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Truck Leasing Pros and Cons Manchester NH

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.

Able Moving & Storage
(603) 882-2340
14 Howe Drive
Amherst, NH

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Usave Auto Van And Truck Rental
(603) 624-6627
81 Ross Avenue
Manchester, NH
(603) 668-1762
515 South Willow Street
Manchester, NH
Penske Truck Rental
(603) 627-4107
51 Faltin Drive
Manchester, NH
City Self Storage
(603) 669-8500
747 Grove Street
Manchester, NH
Dutile And Company
(603) 623-1340
1 Middle Street
Portsmouth, NH
Pathways Training Assocs
(603) 627-1022
S 8030 Willow
Manchester, NH
Uhaul Co
(603) 622-0406
229 Queen City Ave
Manchester, NH
National Machinery Movers
(603) 669-1323
645 Lake Av
Manchester, NH
D W Dunn Moving And Storage
(508) 481-9696
89 March Avenue
Manchester, NH
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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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