In the ultracompetitive pickup segment, there are often great lease and finance deals, and this month is no exception. Whether you’re looking to buy a compact Toyota Tacoma or a full size Chevy Silverado, manufacturers are trying to make it easy to get one in your garage before summer.
There are zero or low-interest offers on most trucks this month, and leases deals are available in some parts of the country on top-of-the-line trim levels, including the Toyota Tundra Platinum and Ram 1500 Limited.
We’ve surveyed the market to find the best pickup truck deals available this May, and you’ll find them on the following pages. Before you buy, check out how your choice ranks in our listings of Best Full Size Pickups and Best Compact Pickups.
Note that many of the deals are based on where you live, so be sure to use our Best Price Program to help find the most affordable pickup deal in your part of the country.
2016 Ford F-150 Lease
In May you can lease America’s most popular vehicle for between $229 and $319 per month with $4,000 to $5,000 down, depending on where you live. The aluminum-bodies and turbocharged pickups are some of the most efficient available, and with the lease deals they can also be affordable.
In the Northwest, there’s a two-year lease deal for $229 per month for the F-150 (SuperCrew 4x4 XLT 3.5-liter EcoBoost), with $4,859 down. For $239 per month on a two-year lease with $4,033 due at signing, customers in the Northeast can get behind the wheel of an F-150 (F-150 XL SuperCab 4X4 2.7-liter V6 EcoBoost).
Ford F-150 Purchase
Financing deals for May include zero percent financing for up to five years on an F-150 with no cash back or 0.9 percent for three years to 5.9 percent for seven years with $2,500 cash back when you finance through Ford. Bring your own financing to get $3,000 cash back.
The F-150 is currently our top-ranked full size pickup due to its family of high-tech turbocharged engines and sharp handling. Models range from economical XL trims to sumptuous King Ranch, Platinum, and Limited models.
Before you head to the dealer, be sure to check out our Best Price Tool to make sure you get a great deal on your new truck.
Chevrolet Silverado Lease
There’s a lease deal in May on Chevy’s Silverado All Star Edition (4WD Double Cab LT Preferred Equipment Group w/All Star Edition and 4.3-liter V6). It is $319 per month for 39 months with $3,629 due at signing. It’s capped at 32,500 miles before additional mileage fees accrue.
The Chevrolet Silverado is currently the No. 3-ranked full size pickup in our rankings. It’s available with a trio of advanced engines with gasoline direct injection, cylinder deactivation, and variable valve timing. The engine technologies join forces to provide excellent power without sacrificing efficiency.
Chevrolet Silverado Purchase
Buyers of the 2016 Chevrolet Silverado can get a financing deal in May of 2.9 percent for five years with up to $2,000 cash back, depending on the trim level. Bring your own financing, and you can get up to $3,000 cash back, based on what trim you choose.
For 2016 the Silverado received a facelift, with LED lighting accenting its new front end. It is available with 4G LTE data connectivity, the ability to act as a Wi-Fi hot spot, and support of Apple CarPlay and Android Auto smartphone interfaces.
Ram 1500 Lease
In many parts of the country you can get a lease deal in May on several Ram 1500 models. Depending on your location, monthly payments can start as low as $289 per month on a three year lease for a Ram 1500 Express, with $2,999 due at signing.
There’s even a lease deal on the top-of-the-line Ram 1500 Limited. Customers can lease one for three years with payments of $561 per month with up to $1,000 bonus cash back in some areas.
Ram trucks are available in dozens of configurations with regular, Quad Cab, and Crew Cab versions; three box lengths; and rear- or four-wheel drive models.
Ram 1500 Purchase
Depending on where you live and the trim level you choose, you can get a great deal on the 2016 Ram 1500 pickup. A cash allowance of as much as $6,500 is available on the Ram 1500 Big Horn Edition. It comes standard with a 5.7-liter V8 engine.
Finance through Ram and you can get zero percent financing for up to five years and $2,250 cash back or 2.9 percent financing for seven years and $500 cash back on the Ram 1500 Big Horn edition in some parts of the country.
GMC Sierra Lease
GMC is offering a lease deal on the Sierra Double Cab (Rear-wheel drive, SLE Preferred Equipment Group) with a monthly payment of $299 for 39 months with $4,539 due at signing. Despite the longer than typical lease term, this offer comes with a low mileage cap of 32,500 miles.
The 2016 GMC Sierra currently holds the No. 4 slot in our rankings of full size pickups. For 2016, the GMC Sierra received a minor facelift including new headlights that feature GMC’s signature LED accent lighting.
GMC Sierra Purchase
If you choose to finance through GMC, they’re offering a 2.9 percent finance deal for up to four years with up to $2,500 cash back, depending on the Sierra trim level you choose. Finance through your own bank or credit union, and you can receive up to $3,500 cash back.
The GMC Sierra makes an excellent office on the road, with spacious cab options, available 4G LTE data connectivity, the ability to use the truck as a Wi-Fi hot spot, plus Apple CarPlay and Android Auto capability.
2016 Toyota Tundra
Financing deals for May on the full size Toyota Tundra pickup vary based on where you live, but range from zero to 2.9 percent for up to six years. In the Southwest and Gulf states, zero percent financing for five years is accompanied by $1,500 cash back.
Lease deals with payments as low as $309 per month for three years with $3,308 due at signing are available in the Southeast on Tundra SR5 models. In Southern California, the payment is higher ($359 per month for three years), but there’s only $1,999 due at signing.
The luxurious Tundra Platinum is available in the Southwest and Gulf States for $529 per month for three years with $2,999 due at signing.
The 2016 Toyota Tundra currently holds the No. 5 spot out of six in our rankings of full size pickup trucks. The older design is not as fuel-efficient as many newer models.
2016 Toyota Tacoma
Lease and finance deals aren’t available for the 2016 Toyota Tacoma across the country, but if you’re buying in the Southwest or Gulf States, you can get $500 cash back in May. The Tacoma was redesigned for 2016. It’s the No. 3-ranked truck in our list of compact pickups.
Customers in the Northeast can get a lease deal for $299 per month for three years with $2,799 due at signing on the Tacoma Short Bed SR5. Those in the Southeast can lease a Tacoma for $223 per month for three years with $2,622 due at signing or $287 per month for four years with $287 due at signing on the Short Bed SR5.
2016 GMC Canyon
Which 2016 GMC Canyon lease deal should you choose? It depends on how much you drive. You can get into a Canyon for $249 per month for three years with $3,089 due at signing on the Canyon Crew Cab (2WD SLE).
But that lease is limited to 30,000 miles over the term of the contract. They’re also offering a similar truck with the Preferred Equipment Group on a $279 per month lease deal for 39 months with $1,889 due at signing. The mileage cap on the 39-month lease is 48,750 miles.
If you prefer to buy rather than lease, GMC is offering 2.9 percent financing for four years on all 2016 Canyons except those equipped with the SL Preferred Equipment Group.
The 2016 Canyon holds the No. 2 position in our rankings of compact pickup trucks.
2016 Chevrolet Colorado
Buyers looking for our No. 1-ranked compact pickup, the Chevrolet Colorado, can finance one in May with a 2.9 percent interest rate for five years (Base model excluded). For 2016, the Colorado is available with a turbodiesel engine.
If you would prefer a lease deal, you can get a Colorado (Crew 2WD LT) for $269 per month for 39 months with $1,819 due at signing. The lease does have a low mileage limit of 32,500 miles, after which you will required to pay a mileage charge of 25 cents per mile.
2015 Nissan Titan
With a redesigned Nissan Titan coming soon, Nissan dealers are trying to clear out their remaining 2015 models with $1,350 bonus cash. Bring your own financing and Nissan will provide an additional $1,500 cash back in the Southeast, Southwest, and Northwest.
The Nissan Titan is currently ranked No. 6 of six in our listing of full size pickups.
Many of these deals expire at the end of May, so it’s time to finish your research by checking our rankings of the best full size and best compact pickups, and then visiting our Best Price Program to save yourself even more money.