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Truck Leasing Pros and Cons Papillion NE

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.

Ford Brothers Van & Storage Co
(402) 597-3185
7402 L Street
Omaha, NE

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Jim's Moving And Delivery Co Inc
(402) 291-2490
5610 Highland Drive
Papillion, NE
Budget Storage - Bellevue
(402) 734-5858
802 East Cary Street
Papillion, NE
90th And Maple Self Storage
(402) 571-5714
3105 North 90th Street
Omaha, NE
Monarch Self Storage
(402) 339-4834
707 West 6th Street
Papillion, NE
Chieftain Van Lines
(402) 331-4021
7201 Main Street
Ralston, NE

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Johnson Drywall
(402) 592-0079
301 East 1st Street
Papillion, NE
Strong Box Mini Storage
(402) 596-1557
1502 Bristol Street
Papillion, NE
Kearney Moving Service
(308) 237-2445
229 Central Avenue
Kearney, NE
U-Haul Co
(402) 935-0142
137 W Lincoln St
Papillion, NE
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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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