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Pros And Cons Of Buying A Truck Essay

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First, when you buy a truck or car you gain full ownership and you can keep it as long as you want to keep the vehicle. When You lease a truck or car, you don’t gain full ownership of the car and have to return the truck or car unless you decide to buy it.
Next thing to look at is the Up-Front Costs. With buying a new truck or car, the total cash payment includes the down payment, taxes, registration, and other fees. Which makes buying a new truck or car really expensive. With leasing a new car or truck, the total payment includes the first month payment, a refundable security deposit, a down payment, taxes, registration and other fees. The following is your monthly payment. When buying a new truck or truck, loan payments are usually higher …show more content…
When your gonna buy a truck, You can sell or trade in your vehicle at any time. But when leasing a new car or truck If you end the lease early, early-termination charges can be really expensive.
The next is mileage You're free to drive as many miles as you want. The higher the mileage you have on your truck or car, the less amount of money you’ll get. Leasing a new car or truck will limit the number of miles you may drive, often 12,000 to 15,000 per year and will add more to the cost if you go over the amounts of miles you’re limited to.
End of Term costs. After you pay the end of term payment after having your car or truck for four to five years, you have no further payments and this helps pay for your next vehicle. But for leasing a new car or truck, after about two to four years, you'll have to finance the purchase of the car,lease, or buy another new truck or car.
Customization. When you have your own truck or car, and you completely own it, you can customize the truck or car however you would like, but you can’t do this with a leased car or truck.Which means any modifications or custom parts you add will need to be removed before you return the car, and if you damage the car or truck, you’ll have to pay for the repair costs and then return the truck or car back if you don’t buy or lease

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