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Truck Leasing Pros and Cons Harriman TN

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.

Moores Inc
(865) 882-2356
2839 Roane State Highway
Harriman, TN
Budget Truck Rental
(865) 882-9479
253 South Roane Street
Harriman, TN
Harriman Storage
(865) 882-5550
502 North Roane Street
Harriman, TN
Blue-J Storage
(865) 376-1922
Highway 70 East
Kingston, TN
Pickel Partners
(865) 376-8900
501 North Kentucky Street
Kingston, TN
Central Auto Parts & Supplies Inc
(865) 882-6700
1019 South Roane Street
Harriman, TN
Security Storage System
(865) 882-6700
1019 South Roane Street
Harriman, TN
Southern Security
(865) 376-6297
1700 Oak Hills Drive
Kingston, TN
U-Haul Co
(865) 376-0170
2405 Roane State Hwy
Harriman, TN
U-Haul CO - Independent Dealers- Kingston
(865) 717-8976
1408 Gallaher Road
Kingston, TN

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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