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Truck Leasing Pros and Cons Princeton WV

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.

North American Van Lines Agent
(304) 425-3371
208 Industrial Street
Princeton, WV
 
Protec Professional Technologies Inc
(304) 487-9099
Hilltop Drive
Princeton, WV
 
Mountaineer Mini Storage
(304) 425-5055
318 Oakvale Road
Princeton, WV
 
Jet Cat Construction
(304) 425-2804
1140 Glenwood Park Road
Princeton, WV
 
U-haul Co.
(304) 487-9401
Athens Rd
Princeton, WV
 
Wallace Van & Storage Corporation
(304) 425-3371
Princeton, WV
 
B & B Mini Storage
(304) 487-6000
102 Locust Street
Princeton, WV
 
Keesling Construction CO
(304) 425-9588
249 New Hope Road
Princeton, WV
 
American Pool Supply
(304) 487-5058
Vine Street Beckley Road
Princeton, WV
 
Leonard Alum Utilities Blds Inc
(304) 425-7141
Courthouse Road
Princeton, WV
 

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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