Auto Leasing Guide
Go to now !

Truck Leasing Pros and Cons Vincennes IN

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.

Storage Executive
(812) 882-6977
102 Executive Boulevard
Vincennes, IN
Wheaton Van Lines
(812) 882-8860
1611 Broadway Street
Vincennes, IN
Fifteenth St Selfstorage
(812) 882-5650
1611 Broadway Street
Vincennes, IN
Whitsons Storage
(812) 886-4858
1902 North 2nd Street
Vincennes, IN
Uhaul Co.
(812) 886-6457
1238 S 18th St
Vincennes, IN
Ez Store Self Storage
(812) 886-6171
1860 South Old Us41
Vincennes, IN
Star Rental
(812) 886-6790
701 South 13th Street # 2
Vincennes, IN
Mischler Intercity Delivery Service And Frntre Mvrs
(812) 882-1575
1605 East Saint Clair Street
Vincennes, IN
Packaging Corporation of America
(812) 882-7631
408 East Saint Clair Street
Vincennes, IN
Budget Truck Rental
(812) 886-9976
102 Executive Boulevard
Vincennes, IN

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