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Truck Leasing Pros and Cons Sylacauga AL

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
(256) 378-9188
35670 Us Highway 280
Sylacauga, AL
ROBO Motors-Used-Cars & Trucks
(256) 249-8072
207 West Fort Williams Street
Sylacauga, AL
Uhaul Co Independent Dealers Sylacauga
(256) 378-9188
35670 Us Highway 280
Sylacauga, AL
U-Haul CO - Independent Dealers- Sylacauga
(256) 245-8210
34833 USHighway 280
Sylacauga, AL
Sylacauga Self Storage
(256) 245-0387
1310 Old Talladega Highway
Sylacauga, AL
U-haul Co.
(256) 249-2344
925 Merkel Loop
Sylacauga, AL
Harris Portable Buildings
(256) 245-2031
2741 Old Birmingham Highway
Sylacauga, AL
Guy Equipment And Erection Co Inc
(256) 245-2693
Highway 280
Sylacauga, AL
Uhaul Co.
(256) 245-2791
2866 Old Birmingham Hwy
Sylacauga, AL
U-Haul Co
(256) 249-2722
40638 US Highway 280
Sylacauga, AL

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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