Hogback Drive
Golden, CO
Weyerhaeuser Company
(303) 279-5511
4565 Indiana Street
Golden, CO

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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