Best New Car Lease Deals for March 2021

Pickup trucks are the soul of the American vehicle market. And the heart. And the head, eyes, ears, nose, throat, and thorax. They’re the bestsellers, the profit centers, and utterly ubiquitous. So this month, which is (um . . .) March, let’s round up all the factory lease offers on half-ton and smaller pickups available in the United States. Well, the ones we could identify without checking all 42,000 ZIP codes. If there’s a killer lease deal on a Ram on Guam (zip code 96910), we haven’t looked for it.

These deals are for consumer-bought and consumer-drive personal-use trucks. Pickups leased for commercial purposes will come under different terms that may differ significantly, and commercial fleet leases may be radically different. If you’re an experienced businessperson, you know all this.

That out of the way, these OEM-advertised deals are a great start to getting a great lease on your next truck. But they’re only a start. You’ll need to work to save real money.

COVID-19 vaccines are here, and the number of people getting vaccinated will eventually approach critical mass. Keep that in mind as you assess your vehicle needs for the next few years. Being able to hang face masks from the rearview mirror may not be much of a concern by the summer (or maybe it still will be).

So do some research. Maybe your bank, your credit union, or some leasing company has a better deal. It could be that your accountant has some clever tax strategy to write off the lease expense. Do the work of consulting your money experts and you might be rewarded.

A lease is a financial transaction and should be treated with the same seriousness of getting a mortgage, buying farm-fresh cabbage, or planning your retirement. It’s a bottom-line judgment made by a customer to enter into a legal contract. Don’t just assume a lease is the right thing to do. Know whether it works to your advantage.

The world as it is now may not be how it is in the next few years. And that’s how long a new vehicle lease runs—a few years. Few of us are in stable situations right now. Purchasing something new or used might be a better strategy than taking on lease contractual obligations. It may even be best to do nothing at all.

Whatever your decision, you’ll have to live with it. So know yourself and your money.

Negotiate, Negotiate

The cost of a lease is rather straightforward. You (the lessee) pay for the depreciation of the vehicle over the lease term and the cost of the money the lessor is using to purchase the vehicle, plus fees such as security deposits, acquisition fees, disposition charges, and anything else the creative accountants can come up with. Basically, you pay some of the capital costs and fees up front in your initial payment and then a monthly charge that varies with expense and depreciation.

Always shop for the money first, don’t negotiate solely on the basis of monthly payments, and never be afraid to ask for a better deal. Ask nicely, but keep in mind that your ultimate power is in being able to walk away without a deal.

Chevrolet

$259 per month/$1679 at signing
36 months/30,000 miles
37 cents per mile

GM’s mid-size truck is aging well in its segment, and if you’re coming out of a non-GM competitive lease, this is a good low-mileage deal on a 4×4. It’s a national offer, and additional miles are a stout 25 cents each. Steel yourself for the $395 disposition fee at lease end.
Offer ends March 31.

2021 chevrolet silverado 1500

Chevrolet

$309 per month/$2139 at signing
36 months/30,000 miles
44 cents per mile

This deal, like the one for the smaller Colorado, is for those coming out of non-GM competitive leases. Yes, GM is trawling for conquest lessees here. The controversial element isn’t the financial numbers, but the 2.7-liter turbocharged four powering this full-size beast, an engine to either love or hate. Additional miles are 25 cents each, and you’ll be stuck paying a $395 disposition fee at lease end.
Offer ends March 31.

2021 ford f150

Ford

$288 per month/$4259 at signing
24 months/20,000 miles
54 cents per mile

Ford loves its lessees in the New York metro area so much that it’s offering them a chance to transition into this so-so lease as their current one expires. Other regions have similar deals, but none seem as aggressive as those from the GM or Ram competition. As with the Chevrolet Silverado, this offer is on a truck with a turbocharged 2.7-liter engine, but here it’s the EcoBoost V-6 instead of a four. The lease is only two years and 20,000 miles. Additional miles are a modest 20 cents each. We didn’t find any deals on the smaller Ranger truck this month.
Offer ends March 31.

$209 per month/$2744 at signing
36 months/30,000 miles
35 cents per mile

It’s an interesting strategic move: While GM’s Chevrolet division is featuring deals for those moving from competitive leases, the GMC division is pushing leases for returning GM lessees. And don’t tell anyone, but the Chevrolet and GMC trucks are pretty much the same. Anyhow, this deal is for Southern California, but similar ones are available in other regions. Additional miles are 25 cents each, and there’s a, wow, $495 disposition fee at the lease term’s end.
Offer ends March 31.

2021 gmc sierra 1500

GMC

$282 per month/$3702 at signing
36 months/30,000 miles
47 cents per mile

As with the Canyon, GMC is featuring leases on Sierra 1500s for returning GM lessees. No featured leases for the heavier-duty versions were found. This deal is for the New York metro region, with similar deals available in other places. Additional miles are 25 cents each, and there’s a, gack, $495 disposition fee at the lease’s end.
Offer ends March 31.

2020 honda ridgeline

Honda

$269 per month/$2499 at signing
36 months/30,000 miles
40 cents per mile

Honda has updated its Ridgeline with a bulldog nose, but that’s for the 2021 model. Apparently, there are enough 2020 models left that Honda is featuring them in what’s a pretty good offer for a thing that’s nearly a truck. Okay, it’s a truck. Sheesh. This deal is offered in 29 states. Here comes a rash of state postal codes: AZ, CA, CO, CT, DE, FL, IA, IL, IN, KY, MA, ME, MI, MN, MT, ND, NE, NH, NM, NJ, NV, NY, OH, PA, RI, SD, UT, VT, and WI. If you’ve gotta have the 2021 model, it’s available for $329 per month after $3099 at signing in those same states. Sorry, Alaska, Hawaii, Wyoming, Alabama (where the Ridgeline is made), Mississippi, Georgia, Idaho, Iowa, Kansas, Louisiana, Missouri, North Carolina, South Carolina, Oklahoma, Oregon, North Carolina, Tennessee, Texas, Virginia, Washington, and West Virginia. But to honor you, we spelled out your names instead of using the abbreviation.
Offer ends May 3.

$199 per month/$3849 at signing
24 months/20,000 miles
44 cents per mile

The Gladiator is the cheap way to get into a 4×4 with a manual transmission. This Wrangler-with-a-bed is being pushed hard in the New York City area—its rugged off-roading ability is critical among Manhattan’s concrete canyons—where this lease is available. But it runs only two years. For a three-year lease in places like L.A. and Chicago, there’s a $268-per-month deal after $3499 at signing. All these leases have a $395 disposition fee, and additional miles are 25 cents each.
Offer ends March 31.

2021 nissan frontier

Nissan

$269 per month/$2719 at signing
36 months/30,000 miles
44 cents per mile

The days when you can buy a brand-new 2021 Frontier are dwindling to a precious few. Nissan has already shown the 2022, and this oh-so-familiar one—last all-new back when George W. Bush was running for a second term—will soon vanish in the mist of obsolescence. But at the moment, this three-year lease is being offered in the New York City metro area. The numbers don’t include a $650 nonrefundable “acquisition” fee or a $300 purchase option at the end of the lease, which propel this lease to relatively stout 44 cents per mile. Other regions feature similar offers, but read the fine print before pursuing such a deal.
Offer ends March 31.

2021 nissan titan

Nissan

$399 per month/$3029 at signing
36 months/30,000 miles
61 cents per mile

In spite of it all, the Titan full-size truck persists. And this lease may be tempting, or not. The buy-in is relatively steep, and the numbers don’t include a nonrefundable acquisition fee ($650) or a $300 purchase option at lease end. This deal is available in Southern California and the Chicago area. Other regions have similar offers—read them carefully.
Offer ends March 31.

2021 ram 1500

Ram

$299 per month/$3985 at signing
36 months/30,000 miles
49 cents per mile

Notable for its good looks and smooth riding thanks to all-coil sprung suspension, the Ram 1500 has been taking market share. This solid lease is one reason, but watch for the $395 disposition fee at lease end. Additional miles are 25 cents each. Ram is also offering deals on the old-style Ram 1500 Classic. If you never want to leave 2017 behind, that’s a good alternative. No, there were no obvious deals offered on the 2500 or 3500 Heavy Duty Rams.
Offer ends March 31.

2021 toyota tacoma

Toyota

$304 per month/$2954 at signing
36 months/36,000 miles
38 cents per mile

For some of us, the only truck worth relying on is a Toyota, and the only real Toyota truck is the Tacoma. So here’s the deal: not bad, not great, and it is a bare-bones SR model. This is for New York City and surrounding areas; slight variations on the offer are available in other regions.
Offer ends March 31.

2021 toyota tundra

Toyota

$438 per month/$3088 at signing
36 months/36,000 miles
51 cents per mile

Big and brawny and destined to soon be replaced, this Tundra, in basic SR trim, has a roomy double cab. Like it? Here it is. Don’t like it? How about a Tacoma? This deal seems to exist in most regions, and additional miles beyond the lease allotment are only 15 cents each.
Offer ends March 31.

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