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Truck Leasing Pros and Cons Warrensburg MO

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.

Backstage Storage
(660) 747-8018
349 Southeast County Road Dd
Warrensburg, MO
 
Budget Truck Rental
(660) 747-7331
400 Northeast Ushighway 50
Warrensburg, MO
 
U Store All - Warrensburg
(660) 747-2644
Warrensburg
Warrensburg, MO
 
All Season Storage
(660) 747-9377
465 Northeast State Route 13
Warrensburg, MO
 
Reece And Nichols Warrensburg Whiteman Realty Inc
(660) 747-5050
625 East Russell Avenue
Warrensburg, MO
 
U-Haul CO - Independent Dealers- Knob Noster
(660) 747-7994
773 Northeast 50 Highway
Warrensburg, MO
 
Pembrooke Park And Mini Storage
(660) 747-7460
511 West Usbus 50 Highway
Warrensburg, MO
 
AAA Downtown Storage
(660) 747-0315
801 Pride Avenue
Warrensburg, MO
 
Wilson Self Storage
(660) 747-5306
349 Southeast County Road Dd
Warrensburg, MO
 
Pack N Mail
(660) 747-2799
501 North Maguire Street
Warrensburg, MO
 

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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