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Truck Leasing Pros and Cons Cave Creek 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.

Tatum Ranch
(480) 585-0113
29201 North Cave Creek Road
Cave Creek, AZ
Cave Creek Mini Storage
(480) 488-1522
6218 East Cave Creek Road
Cave Creek, AZ
Desert Mini Storage
(480) 488-0555
34215 North Black Mountain Parkway
Cave Creek, AZ
Little Plant Co
(623) 780-3110
816 West Parkview Lane
Phoenix, AZ
Deer Valley Mini Storage
(623) 582-6406
21835 North 21st Avenue
Phoenix, AZ
Allstate Selfstorage
(480) 575-7288
31434 North Cave Creek Road
Cave Creek, AZ
Storage Solutions
(480) 585-0113
29201 North Cave Creek Road
Cave Creek, AZ
Penske Truck Rental Apache Junction
(602) 896-2836
669 West Union Hills Drive
Phoenix, AZ
R V Hideaway Storage
(602) 788-2600
3148 East Mohawk Lane
Phoenix, AZ
Shurgard Storage Centers - Union Hills
(623) 780-2881
1954 West Union Hills Drive
Phoenix, 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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