Auto Leasing Guide
Go to now !

Truck Leasing Pros and Cons Manitowoc WI

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.

Cleveland Storage LLC
(920) 682-5236
1077 Maple Street
Manitowoc, WI
Allstates Rigging Inc
(920) 684-9696
2900 Calumet Ave
Manitowoc, WI
Manitowoc Disposal & Recycling
(920) 682-7750
1800 Johnston Drive
Manitowoc, WI
Weyerhaeuser Company
(920) 684-4454
2000 South 18th Street
Manitowoc, WI
Precision Machine Works Inc
(920) 682-5236
5406 County Road R
Manitowoc, WI
Action Cycle & Mini Storage
(920) 682-3803
2881 County Road Circle
Manitowoc, WI
U-Haul CO - Independent Dealers- Manitowoc
(920) 684-7440
204 North 10th Street
Manitowoc, WI
(920) 684-3232
940 Maritime Drive
Manitowoc, WI
R & J Transport Inc
(920) 683-3228
608 North 41st Street
Manitowoc, WI
A & R Mini-Storage
(920) 684-1605
3008 South 26th Street
Manitowoc, WI

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...

Click here to read the rest of this article from Lease Guide