Auto Leasing Guide
Go to now !
» » ยป

Truck Leasing Pros and Cons Tarboro NC

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.

Lancaster U-Store-It
(252) 823-8533
715 Fountain Street
Tarboro, NC
U-Haul CO - Independent Dealers- Tarboro
(252) 641-4777
715 Fountain Street
Tarboro, NC
E-Z Mini-Storage
(252) 977-1616
319 Northeast Main Street
Rocky Mount, NC
Horne Storage Co Inc
(252) 442-4823
Rocky Mount, NC
Jackson Moving & Storage CO
(252) 446-3142
2 Richards Drive
Rocky Mount, NC
Kanban Logistics
(252) 823-7522
614 Daniel Street
Tarboro, NC
U-Haul Co
(252) 827-3065
103 Greene St
Macclesfield, NC
B & F Transport Inc
(252) 972-6751
5180 Cokey Road
Rocky Mount, NC
Leonard's Garage
(252) 446-5008
2456 North Raleigh Street
Rocky Mount, NC
Aero Mayflower Transit Agency
(252) 442-0229
Rocky Mount, NC

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...

Click here to read the rest of this article from Lease Guide