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Truck Leasing Pros and Cons Longview TX

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.

Century Corrugated Container Inc
(903) 753-4006
436 East Nelson Street
Longview, TX
Higgs Moving Service
(903) 660-2776
3300 Lansing Switch Rd
Longview, TX
North American Van Lines
(903) 757-3244
202 North 6th Street
Longview, TX
ABC Moving CO
(903) 295-7283
3800 Paluxy Drive Suite STE
Longview, TX
Aaa-Total Packaging
(903) 758-7888
1000 North 3rd Street
Longview, TX
E-Z Self Storage
(903) 753-1918
204 Fountain Bleau Avenue
Longview, TX
Delia Drive Self Storage
(903) 757-4811
507 Delia Drive
Longview, TX
Law Office Of John W Moore P C
(903) 236-3500
111 West Tyler Street
Longview, TX
Lock Box East
(903) 758-9347
1700 East Marshall Avenue
Longview, TX
ABC Roofing
(903) 759-8152
4805 Gilmer Road
Longview, TX

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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