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Truck Leasing Pros and Cons White Hall AR

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.

Via Mini Storage
(870) 879-4402
Highway 79 & Camden
Pine Bluff, AR
 
Custom Woodworks Inc
(870) 247-3605
7003 Dollarway Road
White Hall, AR
 
Sulphur Springs Road Mini Storage
(870) 879-6250
8118 Sulphur Springs Road
Pine Bluff, AR
 
West 28th Avenue Selfstorage
(870) 536-0011
3400 West 28th Avenue
Pine Bluff, AR
 
Antiques And Things
(870) 879-0750
4214 Camden Road
Pine Bluff, AR
 
Uhaul Co.
(870) 247-3261
8702 Highway 270
White Hall, AR
 
Purnells Ministorage And Coin Laundry
(870) 536-1818
3202 West 28th Avenue
Pine Bluff, AR
 
Lively Realty Co And Apartment Rentals
(870) 534-2251
2123 South Blake Street
Pine Bluff, AR
 
U-Lock It Mini Storage
(870) 879-0750
4214 Camden Road
Pine Bluff, AR
 
Olive Street Mini Storage
(870) 534-7455
3009 South Olive Street
Pine Bluff, AR
 

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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