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Truck Leasing Pros and Cons Lehighton PA

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.

Eyrich's Moving & Storage Center
(610) 379-1276
118 Franklin Road
Lehighton, PA
Beltzville Storage
(610) 377-6750
175 Pohopoco Drive
Lehighton, PA
A Place for Your Stuff
(610) 377-9406
130 White Street
Lehighton, PA
Move 4 Less
(610) 852-5068
Apt. A 1 Oak Street
Palmerton, PA
Cherryville Self Storage
(610) 767-7992
763 Industrial Court
Cherryville, PA
Lehighton Self Storage
(610) 377-6500
454 South 3rd Street Rear
Lehighton, PA
Aaa Moving & Storage Co
(610) 377-9160
Lehighton, PA
Mitsubishi-Caterpillar Forklift
(610) 824-2274
791 Edgemont Avenue
Palmerton, PA
Miller Bryan Trucking Inc
(570) 386-4188
812 Lizard Creek Road
Andreas, PA
(610) 767-4813
6344 Route 309
New Tripoli, PA

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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