Best Truck Lease Deals: May 2024 (2024)

Now is a great time to lease a new truck, whether you’re looking for something compact, midsize, or full-size, although the midsize segment is the most competitive this month, with the Toyota Tacoma leading the low-cost lease charge and followed closely by the Chevrolet Colorado and Nissan Frontier.

Not all deals will be available in all regions. Prices quoted below are for the trim/model on special this month and include destination fees but do not include tax, title, licensing, or other mandatory fees.

Here are 10 of the best truck lease deals in May 2024.

1. 2024 Chevrolet Colorado

Best Truck Lease Deals: May 2024 (1)

Do you need a burly new pickup but don’t want the bulk of a full-size model? Then check out the 2024 Chevrolet Colorado LT 4WD, on special this month, equipped with wireless smartphone integration, an 11.3-inch touchscreen display, and a 237-horsepower turbocharged 4-cylinder engine. This lease offer is available to current lessees of 2019 or newer Chevrolet vehicles.

See 2024 Chevrolet Colorado models near you

Price: $36,795
Current offer: $3,279 down and $369/month for 36 months
Expires: 6/3/2024

2. 2024 Chevrolet Silverado 1500

Best Truck Lease Deals: May 2024 (2)

The 2024 Chevrolet Silverado is the full-size alternative to the Colorado and a truck that’s as serious about fun as it is about work. No matter what you need a truck to do, there’s likely a Silverado variant to match, from basic transport and job site use to hauling, towing, or off-roading. This month’s model on lease special is the Silverado 1500 Crew Cab 2WD Custom with the TurboMax engine. This lease deal is for current lessees of 2019 or newer vehicles.

See 2024 Chevrolet Silverado models near you

Price: $45,595
Current offer: $4,559 down and $359/month for 36 months
Expires: 6/3/2024

3. 2024 Ford F-150

Best Truck Lease Deals: May 2024 (3)

A member of the perennially best-selling F-Series trucks, the 2024 Ford F-150 is a byword for pickup truck performance and capability. The F-150 STX 4×2 on lease special this month includes LED fog lights, 20-inch wheels, unique graphics, a fully carpeted interior, and a 2.7-liter V6 and rear-wheel drive.

See 2024 Ford F-150 models near you

Price: $45,890
Current offer: $5,239 down and $439/month for 36 months
Expires: 7/8/2024

4. 2024 GMC Sierra 1500

Best Truck Lease Deals: May 2024 (4)

Although it’s very similar to the Silverado, the 2024 GMC Sierra 1500 has its own style, personality, and configurations. On special this month, we have the Sierra 1500 Crew Cab 4WD Elevation trim with the turbo high-output engine. This lease offer is available to current lessees of 2019 or newer Buick or GMC vehicles.

See 2024 GMC Sierra models near you

Price: $58,695
Current offer: $2,519 down and $469/month for 36 months
Expires: 6/3/2024

5. 2024 Honda Ridgeline

Best Truck Lease Deals: May 2024 (5)

A pickup that does everything differently but still does it all very well, the 2024 Honda Ridgeline is great for those who need the utility of a pickup but want the comfort and ease of use of a car or crossover. But that doesn’t even begin to cover the Ridgeline’s unique features and abilities. It’s no wonder the truck has such an engaged fan base. This month’s lease is on the RTL trim level.

See 2024 Honda Ridgeline models near you

Price: $43,975
Current offer: $3,799 down and $399/month for 36 months
Expires: 7/8/2024

6. 2024 Hyundai Santa Cruz

Best Truck Lease Deals: May 2024 (6)

The 2024 Hyundai Santa Cruz isn’t a traditional pickup truck, but many of us have unconventional needs, so the more city-oriented, compact Santa Cruz may be the right fit for you. Pro tip: The base Santa Cruz SE on special this month comes nicely equipped. But if you’d like a few more features, the SEL is also available for $3,999 down and $329/month for 36 months.

See 2024 Hyundai Santa Cruz models near you

Price: $28,275
Current offer: $4,011 down and $281/month for 36 months
Expires: 6/3/2024

7. 2024 Jeep Gladiator

Best Truck Lease Deals: May 2024 (7)

Nothing off-roads like a Jeep, and the 2024 Jeep Gladiator takes that off-roading heritage to heart while also delivering on the utility and practicality of its pickup truck body style. The Gladiator Sport 4×4 on lease special this month has features like standard 4WD, removable doors and soft-top, and a 12.3-inch touchscreen.

See 2024 Jeep Gladiator models near you

Price: $39,790
Current offer: $3,999 down and $429/month for 36 months
Expires: 6/3/2024

8. 2024 Nissan Frontier

Best Truck Lease Deals: May 2024 (8)

Another solid option in the midsize pickup field, the 2024 Nissan Frontier is moving forward from its recent complete redesign with more capability and versatility than ever. The SV Crew Cab 4×4 model on lease special this month is a great value, with a power driver’s seat, 6-speaker audio, 16-inch alloy wheels, as well as driver aids, smartphone integration, and an 8-inch touchscreen display.

See 2024 Nissan Frontier models near you

Price: $39,120
Current offer: $3,789 down and $369/month for 36 months
Expires: 6/3/2024

9. 2024 Ram 1500

Best Truck Lease Deals: May 2024 (9)

Imposing, capable, and robust, the 2024 Ram 1500 is an excellent full-size truck available in a huge range of configurations. The model on special this month is the Big Horn Crew Cab 4×2 with the 5-foot-7 box, which comes standard with a 290-horsepower V6. Power tip: A 395-hp 5.7-liter Hemi V8 is available for upgrade.

See 2024 Ram 1500 models near you

Price: $49,330
Current offer: $4,059 down and $399/month for 42 months
Expires: 6/3/2024

10. 2024 Toyota Tacoma

Best Truck Lease Deals: May 2024 (10)

When it’s time to play as hard as you work, nothing is quite as useful as a midsize pickup truck, and the 2024 Toyota Tacoma is an excellent example of a midsize pickup truck. This month, the Tacoma SR5 on lease special gets upgrades like LED fog lights and the 278-hp (50 hp more than the base engine) turbocharged 4-cylinder and it comes with the 4-door Double Cab configuration.

See 2024 Toyota Tacoma models near you

Price: $38,695
Current offer: $2,999 down and $349/month for 36 months
Expires: 6/3/2024

Best Truck Lease Deals in May 2024

  1. 2024 Chevrolet Colorado
  2. 2024 Chevrolet Silverado 1500
  3. 2024 Ford F-150
  4. 2024 GMC Sierra 1500
  5. 2024 Honda Ridgeline
  6. 2024 Hyundai Santa Cruz
  7. 2024 Jeep Gladiator
  8. 2024 Nissan Frontier
  9. 2024 Ram 1500
  10. 2024 Toyota Tacoma
Best Truck Lease Deals: May 2024 (2024)

FAQs

Is now a good time to lease a car in 2024? ›

In 2024, whether to buy or lease a car depends on your individual needs and lifestyle. With manufacturers pushing more attractive lease deals, leasing may become a more appealing option for many. Leasing is a great way to avoid the worst effects of today's high interest rates.

Will truck prices go down in 2024? ›

Truck Price Forecast For 2024

With the arrival of 2024 models and the presence of numerous 2023 models still on dealer lots, it's likely that truck prices will continue to decline in the coming months. It's finally a buyers market, at least for educated truck shoppers.

What month is best to lease a new truck? ›

Most new models are introduced between July and October, so this is the time that you should try to lease to maximize your savings. 2) Holidays: Lease shoppers can find special dealership incentives during long holiday weekends, including President's Day, Memorial Day, July 4, Labor Day, and Thanksgiving.

What trucks have the best interest rates right now? ›

Best Truck Financing Deals:
  • 2023 Ford F‑150 Lightning: 0% financing.
  • 2024 Chevrolet Silverado 1500: 1.9% financing.
  • 2024 GMC Sierra 1500: 1.9% financing.
  • 2024 Ford F‑150: 1.9% financing.
  • 2024 Chevrolet Colorado: 1.9% financing.
  • 2024 Toyota Tundra: 1.99% financing.
  • 2024 Chevrolet Silverado 2500HD: 5.9% financing.

Are auto rates going down in 2024? ›

Auto loan rates for new and used vehicle purchases fell in the first quarter of 2024 to 6.73% and 11.91%, respectively, down slightly from the 15-year highs we saw at the end of 2023, according to Experian.

What is the most expensive month to start a lease? ›

What month is rent most expensive? Rent is typically the most expensive from May to October, with September usually being the peak month for rental prices.

Is it smarter to buy or lease a truck? ›

Over the long term, the total cost of ownership can be lower than leasing. Plus, you can sell the truck at any time, and the vehicle counts as an asset for your business. Cons: Ownership comes with higher upfront costs and the responsibility for all maintenance and repairs.

Is leasing a big truck a good idea? ›

Making the Best Choice

Choosing between leasing and buying a semi-truck ultimately comes down to your personal and business needs, financial situation, and long-term goals. If you value flexibility, lower upfront costs, and less maintenance responsibility, leasing might be the way to go.

What is the best state to lease a car? ›

The top 10 states for vehicle leasing are:
  • New Jersey: 64.9%
  • Michigan: 59.2%
  • Connecticut: 52.5%
  • Ohio: 42.6%
  • Florida: 36.9%
  • Maine: 36.2%
  • California: 34.7%
  • Minnesota: 34.4%

What is the best down payment for a truck? ›

In general, you should strive to make a down payment of at least 20% of a new car's purchase price. For used cars, try for at least 10% down. If you can't afford the recommended amount, put down as much as you can without draining your savings or emergency funds.

What state has the best deals on trucks? ›

For states where people drive a lot of trucks, there may be lots of inventory to pick from and deals from new car dealers. West Virginia is the cheapest state to buy a truck from a dealer. Connecticut is the cheapest state to buy used trucks.

How can I lower my truck payment? ›

Renegotiating your loan terms, refinancing or making extra payments can help lower your car payment. You can also sell your current car and buy one with a more budget-friendly payment but watch out for high interest rates. Before you buy, shop around and save for a large down payment to keep your car payment low.

Will 2024 be a good year to buy a new car? ›

Experts say that 2024 will be the best year to purchase a new car since 2019. As interest rates slowly drop throughout the remainder of the year, payments will become more manageable. Don't overlook manufacturer rate promotions, as they can save you thousands of dollars.

What is the future of car leasing? ›

Key innovations like electric vehicles, autonomous driving, and blockchain are expected to influence leasing trends. On top of these trends, the car leasing market's future will be influenced by the rise of subscription models, increasing focus on sustainability, and the preferences of Millennial and Gen Z consumers.

Is it better to lease 24 or 36 months? ›

24-month leases may offer additional flexibility, but most shoppers will find they cost a lot more money when it comes to monthly payments. If your priority is monthly affordability and getting more for your money, you'll probably find a 36-month contract to be a smarter choice.

What time of year has the best car lease deals? ›

End of the year: October through December

November - Black Friday promotions extend beyond retail stores; many automakers also offer special leasing deals throughout November that can lead to significant savings.

References

Top Articles
Latest Posts
Article information

Author: Melvina Ondricka

Last Updated:

Views: 5525

Rating: 4.8 / 5 (68 voted)

Reviews: 83% of readers found this page helpful

Author information

Name: Melvina Ondricka

Birthday: 2000-12-23

Address: Suite 382 139 Shaniqua Locks, Paulaborough, UT 90498

Phone: +636383657021

Job: Dynamic Government Specialist

Hobby: Kite flying, Watching movies, Knitting, Model building, Reading, Wood carving, Paintball

Introduction: My name is Melvina Ondricka, I am a helpful, fancy, friendly, innocent, outstanding, courageous, thoughtful person who loves writing and wants to share my knowledge and understanding with you.