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Truck Leasing Pros and Cons Liberal KS

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.

Abc Selfstoreit
(620) 624-5161
605 Terminal Avenue
Liberal, KS
Scantlins Mini Storage
(620) 624-9108
338 East Park Street
Liberal, KS
Sierra Ranch
(620) 624-3481
321 Industrial Avenue
Liberal, KS
Carlile Enterprises
(620) 624-1402
220 West Pine Street
Liberal, KS
Moving Center
(620) 626-4232
East Highway 54
Liberal, KS
Affordable Storage
(620) 626-6368
83 South Highway Bypass
Liberal, KS
Marcellus House Moving LLC
(620) 624-5037
1017 East 8th Street
Liberal, KS
Uhaul Co.
(620) 624-7307
270 W Pancake Blvd
Liberal, KS
Packaging Store
(620) 626-4232
832 E Pancake Blvd # EAST
Liberal, KS
R C Construction
(620) 624-1402
224 West Pine Street
Liberal, KS

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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