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Truck Leasing Pros and Cons Kalispell 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.

Kinniburgh Construction
(406) 756-1721
Po Box 7066
Kalispell, MT
 
Ranger Storage
(406) 752-7867
4181 USHighway 93 South
Kalispell, MT
 
Smith Logging Inc
(406) 755-0135
1987 Farm To Market Road
Kalispell, MT
 
Treweek Mini Storage
(406) 752-2835
3220 USHighway 93 South
Kalispell, MT
 
Valley Transfer & Storage
(406) 755-6683
2465 USHighway 93 South
Kalispell, MT
 
D And D Storage
(406) 257-9066
3225 Ushighway 2 West
Kalispell, MT
 
Mcelroy And Wilken Inc
(406) 755-5775
801 Whitefish Stage
Kalispell, MT
 
Schlegel and Sons Contractors Inc
(406) 752-7850
2584 USHighway 93 South
Kalispell, MT
 
Alpine Storage
(406) 755-0002
Po Box 2947
Kalispell, MT
 
Hankinson Ed Trucking
(406) 756-0145
1580 Three Mile Drive
Kalispell, 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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