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Truck Leasing Pros and Cons Casa Grande 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.

Casa Grande Self Storage
(520) 836-5971
15566 West Jimmie Kerr Boulevard
Casa Grande, AZ
 
Prindle Drum CO
(520) 426-9057
1391 North V I P Boulevard
Casa Grande, AZ
 
Norris RV
(520) 836-7921
973 West Gila Bend Highway
Casa Grande, AZ
 
Active Self Storage
(520) 876-9372
819 North French Street
Casa Grande, AZ
 
U-Haul CO - Independent Dealers- Casa Grande
(520) 836-0083
509 West Cottonwood Lane
Casa Grande, AZ
 
John Walker Trucking
(520) 836-1790
2070 North Hacienda Road
Casa Grande, AZ
 
American Self Storage Casa Grande
(520) 316-0763
517 North Colorado Street
Casa Grande, AZ
 
Uhaul Co Independent Dealers Casa Grande
(520) 426-9057
1391 North V I P Boulevard
Casa Grande, AZ
 
Allspace Business Park And Mini Storage
(520) 836-4001
14924 West Jimmie Kerr Boulevard
Casa Grande, AZ
 
Access 247 Rodeo Storage
(520) 426-9696
1009 East Rodeo Road
Casa Grande, 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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