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Truck Leasing Pros and Cons Tucson 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.

Gray Line of Tucson
(520) 622-8811
181 West Broadway Boulevard
Tucson, AZ
Old Pueblo Moving And Storage Company
(520) 388-9759
711 South Jacobus Avenue
Tucson, AZ
Wildcat Self Storage
(520) 903-1960
657 West Saint Marys Road
Tucson, AZ
Kleindale Business Park & Self-Storage
(520) 323-3084
3434 East Kleindale Road
Tucson, AZ
Dove Mountain Self Storage
(520) 579-0320
13035 North Tortolita Road
Tucson, AZ
(520) 574-2553
7850 South Rita Ranch Road
Tucson, AZ
Ramseys Pianos
(520) 744-7234
Ina & La Cholla
Tucson, AZ
Ryder Truck Rental-One-Way Inc - Neighborhood Dealers- Central
(520) 884-7246
22nd Street
Tucson, AZ
U-Haul Co
(520) 882-8026
695 W Saint Marys Rd
Tucson, AZ
Penske Truck Rental - Tucson-East
(520) 622-4406
22nd Street & Craycr
Tucson, 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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