Hey,
I'm a small scale business owner from London. I would like to know more about truck financing. Because I'm thinking about buying a truck as soon as possible.

I already did some research on finding all the available options.
I came across a nearby company offering truck financing: http://www.truckloancenter.com/en-ca...easing-london/
And I think they're pretty good. I mean the applying is simple and quick. So is the approval process.

But I'm still confused and want to know if there is any hidden risk in leasing a truck?
And how much would it differ from a bank loan in terms of rate?
Hope someone would help.

 

I think if you conduct research on a particular truck leasing company and check reviews from real consumers at Yelp and conclude that the leasing company is okay, that would be your best option than paying interest on a car loan. When you pay monthly rates while leasing a truck, those fees add up and count toward your paying it off at the end of the leasing contract.









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Based on my experience, I contacted several agents first and requested for computation and let them explain the terms and whoever got the most suitable terms for me then that was the one I picked.