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Truck Leasing Pros and Cons Helena MT

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.

Reynolds & Associates
(406) 442-4973
1805 Joslyn Street Trailer 229
Helena, MT
 
AAA Self Service Storage
(406) 442-1758
1530 Columbia Avenue
Helena, MT
 
Montana Broom And Brush Supply
(406) 449-6144
3151 Airport Road
Helena, MT
 
Mini Storage Center
(406) 442-0297
2520 Euclid Avenue
Helena, MT
 
Mergenthaler Transfer & Storag
(406) 442-9470
1414 N Montana Ave
Helena, MT
 
Tiger Express
(406) 458-0074
2905 North Montana Avenue
Helena, MT
 
Lyndale Avenue Self Storage
(406) 442-4429
5290 Stonebridge Drive
Helena, MT
 
R And R Diesel And Heavy Haul Repair Inc
(406) 442-2662
1060 Blaine
Helena, MT
 
Mergenthaler Transfer
(406) 442-4356
1450 Carter Drive
Helena, MT
 
All Star Storage
(406) 449-0550
2734 Colonial Drive
Helena, MT
 

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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