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Truck Leasing Pros and Cons Grand Junction 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.

Professional Move Mgmt
(970) 242-4499
Grand Junction, CO
 
Clifton Mini Storage
(970) 434-4045
3159 Perkins Drive
Grand Junction, CO
 
Storage Rental Inc
(970) 245-4541
167 South 17th Street
Grand Junction, CO
 
Bailey's Moving & Storage of Grand Junction
(970) 241-3636
1257 Winters Avenue
Grand Junction, CO
 
Stockmasters Corporation
(970) 245-5920
2135 I-70 Business Loop
Grand Junction, CO
 
Storms Mobile Home Service
(970) 243-4531
917 South Avenue
Grand Junction, CO
 
Agent For Allied Van Lines
(970) 241-3636
1257 Winters Avenue
Grand Junction, CO
 
Wastren Inc
(970) 256-1134
1401 North 1st Street
Grand Junction, CO
 
Uhaul Co
(970) 243-7938
1210 North Ave
Grand Junction, CO
 
A Second Attic
(970) 241-1996
424 South 5th Street
Grand Junction, 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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