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Truck Leasing Pros and Cons Nampa ID

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.
(208) 461-9580
820 7th St N
Nampa, ID
Uhaul Co Independent Dealers Nampa
(208) 463-4577
521 W Karcher Rd
Nampa, ID
Eagle Transfer Trinaco Inc
(208) 461-8668
1927 North Elder Street
Nampa, ID
Jake Owens Transportation
(208) 466-6664
1019 North Pit Lane
Nampa, ID
Pack And Mail
(208) 465-6141
117 North Kings Road
Nampa, ID
Republic Storage - Nampa
(208) 467-2111
1212 Shilo Drive
Nampa, ID
Airvan Moving Group
(208) 461-4444
910 East Fargo Avenue
Nampa, ID
Uhaul Co
(208) 463-4577
521 W Karcher Rd
Nampa, ID
Valley Trucking LLC
(208) 463-8069
2114 North 20th Street
Nampa, ID
Spokane Packaging
(208) 468-0185
911 East Fargo Avenue
Nampa, ID

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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