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Truck Leasing Pros and Cons Great Bend 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.

AL & Mary's Hair Styling
(620) 793-5251
1235 USHighway 281 Bypass
Great Bend, KS
Wagner Phil Truck Service Inc
(620) 793-9721
10 Harrison First
Great Bend, KS
Beakins Van Lines Agent
(620) 793-9180
1722 Main Street
Great Bend, KS
Uhaul Co.
(620) 793-5955
3810 10th St
Great Bend, KS
Weber Brothers House Movers
(620) 793-5511
RR 3 Box 39
Great Bend, KS
Rainbow Trucking Inc
(620) 792-3927
281 South Highway
Great Bend, KS
Anspaugh Rentals Todd Anspaugh
(620) 793-3260
1123 Washington Street
Great Bend, KS
Moeder Oil Company Inc
(620) 792-1203
2302 Railroad Avenue
Great Bend, KS
C And B Speciality
(620) 793-6272
505 Stone Street
Great Bend, KS
Anspaugh Ministorage
(620) 793-3260
1123 Washington Street
Great Bend, 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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