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Truck Leasing Pros and Cons Buckeye AZ

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.

U-Haul Co
(623) 853-1918
821 N 195th Ave
Buckeye, AZ
 
Apache Ministorage
(623) 386-3939
170 North Apache Road
Buckeye, AZ
 
Eastman Farms Mini-Storage
(623) 386-6464
809 North 1st Street
Buckeye, AZ
 
Uhaul Co.
(623) 393-8622
616 S 7th St
Buckeye, AZ
 
Arizona Storage Centers
(623) 853-2323
18211 West McDowell Road
Goodyear, AZ
 
Uhaul Co
(623) 853-2349
17404 W Van Buren St
Buckeye, AZ
 
Dads Trucking Service Inc
(623) 386-1101
1416 North 362 Avenue
Buckeye, AZ
 
Buckeye Ministorage
(623) 386-6461
905 East Monroe Avenue
Buckeye, AZ
 
Astorage Depot
(623) 932-9300
14260 West Van Buren Street
Goodyear, AZ
 
Westview Self Storage & RV Storage
(623) 853-1505
17404 West Van Buren Street
Goodyear, AZ
 

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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