Auto Leasing Guide
Go to now !

Truck Leasing Pros and Cons Martinsburg WV

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.
(304) 260-0656
103 Berkeley Plz
Martinsburg, WV
Tri-Star Mini Storage
(304) 263-3803
101 Berkley Station Road
Martinsburg, WV
Hess' Service Center
(304) 263-7035
646 South Queen Street
Martinsburg, WV
South Queen Mini Storage
(304) 267-0425
726 Hack Wilson Way Martinsburg
Martinsburg, WV
Penske Truck Leasing Inc
(304) 262-4790
4017 Shepherdstown Road
Martinsburg, WV
Snyder Bailey & Assoc Inc
(304) 267-1050
404 W Burke St
Martinsburg, WV
Cogar & Dulyea Inc
(304) 267-0425
95 Sopwith Way
Martinsburg, WV
Sand Castle Storage
(304) 260-9020
Po Box 3448
Martinsburg, WV
U-Haul CO - Independent Dealers- Martinsburg
(304) 263-8151
646 South Queen Street
Martinsburg, WV
L & H Equipment Inc
(304) 264-8643
615 Packhorse Ford Road
Martinsburg, WV

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