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Truck Leasing Pros and Cons Henderson KY

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 Independent Dealers Hickman
(270) 826-1442
1 South Main Street
Henderson, KY
Alexander Larry W
(270) 546-7668
4153 Briscoe Benton Road
Henderson, KY
Green Street Storage
(270) 827-8491
1629 South Green Street
Henderson, KY
Sunset Lane Miniwarehouse
(270) 826-3920
127 William And Mary Court
Henderson, KY
J And B Mechanical Llc
(270) 830-7000
1618 Obyrne Street
Henderson, KY
Green Street Packers
(270) 826-2272
232 North Main Street
Henderson, KY
Uhaul Co
(270) 827-8866
1401 Powell St
Henderson, KY
Green Moving And Storage Inc
(270) 826-6091
600 Vine Street
Henderson, KY
Bowling Inc Contractors
(270) 826-2803
9852 USHighway 60 West
Henderson, KY
Laugharys Mini Storage
(270) 830-8112
6701 Tillman Bethel Road
Henderson, KY

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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