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Truck Leasing Pros and Cons Stony Brook NY

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.

Uhaul Co
(631) 689-6541
999 N Country Rd
Stony Brook, NY
Island Packaging And Shipping
(631) 689-8095
248 Route 25a
East Setauket, NY
Island Storage
(631) 444-0065
171 North Belle Mead Road
East Setauket, NY
C & G Moving And Storage Inc
(631) 754-5627
Centereach, NY
Self Storage Plus
(631) 696-9600
21 Hammond Road
Centereach, NY
Allied Van Lines Agents
(516) 489-1110
30 Jefferson Avenue
Saint James, NY
Astro Moving And Storage
(212) 936-0100
30 Jefferson Avenue
Saint James, NY
Atlantic Moving & Storage Corporation
(631) 928-3014
90 Comsewogue
East Setauket, NY
Ryder Truck Rental And Leasing
(631) 736-9726
21 Hammond Road
Centereach, NY
A Space Place
(631) 941-9002
380 Mark Tree Road
Centereach, NY

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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