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Truck Leasing Pros and Cons Green Valley 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.

Parcel Plus
(520) 625-3930
1451 South La Canada Drive Suite 7
Green Valley, AZ
 
U Haul Co
(520) 625-1081
800 W Camino Casa Verde
Green Valley, AZ
 
National Self Storage
(520) 625-1212
630 West Camino Casa Verde
Green Valley, AZ
 
Uhaul Co
(520) 393-1047
1451 S La Canada Dr
Green Valley, AZ
 
Continental Rv Llc Repair And Storage
(520) 625-6399
3025 West Camino Del Yucca
Sahuarita, AZ
 
Green Valley Self Storage
(520) 625-3541
271 West Calle De Las Tiendas
Green Valley, AZ
 
Sierrita Mining And Ranching Co
(520) 625-1204
Mcgee Settlement
Green Valley, AZ
 
Continental Self Storage
(520) 625-3405
520 East Whitehouse Canyon Road
Green Valley, AZ
 
Abrego Self Storage
(520) 625-5211
120 South Abrego Drive
Green Valley, AZ
 
Green Valley Covered Rv And Ss
(520) 648-2492
1730 W Duval Commerce Court
Sahuarita, 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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