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Truck Leasing Pros and Cons West Bend WI

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.
(262) 306-6873
3010 W Washington St
West Bend, WI
 
Hanke Pro-Shop
(262) 334-7311
1022 South Main Street
West Bend, WI
 
U-Haul CO - Independent Dealers- West Bend
(262) 334-1123
170 West Progress Drive
West Bend, WI
 
Washington County Movers
(262) 334-7088
West Bend, WI
 
Aarow Moving
(262) 334-7088
West Bend, WI
 
ROBO
(262) 335-0380
1975 North Main Street
West Bend, WI
 
Midwest Assembly Warehouse & Distribution LLC
(262) 335-1980
5001 County Road G
West Bend, WI
 
HWY 33 Mini Storage
(262) 334-3284
4246 Highway 33
West Bend, WI
 
Magellan Van Lines
(262) 334-0344
West Bend, WI
 
A Northside Storage LLC
(262) 334-9494
7341 Friendly Drive
West Bend, WI
 

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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