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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
Cates Appliance Sales And Repair Plus
(406) 756-1239
805 West Center Street
Kalispell, MT
A HWY 93 Mini Storage
(406) 756-7975
420 Snowline Lane
Kalispell, MT
Sunburst Construction Inc
(406) 756-3463
Po Box 812
Kalispell, MT
Ranger Storage
(406) 752-7867
4181 USHighway 93 South
Kalispell, MT
D And D Storage
(406) 257-9066
3225 Ushighway 2 West
Kalispell, MT
Evert Enterprises
(406) 755-0002
496 Columbia Falls Stage
Kalispell, MT
Hankinson Ed Trucking
(406) 756-0145
1580 Three Mile Drive
Kalispell, MT
Rose Crossing Storage
(406) 257-3878
967 Rose Xing
Kalispell, MT
Mergenthaler Transfer
(406) 257-8570
707 West Center Street
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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