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Truck Leasing Pros and Cons Saint Peters MO

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.

Place To Place
(314) 993-1339
St. Louis, MO

Data Provided by:
Mini Max RV Storage
(636) 447-7626
150 Boone Hills Drive
Saint Peters, MO
Aaa Overland Llc
(636) 928-2220
3939 Mexico Road
Saint Peters, MO
Penske Truck Rental
(636) 978-8030
7978 Veterans Memorial Park
Saint Peters, MO
U-Haul CO - Independent Dealers- St Peters
(636) 447-9578
1525 Jungermann Road
Saint Peters, MO
ABC Quality Moving
(636) 441-4108
111 Toelle Road
Saint Peters, MO
Budget Truck Rental - St Peters
(636) 928-0122
4290 North Service Road
Saint Peters, MO
Budget Truck Rental St Peters
(636) 441-4108
111 Toelle Road
Saint Peters, MO
Countywide Llc
(636) 397-5500
370 Brown Road
Saint Peters, MO
U Haul Company
(636) 946-1563
3990 Veterans Memorial Pkwy
Saint Peters, MO
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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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