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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.

Castledome Self Storage
(928) 329-0678
1181 South Castle Dome Avenue
Yuma, AZ
Access Storage LLC
(928) 726-5858
2285 East Palo Verde Street
Yuma, AZ
Waggin West Kennels And Grooming Center
(928) 344-4788
2883 East 14th Street
Yuma, AZ
Weyerhaeuser CO
(928) 726-9313
2641 East 24th Street
Yuma, AZ
B L T Companies
(928) 726-1951
3515 East Gila Ridge Road
Yuma, AZ
Alexander Automotive Center
(928) 344-2200
801 East 32nd Street
Yuma, AZ
SEJ RV Covered Storage
(928) 329-1549
1260 South Atlantic Avenue
Yuma, AZ
Sandbar Boat And Rv Storage
(928) 782-7757
2165 East 16th Street
Yuma, AZ
Cactus Storage
(928) 342-6685
10264 North Frontage Road
Yuma, AZ
Guardian Self Storage
(928) 726-5681
1950 East 32nd 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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