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Truck Leasing Pros and Cons Safford 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.

Griffins Propane
(928) 428-0071
4223 South Ushighway 191
Safford, AZ
Jones Downtown Storage
(928) 428-9295
933 South Central Avenue
Safford, AZ
Safford Mini Self Storage
(928) 428-3511
1405 South 1st Avenue
Safford, AZ
More Self Storage
(928) 428-2825
3903 South USHighway 191
Safford, AZ
Safford Ranch Mobile Home Park
(928) 428-3828
3201 East USHighway 70
Safford, AZ
Performance Music
(928) 428-2152
803 West Thatcher Boulevard
Safford, AZ
Kims Window Tinting And Storage
(928) 428-6375
1404 South 1st Avenue
Safford, AZ
Uhaul Co.
(928) 428-1073
5953 S Us Highway 191
Safford, AZ
M And M Selfstorage
(928) 428-1329
1280 East Ushighway 70
Safford, AZ
Kim's Window Tinting & Mini Storage
(928) 428-6375
1404 South 1st Avenue
Safford, 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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