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Truck Leasing Pros and Cons South Sioux City 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.

Metro Classic Storage Inc
(402) 895-5954
9740 South 147th Street
Omaha, NE
 
Merchants Leo Portable And Shop Welding
(402) 494-3683
4220 Elmway Avenue
South Sioux City, NE
 
Siouxland Mini Storage
(402) 494-9923
900 West 3rd Street
South Sioux City, NE
 
Supreme Carriers
(402) 494-5778
141 142 Street
South Sioux City, NE
 
Budget Truck Rental - Truck Rental Reservations
(402) 494-3830
2319 Cornhusker Drive
South Sioux City, NE
 
TMI Storage
(402) 494-4824
1542 Atokad Drive
South Sioux City, NE
 
Axles & Gears Inc
(402) 494-1328
567 Old Highway 20 West
South Sioux City, NE
 
Carrie's Muffler Mart
(402) 494-3683
4220 Elmway Avenue
South Sioux City, NE
 
Crane Rental & Rigging
(402) 494-2110
720 West 21st Street
South Sioux City, NE
 
U-Haul CO
(402) 494-6323
605 West 29th Street
South Sioux City, 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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