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Truck Leasing Pros and Cons Huntington WV

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.

Washington Avenue Mini Storage
(304) 525-7170
546 Washington Avenue
Huntington, WV
Office And Commercial Moving
(304) 697-6006
Huntington, WV
Nationwide Moving & Storage
(304) 523-8858
1005 8th Avenue
Huntington, WV
Chesapeake Transfer, LLC.
(740) 479-0370
Chesapeake, OH
Five Star Moving & Storage
(304) 525-6001
Huntington, WV
U-Haul CO - Moving Center- Huntington
(304) 525-0814
1528 9th Avenue
Huntington, WV
Watts Brothers Moving & Storage Systems
(304) 529-0571
1301 7th Avenue Ofc A
Huntington, WV
Transpec Trucking LLC
(304) 525-8200
4211 5th Street Rd
Huntington, WV
E-Z Store Self Storage
(304) 529-7225
3100 Woodville Drive
Huntington, WV
Dudley's Mini Storage Center
(304) 523-7867
West 13th Street & Vanburen
Huntington, WV

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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