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Truck Leasing Pros and Cons Hayden ID

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.

Uhaul Co.
(208) 772-0236
1740 W Hayden Ave
Hayden, ID
Storage World Inc
(208) 772-2141
112 West Honeysuckle Avenue
Hayden, ID
Affordable Storage
(208) 772-5000
54299 North Old Highway 95
Hayden, ID
AAA Mini Storage
(208) 772-5555
6136 North Government Way
Hayden, ID
Clearwater Summit GRP Inc
(208) 772-0998
1400 East Hayden Avenue
Hayden, ID
Andys Self Storage
(208) 762-7808
1740 West Hayden Avenue
Hayden, ID
Air Way Self Storage
(208) 772-9134
921 West Hayden Avenue
Hayden, ID
Alberts Custom Audio And Video
(208) 762-9517
2795 West Hayden Avenue
Hayden, ID
Hayden Mini Storage
(208) 772-7977
9906 North Government Way
Hayden, ID
Hayden Avenue Boat & RV Storage
(208) 762-9517
2795 West Hayden Avenue
Hayden, ID

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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