Auto Leasing Guide
Go to now !
» » ยป

Truck Leasing Pros and Cons Greeley 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.

Dandelion Moving & Storage Inc
(970) 395-9833
Greeley, CO
Eisenman Transportation Services
(970) 352-2990
1612 1st Avenue
Greeley, CO
United Van Lines Agent
(970) 330-7500
Greeley, CO
Professional Moving & Delivery Service
(970) 351-6197
8162 East County Road 20 Centre Co
Greeley, CO
St Vrain Moving & Storage
(970) 351-0505
Greeley, CO
A AA King Self Storage
(970) 475-0355
715 7th Street
Greeley, CO
Budget Truck Rental
(970) 356-3733
1030 7th Avenue
Greeley, CO
A Affordable Secure Storage
(970) 356-7090
1001 O Street
Greeley, CO
Dedicated Express
(970) 346-9982
1220 11th Avenue Suite 109
Greeley, CO
(970) 356-6555
2025 1st Avenue
Greeley, 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...

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