Auto Leasing Guide
Go to now !

Truck Leasing Pros and Cons Radcliff KY

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.

Rentaspace Mini Warehouse
(270) 351-3060
176 East Vine Street
Radcliff, KY
A Arnold World Class Relocation
(270) 877-6088
4582 South Wilson Road
Radcliff, KY
Arpin of Kentucky
(270) 352-5153
250 Globe Street
Radcliff, KY
R And G Industrial Services Inc
(270) 351-4111
116 Commerce Drive
Radcliff, KY
Uhaul Co.
(270) 351-1522
2500 S Dixie Blvd
Radcliff, KY
Arnold A & Son Transfer & Storage CO Inc
(270) 737-7088
Old 31 West
Radcliff, KY
Masden Miniwarehouse
(270) 351-3774
1430 North Logsdon Parkway
Radcliff, KY
Frenchs Miniwarehouse Storage
(270) 351-3422
317 West Elm Road
Radcliff, KY
Wilson Sue Real Estate
(270) 769-1991
574 N Dixie Blvd
Radcliff, KY
KDM Moving Systems
(270) 352-5096
252 Globe Street
Radcliff, KY

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...

Click here to read the rest of this article from Lease Guide