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Truck Leasing Pros and Cons Oregon City OR

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.

Money Saver Mini Storage
(503) 650-0307
19212 Beaver Creek Road
Oregon City, OR
 
Foundr Networks
(503) 650-0020
11942 Leann Marie Lane
Oregon City, OR
 
Penske Truck Rental - Truck Rental Locations- Clackamas
(503) 650-1679
133 Park
Oregon City, OR
 
Castner Trucking Inc
(503) 650-0778
18574 Highway 99E
Oregon City, OR
 
Money Saver Mini Storage - Oregon City
(503) 650-9301
1197 Molalla Avenue
Oregon City, OR
 
Storage USA
(503) 650-9588
708 Main Street Suite 206
Oregon City, OR
 
Applied Handling NW Inc
(503) 722-4390
1709 Washington Street
Oregon City, OR
 
Budget Truck Rental
(503) 657-7280
19426 Molalla Avenue
Oregon City, OR
 
Carriage House Music
(503) 655-0585
921 7th Street
Oregon City, OR
 
Fir Street Mini Storage
(503) 656-3095
13923 Fir Street
Oregon City, OR
 

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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