Auto Leasing Guide
Go to now !

Truck Leasing Pros and Cons Morganton NC

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.

Highway 64 Storage
(828) 438-8475
2210 US64
Morganton, NC
Carbon City Storage
(828) 584-9108
130 Romarco Street
Morganton, NC
Add A Space Mini Storage
(828) 438-4300
138 North Sterling Street
Morganton, NC
Schwind Joseph A Jr Smurfit-Stone Containr Crp OFC
(828) 433-7125
202 Charles Avenue
Morganton, NC
Kimberlin's Piano Service
(828) 433-7863
420 East Fleming Drive
Morganton, NC
Megatech Llc
(828) 584-9108
130 Romarco Street
Morganton, NC
Atlas Van Lines Agent
(828) 437-7162
366 East Fleming Drive
Morganton, NC
Hood Moving & Storage Inc
(828) 287-2286
Highway 64
Morganton, NC
The Storage Place
(828) 437-5005
West US70 Highway
Morganton, NC
A To Z Storage
(828) 432-0210
1019 East Union Street
Morganton, NC

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