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Truck Leasing Pros and Cons Post Falls 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.

T And L Enterprising Llc
(208) 773-4595
3855 East Poleline Avenue
Post Falls, ID
 
TGR Logistics
(208) 777-1875
3626 West Lark Avenue
Post Falls, ID
 
Absolutely Anything
(208) 773-2828
3430 East Seltice Way
Post Falls, ID
 
Claude Fry Trucking
(208) 773-4129
215 East 16th Avenue
Post Falls, ID
 
Westland Transport
(208) 773-4145
1601 North Summer Rose Street
Post Falls, ID
 
Budget Truck Rental
(208) 777-9067
4565 East Seltice Way
Post Falls, ID
 
Uhaul Co.
(208) 773-6603
3912 E 12th Ave
Post Falls, ID
 
North McGuire Mini Storage
(208) 773-4280
14225 West Stone Avenue
Post Falls, ID
 
Stow And Go Self Storage
(208) 773-3556
410 North Greensferry Road
Post Falls, ID
 
Rainbow Local Moving
(208) 777-0902
114 Scott Street
Post Falls, 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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