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Truck Leasing Pros and Cons Prescott 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.

Mcwhites North American
(928) 772-9854
7450 East 2nd Street
Prescott Valley, AZ
 
Folkestad Moving Services
(928) 771-2704
4336 North Sauter Drive West
Prescott Valley, AZ
 
Atlas Van Lines
(928) 775-2020
6851 East 1st Street
Prescott Valley, AZ
 
Prescott Moving & Storage
(928) 775-2020
6851 East 1st Street
Prescott Valley, AZ
 
Surprise Mini Storage
(623) 584-0147
15701 North Reems Road
Prescott Valley, AZ
 
Credit Union Smith Underground Construction CO
(928) 772-0399
8533 East Laredo Drive
Prescott Valley, AZ
 
Frank And Jesse James Moving
(928) 445-5688
8159 East Manley Drive
Prescott Valley, AZ
 
Bradshaw Moving And Storage
(520) 722-1243
8600 E Long Valley
Prescott Valley, AZ
 
Budget Storage
(928) 759-9595
6701 East 2nd Street
Prescott Valley, AZ
 
Lucky Seven Transfer And Storage
(928) 772-7700
8600 E Long Mesa Dr
Prescott Valley, 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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