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Truck Leasing Pros and Cons Gilbert 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.

Bar 4 Mini Storage
(480) 892-3724
1001 North Gilbert Road
Gilbert, AZ
Gilbert Sewing And Vacuum Center
(480) 497-9599
745 North Gilbert Road Suite 126
Gilbert, AZ
Gilbert Road Self Storage
(480) 892-9660
405 N. Gilbert Road
Gilbert, AZ
Uncle Bob's Self Storage - Gilbert
(480) 497-1966
375 East Elliot Road
Gilbert, AZ
Shurgard Storage Centers
(480) 813-1040
1015 South Val Vista Drive Suite 200
Gilbert, AZ
Overley's Pumping
(480) 821-5455
18616 South Lindsay Road
Gilbert, AZ
Premier Packing Service
(480) 654-6373
2863 East Park Avenue
Gilbert, AZ
Shurgard Self Storage
(480) 813-5790
1015 South Val Vista Drive Suite 200
Gilbert, AZ
Gilbert Self Storage
(480) 899-3224
1690 East Williams Field Road
Gilbert, AZ
Arziona Self Storage At Gilbert
(480) 732-0555
18412 South Lindsay Road
Gilbert, 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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