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Truck Leasing Pros and Cons Tempe 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.

Air Conditioned Self Storage
(480) 557-5678
3803 South Priest Drive
Tempe, AZ
Anchorage Self Storage
(480) 967-8053
215 East Southern Avenue
Tempe, AZ
Phoenix Plastics Products Inc
(480) 858-0100
3001 South Wilson Street
Tempe, AZ
Public Storage
(480) 968-0061
1910 East Broadway Road
Tempe, AZ
Leduc Albert
(480) 966-2622
1135 West Broadway Road
Tempe, AZ
Priority Auto Transport LLC
(480) 736-0812
2121 South Mill Avenue
Tempe, AZ
(480) 967-8053
215 East Southern Avenue
Tempe, AZ
Extra Space Self Storage
(480) 966-9665
242 West Southern Avenue
Tempe, AZ
Shurgard Storage Centers Tempe
(480) 838-7772
4500 South Lakeshore Drive
Tempe, AZ
Allstate Selfstorage
(480) 968-1320
1019 East Broadway Road
Tempe, 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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