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Truck Leasing Pros and Cons Tallahassee FL

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.

Capital Business Center
(850) 224-4009
1851 South Monroe Street
Tallahassee, FL
Action Performers
(850) 926-5507
2929 South Adams Street
Tallahassee, FL
Carroll & CO Relocation Service Inc
(850) 591-3905
Tallahassee, FL
Budget Storage
(850) 878-5666
2816 Joel Brown Drive
Tallahassee, FL
Classic Store And More
(850) 574-2100
1040 Capital Circle Northwest
Tallahassee, FL
A Man With A Truck Movers
(850) 224-2311
Tallahassee, FL
Affiliated Coins Antiques And Auctions
(850) 656-5486
2500 Apalachee Parkway
Tallahassee, FL
Charles Johnson House Movers
(850) 893-9419
Carr Lane
Tallahassee, FL
Capital Security Storage
(850) 574-4316
5086 Tenn Capital Boulevard
Tallahassee, FL
Middlebrooks Relocation System
(850) 576-1231
3965 W Pensacola St
Tallahassee, FL

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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