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Truck Leasing Pros and Cons Jacksonville AR

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.

Brandon Moving
(501) 228-5757
10505 Maumelle Blvd.
North Little Rock, AR

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Downtown Jacksonville Ministorage
(501) 982-2148
401 South 1st Street Ofc
Jacksonville, AR
Main Gate Storage
(501) 985-2162
1804 Marshall Road
Jacksonville, AR
Apache Moving And Storage Co
(501) 982-9493
1300 North Redmond Road
Jacksonville, AR
Momentum Movers
(501) 241-1077
Jacksonville, AR
Maddox Road Mini Storage
(501) 944-3707
114 East Maddox Road
Jacksonville, AR
Reds Mini Storage
(501) 982-8910
800 Carver Lane
Jacksonville, AR
Northgate Mini Storage
(501) 985-5054
503 Northgate Drive
Jacksonville, AR
North Pulaski Storage
(501) 834-2500
14708 Highway 107
Jacksonville, AR
Oakley Estate Mobile Home Park
(501) 982-4014
2613 Coffelt Road Lot 61
Jacksonville, AR
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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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