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Truck Leasing Pros and Cons Lincoln NE

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.

U-Haul Co
(402) 464-8133
540 N 46th St
Lincoln, NE
Kiss Self Storage
(402) 466-6626
710 North 48th Street
Lincoln, NE
Judah Caster And Wheel Co
(402) 345-1170
2621 Farnam Street
Omaha, NE
Capitol City Mini-Storage
(402) 464-9390
2905 North 38th Street # 1
Lincoln, NE
NOGG Chemical & Paper
(402) 466-4555
4616 Pierce Drive
Lincoln, NE
Big Red Self Storage
(402) 465-8900
540 North 46th Street
Lincoln, NE
Tower View Mini Storage
(402) 467-1001
4100 Industrial Avenue
Lincoln, NE
Midlands Packaging Corporation
(402) 464-9124
4641 North 56th Street
Lincoln, NE
Agee's Towne Parking
(402) 435-8905
1313 M Street
Lincoln, NE
Stor-It 4 Less
(402) 467-5377
4216 Progressive Avenue
Lincoln, NE

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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