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Truck Leasing Pros and Cons Muscle Shoals AL

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.

Mid South Vending Co Inc
(256) 381-3900
207 Industrial Drive
Muscle Shoals, AL
 
Pace Cass Services
(256) 314-0800
4110 South Wilson Dam Road
Muscle Shoals, AL
 
Storage World
(256) 446-8600
5108 2nd Street
Muscle Shoals, AL
 
Double M Hydraulic And Machine Shop
(256) 381-8571
200 Industrial Drive
Muscle Shoals, AL
 
Muscle Shoals Mini Storage
(256) 381-4989
206 River Road
Muscle Shoals, AL
 
A And W Mini Storage
(256) 381-7844
1408 East 6th Street
Muscle Shoals, AL
 
B And K Mini Storage Inc
(256) 386-7786
102 Broadway Street
Muscle Shoals, AL
 
Shoals Storage
(256) 381-2670
2723 Avalon Avenue
Muscle Shoals, AL
 
Uhaul Co.
(256) 381-5889
703 Waverly Ave
Muscle Shoals, AL
 
River Road Mini Storage
(256) 381-4989
206 River Road
Muscle Shoals, AL
 

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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