Should You Lease or Buy a Truck?

No matter what kind of truck you have, it’s sure to make transporting cargo easier. But do you want to lease your truck or buy it outright? Each type of purchase has its own benefits, so it’s important to understand the differences and benefits of each. Here is our guide to whether you should lease or buy your next truck.

Leasing Benefits

When leasing a truck, you can either get an open-ended or closed-ended lease. Open-ended leases have a minimum lease term with the option for month-to-month payments later on. Closed-ended leases, on the other hand, have a fixed term with monthly payments. You’ll probably have to adhere to mileage limits and avoid placing too much wear and tear on the truck.

Leasing helps to preserve capital by giving you the option of lower monthly payments compared to the financing options you might use to buy a vehicle. Leased vehicles are also often newer, with more advanced technologies and higher fuel economies. You can replace leased vehicles more often than bought vehicles, too, which keeps your fleet fresher.

Buying Benefits

Buying a truck means that you aren’t limited by a leasing agreement and you won’t have to worry about sticking to a mileage limit or avoiding damages. The flexibility of buying a truck outright can make it easier to manage your business. There are even tax benefits and deductions available to fleet owners. Buying a truck is great in the long-term because it gives you more control overall.

When you’re ready to shop an amazing stock of new and used trucks for sale, stop by our dealership in San Diego, CA, to see what we have available. We also have a well-stocked truck parts department to help you make repairs or upgrades to your truck. Draco Isuzu Truck Center is proud to serve all of San Diego County, including the city of Chula Vista, CA.