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Truck Leasing Pros and Cons Russellville AR

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.

West Main Mini Storage & U-Haul
(479) 967-6500
West Main & Portland
Russellville, AR
Access Ministorage
(479) 967-7776
1208 East Main Street
Russellville, AR
North American Van Lines Interstate Agent
(479) 968-6309
1404 East 2nd Street
Russellville, AR
H C Divers DIV
(479) 967-3235
2008 East 2nd Street
Russellville, AR
Jacimore's Sheet Metal
(479) 968-3942
113 West 3rd Street
Russellville, AR
U-Haul Co
(479) 967-8077
4301 W Main St
Russellville, AR
U-Haul CO - Independent Dealers- Russellville
(479) 967-7929
208 South Arkansas Avenue
Russellville, AR
Bettys Speed Wash Coin Laundry
(479) 967-3511
2nd & Detroit
Russellville, AR
Navajo Shippers
(479) 880-9900
6440 Highway 64 East
Russellville, AR
Russellville Mini Storage
(479) 967-3511
2nd & Detroit
Russellville, AR

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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