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Truck Leasing Pros and Cons Greenwood SC

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.

J & J Browning Construction
(864) 227-9572
114 Beaverdam Creek Road
Greenwood, SC
U-Haul Co
(864) 227-2170
3103 Highway 25 S
Greenwood, SC
Southside Mini Storage
(864) 227-2161
1849 Edgefield Street
Greenwood, SC
Hughes Larry Construction Inc
(864) 227-2161
1849 Edgefield Street
Greenwood, SC
Dickert's Moving & Storage Co Inc - Local & Long Distance
(864) 229-5721
Po Box 941
Greenwood, SC
Jim's Moving & Delivery Svc
(864) 223-8575
209 Tarrant St
Greenwood, SC
Wood Glen Apartments
(864) 942-8890
310 North Emerald Road
Greenwood, SC
C & K Self Storage
(864) 941-3305
316 North Emerald Road
Greenwood, SC
Pulliam Trucking CO Inc
(864) 227-1022
2524 Highway 25 South
Greenwood, SC
Calhoun Self-Storage
(864) 943-0029
246 By-Pass 225
Greenwood, SC

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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