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Best Truck Lease Deals [October Edition]

best truck lease deals

best truck lease dealsTruck sales are dragging and manufacturers are hungry to sell. This makes it a great time to buy or lease a new pickup truck. Some of the best lease deals released each month are specifically centered on trucks.

Trucks are very capable and versatile with their high towing capacity and large bed/cargo space. Often overlooked, some trucks are available with high-end, luxury materials and the latest technology features.

Below we share our picks for the best truck lease offers this month.

Best Truck Lease Deals

Below is a list of some of the best lease deals on trucks right now. Manufacturers consistently put out attractive lease offers on their line of 2020 and 2021 pickup trucks.

YearMakeModelLease OffersExpiration
2020FordF-150$199/month for 24 months, $3,979 due at signing11/3/2020
2021JeepGladiator$251/month for 36 months, $3,799 due at signing11/2/2020
2020HondaRidgeline$329/month for 36 months, $3,299 due at signing11/2/2020
2021NissanTitan$419/month for 36 months, $3,999 due at signing11/2/2020
2020GMCSierra 1500$439/month for 39 months, $2,679 due at signing11/2/2020

Frequently Asked Questions

Is it cheaper to lease a car or truck?

Truck payments can actually be cheaper than payments on a car selling at the same price.  This is because trucks typically have higher residual values which result in lower lease payments for you.

Is leasing a truck a good idea?

Leasing in general depends on a variety of factors.  Read about whether it is better to lease or buy.  One consideration for pick-up trucks is how much utility or off-road use you expect because you may have to pay for damages beyond normal wear and tear at the end of the lease.

Can you modify a leased truck?

Yes, you can modify a leased truck. However, it’s not a good idea because you’ll have to return it to factory condition (without modifications) at the end of your lease unless you decide to buyout the lease and keep the truck.

How do I lease a truck for my business?

There are two main leasing options if you will use your truck for business purposes. You can simply get a normal truck lease from a dealer and ask your accountant to help you treat it as a business expense.  Or, you can get a commercial truck lease from a fleet manager which is often done if you are leasing more than one truck.  See the latest list of fleet discounts across all car brands.

Can you negotiate a truck lease?

Yes, you can negotiate a truck lease the same way you would negotiate a car lease. First negotiate the price of the truck as if you were buying and ask to use that as your capitalized cost.  Learn how to negotiate a truck lease.