Best Truck Lease Deals in 2020

As a savvy shopper looking for a new pickup truck, finding the best lease deals available can be daunting.

Fortunately, I have researched for you and compiled a list of the best pickup truck lease deals currently available.

Whether you’re looking for a rugged workhorse or a comfortable daily driver, a lease deal on this list can meet your needs.

So, let’s take a closer look at the top lease deals for pickup trucks on the market.

13 Best Truck Lease Deals Right Now:

2023 Chevrolet Colorado

Lease Deal: $339 per month for 36 months with $6,249 due at signing

The 2023 Chevrolet Colorado is a midsize truck with impressive performance and capability.

Under the hood, it is powered by a turbocharged 2.7-liter inline-four engine that delivers outputs up to 310 horsepower. The engine is paired with an eight-speed automatic transmission that provides smooth and responsive shifting. Colorado also offers impressive fuel efficiency, with an EPA-estimated 19 mpg in the city and 26 mpg on the highway.

The 2023 Colorado is spacious and comfortable, with plenty of room for passengers and cargo. It features a modern, well-designed dashboard with an intuitive infotainment system with Apple CarPlay and Android Auto connectivity. Colorado also offers many advanced safety features, including lane departure warnings, forward collision alerts, and automatic emergency braking.

In crash tests conducted by the National Highway Traffic Safety Administration, the 2023 Colorado received an overall rating of four out of five stars. It scored five stars on the side crash test and four on the frontal crash and rollover tests.

Overall, the 2023 Chevrolet Colorado is an impressive midsize truck with excellent performance, capability, and fuel efficiency. It is a great choice for anyone in the market for a pickup truck, and with its competitive lease deals, it is an attractive option for those looking to lease a new vehicle.

2023 Ford Maverick XLT

Lease Deal: $379 per month for 36 months with $3,032 due at signing

The 2023 Ford Maverick is a brand-new compact pickup truck that’s set to shake up the market with its versatility, efficiency, and affordability.

The Maverick comes standard with a 2.5-liter hybrid four-cylinder engine that produces 191 horsepower and 155 lb-ft of torque. This is paired with a continuously variable automatic transmission (CVT) and front-wheel drive. All-wheel drive is also available as an option. When properly equipped, the Maverick has a maximum towing capacity of up to 4,000 pounds.

The Maverick’s interior is spacious and practical, with comfortable seating for up to five passengers. The cabin features a modern design with an 8-inch touchscreen infotainment system that supports Apple CarPlay and Android Auto, along with standard features such as a 6-speaker audio system, a Wi-Fi hotspot, and two USB ports. Higher trims include a larger 12-inch touchscreen, wireless smartphone charging, and a premium 8-speaker B&O sound system.

The 2023 Ford Maverick is estimated to get up to 40 mpg in the city and 33 mpg on the highway, making it one of the most fuel-efficient pickups on the market.

Ford offers leases for the Maverick starting at $344 per month for 48 months with $2,989 due at signing for the XLT model and $398 per month for 48 months with $3,393 due at signing for the LARIAT model.

2023 Nissan Frontier SV 4X4

Lease Deal: $429 per month for 36 months with $3,999 due at signing

The 2023 Nissan Frontier is a versatile midsize truck that stands out in the competitive market. With a 3.8-liter V6 engine producing 310 hp and 281 lb-ft of torque, the Frontier offers rear-wheel (RWD) and optional four-wheel drive (4WD) configurations. RWD models boast 18 mpg city, 24 mpg highway, and 20 mpg combined, while 4WD models achieve 17 mpg city, 22 mpg highway, and 19 mpg combined.

The engine is paired with a 9-speed automatic transmission and can tow up to 6,720 pounds.

The interior of the Frontier is spacious and comfortable, with a range of high-quality materials and advanced technology features, including an 8-inch touchscreen infotainment system, Apple CarPlay and Android Auto compatibility, and a Wi-Fi hotspot.

The Frontier offers a range of cargo and storage options, including an available Utili-Track system that provides adjustable tie-down points for securing cargo. It also features advanced off-road features, including hill descent control, an electronic locking rear differential, and a range of driving modes for different terrain.

2023 Toyota Tacoma

Lease Deal: $429 per month for 36 months with $2,099 due at signing

The 2023 Toyota Tacoma is a midsize pickup truck known for its reliability and off-road capabilities.

The Tacoma offers two engine options: a 2.7-liter inline-four producing 159 hp and 180 lb-ft of torque and a 3.5-liter V6 generating 278 hp and 265 lb-ft of torque. Both engines can be paired with a 6-speed automatic transmission, while the V6 also offers an optional 6-speed manual. Rear-wheel drive (RWD) is standard, and four-wheel drive (4WD) is available for enhanced capability.

The Tacoma has a maximum towing capacity of up to 6,800 lbs and a payload capacity of up to 1,685 lbs. However, the mpg rating for this pickup truck is average. The model with a four-cylinder gets up to 20 mpg in the city and 23 mpg on the highway, while V6-powered trims return up to 19 mpg in the city and 24 mpg on the highway.

2023 GMC Canyon

Lease Deal: $271 per month for 36 months with $9,761 due at signing

GMC Canyon is the next pickup truck on the list you should consider. This unit is an extended cab type with upgrades from its previous series. The new features provided include its new remote-locking tailgate that was not on its previous type.

The new type is also equipped with a new tire-fill alert, the standard operation. Some changes are also applied to standard and optional equipment, along with safety packages.

According to our observations and tests, this pickup truck has a hefty towing capacity with diesel four-cylinder and gas V6 engines. The size is maneuverable, while the handling and steering are mannered very well.

Even though the engine is big enough, the vehicle is comfortable to drive on almost any surface type. However, the front seats are smaller, especially for overweight people.

The rivals from the same class offer storage inside the cabin while the rear seats are folded. The off-road potential is lower and limited due to the front air dam that hangs lower.

2023 Honda Ridgeline

Lease Deal: $329 per month for 36 months with $2,999 due at signing

The 2023 Honda Ridgeline is a midsize pickup truck known for its refined driving experience and innovative features, and it is available for lease at a low monthly cost.

The Ridgeline is powered by a 3.5-liter V6 engine, generating 280 hp and 262 lb-ft of torque, paired with a 9-speed automatic transmission and all-wheel drive as standard.

It has a towing capacity of up to 5,000 pounds, standard in its class, but that should be enough to tow a small camper.

The interior of the Ridgeline is spacious and comfortable, with a range of high-quality materials and advanced technology features, including an 8-inch touchscreen infotainment system, Apple CarPlay and Android Auto compatibility, and a Wi-Fi hotspot.

The Ridgeline offers a range of cargo and storage options, including an in-bed trunk that provides secure storage for gear and equipment. It also features advanced off-road features, including an intelligent all-wheel-drive system and various driving modes for different terrain.

Honda Ridgeline is an excellent choice for a versatile and capable midsize pickup truck with impressive performance and advanced features to suit any driver’s needs.

2023 GMC Sierra 1500

Lease Deal: $398 per month for 36 months with $7,495 due at signing

The 2023 GMC Sierra 1500 is a full-size pickup truck with impressive performance and capability.

It comes standard with a 4.3-liter V6 engine that delivers 285 horsepower and 305 lb-ft of torque. However, this lease offer is exclusively for models with the 2.7-liter turbo engine. These models offer excellent performance, with an output of 310 horsepower and 348 lb-ft of torque. Fuel consumption is also quite good, at around 24 mpg combined. The GMC Sierra 1500 with the 2.7L Turbo engine can tow up to 9400 pounds.

The interior of the Sierra 1500 is spacious and comfortable, with a range of high-quality materials and advanced technology features. It also offers plenty of storage space, with a large center console and an available storage compartment beneath the rear seats.

It has various safety features, including automatic emergency braking, lane departure warning, and forward collision alert. The Sierra 1500 has received a 4-star overall rating from the National Highway Traffic Safety Administration (NHTSA).

Overall, the 2023 GMC Sierra 1500 is an excellent choice for those needing a powerful and capable pickup truck, with a range of engine options and advanced features to suit any driver’s needs.

2023 Chevrolet Silverado 1500

Lease Deal: $399 monthly for 36 months with $6,629 due at signing.

The 2023 Chevrolet Silverado is a popular full-size pickup truck with impressive engine options and capabilities. The standard engine is a 4.3-liter V6 that produces 285 horsepower and 305 lb-ft of torque.

However, this offer is specifically for Silverado with a 2.7-liter turbocharged 4-cylinder engine that produces 310 horsepower and 348 lb-ft of torque. This engine is paired with an 8-speed automatic transmission and can tow up to 9,300 pounds.

The interior of the Silverado is spacious and well-appointed, with high-quality materials and comfortable seats. It also features a user-friendly infotainment system with a 7-inch touchscreen, Apple CarPlay and Android Auto compatibility, and a Wi-Fi hotspot.

Regarding safety, the Silverado received a 4-star overall rating from the National Highway Traffic Safety Administration (NHTSA). It has various safety features, including forward collision warning, automatic emergency braking, and lane departure warning.

The Silverado’s fuel economy varies depending on the engine and configuration, with the 4.3-liter V6 achieving up to 20 mpg combined and the 2.7-liter turbocharged engine achieving up to 23 mpg combined. Overall, the 2023 Chevrolet Silverado is an excellent choice for those needing a capable and comfortable pickup truck.

2023 Jeep Gladiator

Lease Deal: $469 per month for 39 months with $3,995 due at signing

The 2023 Jeep Gladiator is an exceptional midsize pickup truck that combines Jeep’s off-road capabilities with practical truck features.

Under the hood, the Gladiator is powered by a standard 3.6-liter V6 engine producing 285 hp and 260 lb-ft of torque. A 3.0-liter EcoDiesel V6 engine is also available, offering 260 hp and 442 lb-ft of torque. Both engines can be paired with a 6-speed manual or an optional 8-speed automatic transmission.

Fuel consumption is mediocre for a standard 2023, at 17 mpg in the city and 22 mpg on the highway. The Gladiator boasts a maximum towing capacity of 7,650 lbs and a payload capacity of up to 1,700 lbs.

The interior is spacious for 5 passengers, comfortable, and well-made. Standard features include a 5-inch touchscreen infotainment system, while higher trims offer an 8.4-inch touchscreen, leather upholstery, and heated seats.

The monthly lease cost of the Gladiator differs depending on the trim level. Here are the details:

Gladiator Sport 4X4: $469 per month
Gladiator Sport S 4X4: $559 per month
Gladiator Overland 4X4: $568 per month
Gladiator Rubicon 4X4: $698 per month
Gladiator Mojave 4X4: $683 per month

2023 Ford F-150

Lease Deal: Start from $419 per month for 36 months with $5,569 due at signing

The 2023 Ford F-150 is a full-size pickup truck that leads the segment in power, versatility, and innovation, making it one of the best on the market.

The F-150 offers a range of engine options, including a 3.3-liter V6, a 2.7-liter EcoBoost V6, a 3.5-liter EcoBoost V6, a 5.0-liter V8, a 3.0-liter Power Stroke V6 diesel, and a 3.5-liter PowerBoost Full Hybrid V6. The engines are paired with a 10-speed automatic transmission, and rear-wheel drive (RWD) is standard, while four-wheel drive (4WD) is optional.

The F-150 boasts a maximum towing capacity of up to 14,000 lbs and a payload capacity of up to 3,325 lbs, depending on the configuration.

The interior offers seating for up to six passengers, with trims including XL, XLT, Lariat, King Ranch, Platinum, and Limited. Standard features include an 8-inch touchscreen infotainment system, while higher trims offer a 12-inch touchscreen, leather upholstery, and advanced driver-assistance technologies.

It is available for lease deals with $419 monthly for 36 months, with $5,569 due at signing. The agreement is for the 2023 Ford F-150 XL STX SuperCrew 4X4 2.7 EcoBoost.

The F150 is offered at different lease costs depending on the trim level, including:

F-150 LARIAT: $670/mo for 39 Months with $6,608 due at signing.
F-150 King Ranch: $730/mo for 39 months with $7,220 at the signing.
F-150 Platinum: $749 / mo for 39 months with $7,408 due at signing.
F150 Limited: $930 / mo for 39 months with $9,611 due at signing.

2023 Ford Ranger

Lease Deal: $335 per month for 39 months with $3,225 due at signing

This compact pickup truck offers a blend of power, efficiency, and technology and has a low monthly lease cost.

The Ranger has a standard 2.3-liter EcoBoost inline-four engine producing 270 hp and 310 lb-ft of torque, mated to a 10-speed automatic transmission. Rear-wheel drive (RWD) is standard, while four-wheel drive (4WD) is optional for enhanced capability.

The RWD version is expected to deliver around 21 mpg city, 26 mpg highway, and 23 mpg combined, while the 4WD version should achieve around 20 mpg city, 24 mpg highway, and 22 mpg combined.

The Ranger boasts a maximum towing capacity of 7,500 lbs and a payload capacity of up to 1,860 lbs. The interior offers seating for up to five passengers, with trim levels including XL, XLT, and Lariat. Standard features include a 4.2-inch infotainment display, while higher trims offer an 8-inch touchscreen, Apple CarPlay, Android Auto, and leather upholstery.

The Ranger is offered at different lease costs depending on the trim level, including:

Ranger XL: $335 monthly for 36 months with a $3,225 due at signing.
Ranger XLT: $380 monthly for 36 months with $3,676 due at signing.
Ranger LARIAT: $424 monthly for 36 months with $4,124 due at signing.

2023 Toyota Tundra

Lease Deal: $562 per month for 36 months with $3,186 due at signing

The 2023 Toyota Tundra is one of the most highly anticipated pickups of the year, and for a good reason. With a fresh redesign and many new features, the Tundra is ready to take on any challenge.

Under the hood, the Tundra offers two engine options: a twin-turbocharged 3.5-liter V6 engine with up to 389 horsepower and a hybrid engine with total outputs of up to 437 horsepower. Both engines are paired with a standard 10-speed automatic transmission and rear-wheel drive, with 4WD available as an option.

Fuel consumption is about 18 mpg in the city and 24 mpg on the highway for the standard V6 engine model. The i-Force Max hybrid system is slightly better, with 20/24 mpg.

Last year’s changes improved several aspects, including smoother ride quality and more precise handling, while preserving its off-road capabilities.

2023 Ram 1500 Classic

Lease Deal: $476 per month for 42 months with $3,999 due at signing

The good thing about the Ram 1500 Classic is its smooth suspension for riding, providing you with a super comfortable riding experience.

The cabin is attractive and quiet, so you do not need to be bothered by the noise from the outside. The unit is equipped with an automatic transmission with eight-speed capability. However, it does not have wide features like the 2019 Ram.

If you are looking for the latest driver-assist technologies, you would feel like it misses a lot. As we have mentioned earlier, it has a limited trim level compared to the previous model. Still, the new Ram 1500 Classic is highly awaited and anticipated. When it comes out, you should be checking the unit quickly.

2023 Nissan Titan 4X4

Lease Deal: $669 per month for 36 months with $6,099 due at signing

The 2023 Nissan Titan is a full-size pickup truck that delivers power and versatility and is available to lease. Powered by a 5.6-liter V8 engine, the Titan generates 400 hp and 413 lb-ft of torque, paired with a 9-speed automatic transmission.

Fuel efficiency for the 2023 Titan is estimated at 16 mpg city, 22 mpg highway, and 18 mpg combined for RWD models, while 4WD models achieve 15 mpg city, 21 mpg highway, and 18 mpg combined. The Titan’s maximum towing capacity reaches 9,240 lbs, with a payload capacity of up to 1,680 lbs.

The interior is spacious and offers seating for up to six passengers. Standard features include an 8-inch touchscreen infotainment system, Apple CarPlay, and Android Auto.

Buy or lease? Is leasing a truck worth it?

However, which one is better – leasing or buying a new truck? Long story short, leasing can be the easiest way for me to get a new vehicle every few years. However, some disadvantages may also be worth considering.

For example, I will be forced to take a big financial step once the lease expires. My options might be returning the vehicle, buying a new unit, buying or leasing a new one, or buying the truck once the lease-end price is decided.

It seems like a never-ending journey only if I knew how to stop. However, there are a few things I can try to make the right decision about whether I will buy or lease a new car. Of course, I may need to master the jargon or get fluent in this industry.

I should learn that the capitalized cost is the same as the selling price. On the other hand, I may want to get the lowest number possible. In other words, I need to raise the residual value or lower the money factor or the capitalized cost to get a lower payment.

Other than that, I can hunt for the manufacturer-subsidized lease. This allows me to get the lowest price possible. And in the end, I should make my target and negotiate hard to bring my target to life. To perform the research, I can check the Kelly Blue Book or Edmunds to get the dealer’s invoice for any car I want to lease or buy.

Benefits of Leasing a Truck

As mentioned earlier, leasing can be convenient for those who want a new car without spending too much money upfront. When you lease a car, you only pay for its use for a set period, typically two to three years, which is similar to renting a car.

Although some restrictions come with leasing, there are also some benefits. For instance, leasing allows you to have lower monthly payments and often doesn’t require a down payment. If a down payment is needed, it’s usually lower than the down payment required when buying a car.

Leasing also enables you to drive a better vehicle for less money, which is ideal if you don’t want to commit to owning a car. Additionally, since most leased cars are still under the factory warranty, you may save money on repair costs.

Leasing also allows you to get a new car every two to three years without having to deal with the hassle of trading in a car at the end of the lease. Lastly, leasing typically results in lower taxes compared to buying a car.