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Truck Leasing Pros and Cons Wailuku HI

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.

Aloha Kirby
(808) 242-5725
291 Hookahi Street Suite 110
Wailuku, HI
 
Movers Paknship Llc
(808) 243-7447
200 Waiehu Beach Road
Wailuku, HI
 
Wailuku Mini-Storage
(808) 244-7289
774 Lower Main Street
Wailuku, HI
 
Hhh Investments LLC
(808) 244-7289
774 Lower Main Street
Wailuku, HI
 
Maui Box Shop The
(808) 242-4143
1870 MILL ST
Wailuku, HI
 
Hawaii Express Moving Services
(808) 243-7447
200 Waiehu Beach Road
Wailuku, HI
 
Lindsey's
(808) 244-0669
1325 Lower Main Street Suite 204
Wailuku, HI
 
Central Maui Self Storage
(808) 986-8484
1710 Kaahumanu Ave
Wailuku, HI
 
Tri Isle Inc Tractor Dispatch
(808) 243-7447
200 Waiehu Beach Road
Wailuku, HI
 
Uhaul Co.
(808) 871-6601
150 Hana Hwy
Kahului, HI
 

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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