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Truck Leasing Pros and Cons Scottsbluff NE

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.

Scottsbluff Transfer & Storage
(308) 635-1991
1502 19th Ave
Scottsbluff, NE
XTRA Storage
(308) 635-3777
1520 East Overland
Scottsbluff, NE
Greg's Auto Body & Paint
(308) 632-3113
415 South Beltline Highway East
Scottsbluff, NE
Panhandle Moving and Storage
(308) 632-5894
1502 19th Avenue
Scottsbluff, NE
Rs Kennedy Trucking
(402) 693-2959
415 Highway 91
Dodge, NE
Brandt Fork Lift Repair & Sales
(308) 630-0795
110532 County Road 24
Scottsbluff, NE
North American Van Lines
(308) 632-7715
80419 County Road 19
Scottsbluff, NE
Option Iii Inc
(402) 593-7660
9340 G Court
Omaha, NE
Rons Towing And Storage
(308) 632-2400
200228 City Route
Scottsbluff, NE
Dime A Dozen Moving And Storage
(308) 635-3600
2314 Avenue I
Scottsbluff, NE

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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