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Truck Leasing Pros and Cons Havelock NC

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.

Budget Truck Rental - Truck Rental Reservations
(252) 447-1770
238 USHighway 70 West
Havelock, NC
AAA Security Main Street Self Storage
(252) 447-4444
242 East Main Street
Havelock, NC
Bayer Investments Inc
(252) 447-0252
333 West Main Street Suite B
Havelock, NC
Pack & Mail Plus
(252) 447-6245
504 Hwy 70 W
Havelock, NC
Jackson Mini-Storage Warehouses
(252) 447-5243
101 West Main Street
Havelock, NC
Tool Box
(252) 447-4816
304 East Main Street
Havelock, NC
Agent For Allied Van Lines
(252) 444-1355
Havelock, NC
(252) 444-2007
304 East Main Street
Havelock, NC
Havelock Business Park
(252) 447-7071
255 Belltown Road
Havelock, NC
American Self Storage
(252) 447-6900
280 Shipman Road
Havelock, NC

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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