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Truck Leasing Pros and Cons Palm Harbor FL

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.

American Van Lines East, Inc.
(813) 935-1200
9922 Lazy Lane
Tampa, FL

Data Provided by:
Uhaul Co
(727) 944-3939
37502 Us Highway 19 N
Palm Harbor, FL
Climate Controlled Storage
(727) 789-4792
30722 USHighway 19 North
Palm Harbor, FL
United Selfstorage Countryside
(727) 784-2666
30772 Ushighway 19 North
Palm Harbor, FL
Biogroup USA Biobag
(727) 789-1646
2708 Alt 19
Palm Harbor, FL
A+ American Movers
(727) 216-9578
37240 US HWY 19N
Palm Harbor, FL
Elpac Inc
(727) 771-1022
31119 USHighway 19 North
Palm Harbor, FL
Safeguard Self Storage
(727) 784-0332
31100 Us Highway 19 North
Palm Harbor, FL
A 1 Movers
(727) 785-1626
Palm Harbor, FL
(727) 787-7991
29712 Ushighway 19 North
Palm Harbor, FL
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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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