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Truck Leasing Pros and Cons Valley 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.

U-Haul CO - Independent Dealers- Lanett
(334) 768-4285
2315 South Broad Avenue
Valley, AL
 
Southern Storage
(334) 756-2402
1131 County Road 388
Valley, AL
 
Neils Mini Warehouses
(334) 576-8598
3301 20th Street Southwest
Lanett, AL
 
Riggers Fabricators Millwrights Inc
(334) 576-3736
4309 36th Avenue Southwest
Lanett, AL
 
Norreds Uhaul
(334) 644-1421
404 North Lanier Avenue
Lanett, AL
 
Freemans Custom Window Shop
(334) 756-9728
102 Hodge Street
Valley, AL
 
Fuller Five Enterprises
(334) 741-7444
5100 County Road 299
Cusseta, AL
 
Alabama Mini Storage
(334) 642-6464
9 East 18th Street
Lanett, AL
 
Cusseta Mini Storage
(334) 756-7368
2431 Lee County Road 266
Cusseta, AL
 
West Point Storage And Uhaul Rental
(706) 643-5700
1501 Ushighway 29
West Point, GA
 

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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