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Truck Leasing Pros and Cons Zeeland MI

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.

Access Mini Storage
(616) 748-4999
3440 88th Avenue
Zeeland, MI
Supreme Transport
(616) 748-9339
2496 84th Avenue
Zeeland, MI
Lodeso Inc
(616) 748-5560
10845 Chicago Dr
Zeeland, MI
Hudsonville Truck And Trailer Service
(616) 896-8900
4201 32nd Avenue
Hudsonville, MI
DC Storage
(616) 669-4006
4651 40th Avenue
Hudsonville, MI
Mt Room Storage
(616) 748-9933
9436 Adams Street
Zeeland, MI
Glow Ministries International
(616) 772-3370
156 East Main Avenue
Zeeland, MI
Uhaul Co.
(616) 748-8808
3440 88th Ave
Zeeland, MI
Uhaul Co National Oneway Reservations Independent Dealers Hudsonv
(616) 896-8900
4201 32nd Avenue
Hudsonville, MI
Creative Handling Inc
(616) 669-1400
3566 Highland Drive
Hudsonville, MI

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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