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Truck Leasing Pros and Cons Lehigh Acres FL

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.

A & R Discount Moving, Inc.
(239) 337-2244
11350 Metro Parkway Unit 118-A
Fort Myers, FL

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Family Mover
(239) 690-7242
5252 Centennial Boulevard
Lehigh Acres, FL
Uncle Bobs Self Storage
(239) 334-8000
800 Abrams Boulevard
Lehigh Acres, FL
Modern Movers Inc
(239) 368-2288
5607 8th Street West
Lehigh Acres, FL
Lehigh Mini Warehouse
(239) 368-2996
420 Lee Boulevard
Lehigh Acres, FL
J&M and Son's Moving
(941) 690-0490
1701 Colonial Avenue
Lehigh Acres, FL
Lehigh Mini Storage
(239) 369-7897
302 Lee Boulevard Suite 101
Lehigh Acres, FL
Sheds N More Inc
(239) 303-9998
603 Leonard Boulevard North
Lehigh Acres, FL
Jandm And Sons Moving
(941) 690-0490
1701 Colonial Avenue
Lehigh Acres, FL
ASAP Storage
(239) 368-0300
3021 Lee Boulevard
Lehigh Acres, FL
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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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