Auto Leasing Guide
Go to LeaseGuide.com now !

Truck Leasing Pros and Cons Grand Forks ND

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.

Britton Transport Inc
(701) 772-6681
1119 North 42nd Street
Grand Forks, ND
 
Packaging Store
(701) 772-6686
4700 Demers Ave
Grand Forks, ND
 
Whalen's Moving & Storage Inc
(701) 775-5557
900 1st Avenue North
Grand Forks, ND
 
Senske & Son Transfer
(701) 746-6472
2221 North 42nd Street
Grand Forks, ND
 
Appliance & Furniture Rentall
(701) 772-8163
3901 South Washington Street
Grand Forks, ND
 
Whalen?s Moving And Storage
(701) 775-5557
900 1st Ave N,
Grand Forks, ND
 
A-1 Vacuum
(701) 772-0911
409 Gateway Drive
Grand Forks, ND
 
Mini Store All
(701) 772-8133
617 South 47th Street
Grand Forks, ND
 
Mini Store All Self Storage Center
(701) 772-8163
3901 South Washington Street
Grand Forks, ND
 
All About Moving
(701) 772-4100
Grand Forks, ND
 

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...

Click here to read the rest of this article from Lease Guide