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Truck Leasing Pros and Cons Mount Airy 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.

89 Self Storage
(336) 789-6037
830 West Pine Street
Mount Airy, NC
Arsco Self Storage & Mail Center
(336) 789-0001
1431 North Andy Griffith Parkway
Mount Airy, NC
Merritt Mini Storage
(336) 789-9900
324 Snowhill Drive
Mount Airy, NC
North American Van Lines Interstate Agent
(336) 789-5596
261 Hickory Street
Mount Airy, NC
U-Haul Co
(336) 352-4485
4976 W Pine St
Mount Airy, NC
Dobson Bag CO
(336) 374-5656
1638 Turner Mountain Road
Mount Airy, NC
U-Haul CO - Independent Dealers- Mount Airy
(336) 789-0620
1206 East Pine Street
Mount Airy, NC
52 Mini Storage
(336) 351-5090
177 Chestnut Ridge Road
Mount Airy, NC
Sheets Transfer & Storage Co
(336) 719-6857
261 Hickory Street
Mount Airy, NC
McHone Scott Plumbing
(336) 786-9198
909 Linville Road
Mount Airy, 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...

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