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Truck Leasing Pros and Cons Linden NJ

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.

Dynamic Moving
(908) 474-9008
510 W Elizabeth Av
Linden, NJ

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Storage Usa
(908) 523-9000
1711 West Edgar Road
Linden, NJ
 
El Mar Moving And Transportation Inc
(908) 523-0077
2525 Brunswick Av
Linden, NJ
 
Allstate Moving & Transfer CO
(201) 339-7889
1333 West Edgar Road
Linden, NJ
 
Lackland Self Storage
(908) 862-6622
480 Allen Street
Linden, NJ
 
A & A Alliance Moving Inc
(212) 575-8729
329 E 94 Str
New York, NY

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Moving For You
(908) 925-8800
1200 Fuller
Linden, NJ
 
Ustoreit
(908) 925-1052
1951 East Linden Avenue
Linden, NJ
 
Linden Self Storage
(908) 925-3232
916 East Elizabeth Avenue
Linden, NJ
 
Flexible Warehousing
(908) 587-5285
2025 East Linden Avenue
Linden, NJ
 
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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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