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Truck Leasing Pros and Cons Cottonwood 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.

Aspen Mini Storage
(928) 634-7337
751 East Aspen Street Ofc
Cottonwood, AZ
Anchor Mini Storage
(928) 634-3658
1290 South Highway 260
Cottonwood, AZ
AAA Discount Mini Storage
(928) 649-1123
1055 South Camino Real
Cottonwood, AZ
(928) 649-5880
3800 East Western Drive
Cottonwood, AZ
Lucky Seven Transfer & Storage
(928) 634-3718
11 North Main Street
Cottonwood, AZ
Tygar Self Storage of Cottonwood
(928) 634-0263
280 Justin Drive
Cottonwood, AZ
Landmark Office Furniture-Oak Manufacturer
(928) 634-5603
47 South Main Street
Cottonwood, AZ
Main St Storage
(928) 634-5232
101 North Main Street
Cottonwood, AZ
Cottonwood Super Storage Limited
(928) 634-2001
1800 East Fir Street
Cottonwood, AZ
Alpha Self Storage
(928) 634-0744
420 South 7th Street
Cottonwood, 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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