Home | Gallery | Forum | Ads YESTERDAYSTRUCK.COM 
The Classic Truck Resource Page
Vintage Truck Headquarters

Featured Photo

Classified Ads
Photo Ads

Discussion Forum
Forum Archives

Misc Truck Photos
Ford Truck Photos
Picture List

Research & Info
Model Profiles
Ford F-Series
Truck Links

Contact Us

Related Sites
Antique Tractors
Kountry Life
Tractor Parts
Tractor Manuals

Classic Trucks

Re: Which is better:a lease or a loan?

[ Expand ] [ View Replies ] [ Add a Reply ] [ Return to Forum ]

Posted by pcrh on November 29, 2017 at 18:40:22 from (

In Reply to: Which is better:a lease or a loan? posted by TomGresh01 on November 28, 2017 at 01:40:18:

Both will have their advantages and a lot will depend on your personal situation.

Lease payments are fully deductible but with loans your interest and depreciation are tax deductible. Also the tax is part of your total cost and is therefore deductible.

Lease companies usually allow for normal wear and tear and then charge you at the end of the ease for extra wear and tear. When you own the unit your wear and tear can be whatever you are comfortable with.

Lease companies are not there to save you money, they are there to make money. In the long run lease will cost more than owning outright.

Treat the above as general comments and seek local help from a financial person for your area to get some information pertinent to your situation.


Add a Reply



Optional Link URL:

Link Title:

Optional Image URL:

Optional Video Title:

Optional Video URL:

Email Notification: If you check this box, email will be sent to you whenever someone replies to this message. Your email address must be entered above to receive notification. This notification will be cancelled automatically after 2 weeks.

Advanced Posting Tools
  Upload Photo  Select Gallery Photo 
Return to Post 


Copyright © 2002-2013 YesterdaysTruck.com
Antique Truck Headquarters