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Truck Leasing Pros and Cons Sun 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.

Ace Apartment Movers Inc
(623) 772-1414
5025 N. 87Th Ave.
Glendale, AZ

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Leons Park West Adult Park
(623) 583-9504
12939 West Elm Street
Surprise, AZ
 
Rv Harbor
(623) 214-8484
13516 West Foxfire Drive
Surprise, AZ
 
75th Avenue
(623) 878-1585
16110 North 75th Avenue
Peoria, AZ
 
Surelock
(623) 972-7133
8780 West Bell Road
Peoria, AZ
 
Fletcher Heights
(623) 776-1127
8266 West Lake Pleasant Parkway
Peoria, AZ
 
American Patriot RV Storage
(623) 935-3456
10075 North El Mirage Road
El Mirage, AZ
 
Sure-Lock Mini-Storage
(623) 972-7133
8780 West Bell Road
Peoria, AZ
 
Bell And Grand Mini Storage
(623) 584-8383
13331 West Bell Road
Surprise, AZ
 
U-Haul
(623) 975-1173
13440 West Bell Road
Surprise, AZ
 
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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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