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Truck Leasing Pros and Cons Mountain Home AR

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.

Budget Truck Rental
(870) 425-4413
704 Highway 5 North
Mountain Home, AR
 
M And M Concrete Products Of Mtn Home
(870) 425-5411
1439 South College Street
Mountain Home, AR
 
U-Haul CO Independent Dealers - Independent Dealer
(870) 492-2079
5898 Highway 62 East
Mountain Home, AR
 
5 South Mini Storage
(870) 491-5813
Highway 5 South
Mountain Home, AR
 
Twin Lakes Movers
(870) 425-5007
622 Ray Street
Mountain Home, AR
 
Fritz Industries Inc
(870) 425-9038
623 Highway 5 North
Mountain Home, AR
 
Uhaul Co Independent Dealers Mountain Home
(870) 425-5007
622 Ray Street
Mountain Home, AR
 
Ups Store
(870) 424-6245
860 Highway 62 East
Mountain Home, AR
 
Mini Storage
(870) 425-3615
1313 Bradley Drive
Mountain Home, AR
 
Mini Storage - If No Answer Call
(870) 425-3615
1318 Bradley Drive Suite 11A
Mountain Home, AR
 

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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