Auto Leasing Guide
Go to now !
» » ยป

Truck Leasing Pros and Cons Sandy UT

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.

E-Z Moving
(801) 347-7786
Salt Lake City, UT

Data Provided by:
Equipment Transport Inc
(801) 571-0672
463 Wyandotte Avenue
Sandy, UT
Towne Storage
(801) 562-2322
9349 South 255 West
Sandy, UT
Public Storage
(801) 256-0981
9101 South State Street
Sandy, UT
Packaging Store
(801) 566-7225
215 Cottage Ave
Sandy, UT
With Expression
(801) 572-1914
783 East 10600 South
Sandy, UT
Storage Plus Inc
(801) 255-1500
8425 South State Street
Sandy, UT
U-haul Co.
(801) 352-9009
9349 S 255 W
Sandy, UT
Frankco Transportation
(801) 601-3183
9192 South 300 West
Sandy, UT
Quality Warehouse Center
(801) 255-6891
8750 Harrison Street
Sandy, UT
Data Provided by:

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