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Truck Leasing Pros and Cons Tahlequah OK

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.

Snake Creek RV Boat & Mini Storage
(918) 457-9990
19058 West Snake Creek Road
Tahlequah, OK
AA Discount Storage
(918) 456-1278
2456 South Muskogee Avenue
Tahlequah, OK
Tahlequah Mini-Storage
(918) 456-8824
1506 North Grand Avenue
Tahlequah, OK
U-Haul Co
(918) 453-0275
2060 Heritage Lane
Tahlequah, OK
Cayce Transportation
(918) 453-0008
26538 East 626 Road
Tahlequah, OK
Classy Cars
(918) 456-5222
1612 South Muskogee Avenue
Tahlequah, OK
Sooner Mini Storage
(918) 458-1120
301 North Muskogee Avenue
Tahlequah, OK
Keys Boat & Mini Storage
(918) 458-0340
25121 Highway 82
Tahlequah, OK
Storage Motors
(918) 458-0340
25121 Highway 82
Tahlequah, OK
RW Transportation
(918) 458-1243
4824 North Oaks Road
Tahlequah, OK

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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