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Truck Leasing Pros and Cons Yuma 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.

Aa Valustor
(928) 314-0680
3090 South Avenue 3 East
Yuma, AZ
A G Box Company
(928) 726-8407
10266 South Avenue 4 East
Yuma, AZ
Desert Depot
(928) 344-3272
10760 South Avenue 7 East
Yuma, AZ
Cypress Packaging And Supply Corporation
(928) 782-5794
1660 East 20th Street
Yuma, AZ
Best Block And Concrete Pipe Inc
(928) 782-1835
1775 East 16th Street
Yuma, AZ
Access Storage LLC
(928) 726-5858
2285 East Palo Verde Street
Yuma, AZ
Calpine Containers
(928) 341-1660
10226 South Thomas Avenue
Yuma, AZ
Waggin West Kennels And Grooming Center
(928) 344-4788
2883 East 14th Street
Yuma, AZ
Westerner Products Inc
(928) 783-2191
8691 South Frontage Road
Yuma, AZ
American Self Storage
(928) 726-2170
1775 East Palo Verde Street
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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