Rate of leasing trucks has increased steadily over past some years. Actually, around 30% of the new vehicles get leased. It is because of lower expenses at the pump that reduces the cost of owning, and reasonable monthly lease payments that allow you get good amount for your money. No matter whether you go for the larger vehicle, or truck with the premium features then you are among the buyers who know the advantages of lease return trucks in the market. Stay assured that leasing the vehicle guarantees you the lower monthly payment. Check out the top reasons to go for leasing trucks:
- When leasing any vehicle, its payment will be less as you aren’t paying for the whole vehicle; you are just paying for depreciation on a vehicle. It is just like you’re renting any vehicle for length of its lease.
- Take begin of the greatest and latest technology & safety features in updated model and trucks. You may always have the new one in a driveway. Leasing any latest truck model offers you with the models update for advancing technology & impressive safety features that are added each year.
- The tax bill can reflect just the leased part not taxes on a total value of vehicle.
- The residual value means your vehicle is worth after its lease end. The value will be locked in at a beginning of its lease. The model re-designs and demand changes will not affect value of your vehicle at an end of its lease term. It is an important tip to the good lease deal that is finding the truck with very good residual value.
- Certain lease does not offer any down payment, so you just pay for first months lease and taxes and fees. But, it is the good idea you make the down-payment as it can lower down the monthly lease payment.
- You may take benefit of the tax credits on the business tax return. This is the huge benefit for the business owners that are buying fleet vehicles, and helpful to people with the credit concerns.
- Most of the lease terms last for 3 years and they are approximately same length as a basic warranty on majority of the vehicles. Suppose the lease includes cost of the basic maintenance, your expense will be insurance and gas.
- When terms of lease gets over, you may either trade-up over the newer models or outright buy the “leased” vehicle.