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Truck Leasing Pros and Cons Somerton 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.

Southwest Security Storage
(928) 627-0560
610 East Main Street
Somerton, AZ
 
T Warnock Dump Truck Service
(928) 627-7177
13302 South Bridges Avenue
Somerton, AZ
 
Barkley Seed Inc
(928) 782-2571
1818 South Letvin Avenue
Yuma, AZ
 
Kino Sales And Storage
(928) 343-2926
1764 South Avenue B
Yuma, AZ
 
Mission Packing CO
(928) 341-1903
3607 East County 10 Street
Yuma, AZ
 
Central Coast Packing
(928) 627-5366
15720 South Avenue G
Somerton, AZ
 
Yuma Self Storage
(928) 783-4995
2090 West 24th Street
Yuma, AZ
 
Uhaul Co
(928) 341-2110
M C A S
Yuma, AZ
 
Reliable Auto Parts
(928) 783-7803
2500 East 15th Street
Yuma, AZ
 
H L Powell Storage
(928) 726-0600
11353 South Avenue 5 East
Yuma, 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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