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Truck Leasing Pros and Cons Lake Havasu City 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.

Campbell Brothers Storage
(928) 855-3901
1595 Acoma Lane West Suite C
Lake Havasu City, AZ
Dayco Mini Storage
(928) 855-5155
1040 Empire Drive
Lake Havasu City, AZ
London Bridge Road Storage
(928) 764-3900
3839 London Bridge Road
Lake Havasu City, AZ
Downtown Storage
(928) 505-5505
146 Lake Havasu Avenue North
Lake Havasu City, AZ
Uhaul Co
(928) 453-1805
1571 Palo Verde Blvd S
Lake Havasu City, AZ
Budget Truck Rental
(928) 855-6494
1820 Acoma Boulevard West
Lake Havasu City, AZ
Windsor Beach Storage Inc
(928) 453-7867
1500 Acoma Lane West
Lake Havasu City, AZ
Cobalt Boats
(928) 855-2133
850 London Bridge Road
Lake Havasu City, AZ
Desert Harbor Storage
(928) 855-0422
1065 Empire Drive
Lake Havasu City, AZ
Mohave Realty Inc - Property Management Division
(928) 453-3500
490 Lake Havasu Avenue South
Lake Havasu City, 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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