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      04-27-2021, 12:29 PM   #1
Bumpinjeep
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Cheap Trucks to Lease?

Howdy,

Going to keep things short. Bought a new home, this requires home projects, thinking of just leasing a cheap truck. Obviously, leasing cheap vehicles doesn't make too much sense, however if the numbers are right, I would like to look at this option.
So, does anyone have experience with leasing a cheap truck? Anything that I should look at? GMC? That new Hyundai? I don't need anything big at all. I don't want to throw tools or dirt in the back of a M2C or a Golf GTI.
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      04-27-2021, 03:12 PM   #2
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I’ve read that Toyota Tacoma’s lease ok. Ridiculously high residual values but were offset by higher money factors. Still, those things seems to hold their value crazy well..
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      04-27-2021, 05:28 PM   #3
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Check the Leasehackr forum
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      04-27-2021, 10:04 PM   #4
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Quote:
Originally Posted by dgoldenz View Post
Check the Leasehackr forum
Just found that forum, pretty interesting deals people are getting. Hell someone already got 5% of a G80 +$500 for loyalty. Thanks for the heads up.
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      04-28-2021, 08:39 AM   #5
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Quote:
Originally Posted by plutnicki View Post
I've read that Toyota Tacoma's lease ok. Ridiculously high residual values but were offset by higher money factors. Still, those things seems to hold their value crazy well..
This. You can get a Tacoma for low $300 monthly.
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      04-28-2021, 09:32 AM   #6
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Tacoma or Ford Ranger would be my picks. Tacoma lease deals are plentiful on Leasehackr
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      05-03-2021, 11:50 AM   #7
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Quote:
Originally Posted by Kelse92 View Post
Tacoma or Ford Ranger would be my picks. Tacoma lease deals are plentiful on Leasehackr
You can lease either a Tacoma or Ranger for mid-$300s per month. Good deal.
If you want a full-size truck, the F-150 leases for around $500 per month and the Ram 1500 leases for around $400 a month.
If you want a big truck, the GMC Sierra 2500HD leases for mid-$500s and the Dodge Ram 2500 leases for mid-$400s.
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      05-03-2021, 06:08 PM   #8
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When you lease, you're paying for the depreciation based on what the manufacturer says the residual will be. My experience with Toyota trucks is that a one-two-or-three year-old one often sells for more than a new one. So why not just buy? I doubt there's any cheaper way to own a truck.

I bought my Toyota pickup about 37-years ago and still have it. LWB and 2WD is what I wanted, with 5-sp manual. Long enough bed to swallow any motorcycle and still close the tailgate. 2WD gave me low bed height for easy loading. Can't tell you how many motorcycles it has carried from all over the country.
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      05-03-2021, 06:24 PM   #9
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Quote:
Originally Posted by BMWCCA1 View Post
When you lease, you're paying for the depreciation based on what the manufacturer says the residual will be. My experience with Toyota trucks is that a one-two-or-three year-old one often sells for more than a new one. So why not just buy? I doubt there's any cheaper way to own a truck.

I bought my Toyota pickup about 37-years ago and still have it. LWB and 2WD is what I wanted, with 5-sp manual. Long enough bed to swallow any motorcycle and still close the tailgate. 2WD gave me low bed height for easy loading. Can't tell you how many motorcycles it has carried from all over the country.
Buy $35k truck 60 months at 3% interest = $629/month plus pay full sales tax up front
Lease $35k truck with the right deal = $250/month with nothing out of pocket and taxes rolled into the payment, only pay taxes on the payment not the price of the truck

I've seen some Tacoma deals as low as like $160/month with $0 out of pocket. Leasing makes sense when the deal is right.
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      05-17-2021, 07:48 PM   #10
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I would choose between Toyota Tacoma and Ford F-150. But you can't go wrong with the Tacoma as long as you found a good deal.
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      05-18-2021, 07:46 AM   #11
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Quote:
Originally Posted by dgoldenz View Post
Buy $35k truck 60 months at 3% interest = $629/month plus pay full sales tax up front
Lease $35k truck with the right deal = $250/month with nothing out of pocket and taxes rolled into the payment, only pay taxes on the payment not the price of the truck
This usually only works if you keep your cars/trucks for a short period. You keep turning over leases and it add up.
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