Report: More Consumers Leasing Trucks

By

Automotive Editor

Armaan Almeida was an Automotive Editor who produced buying guides and sneak previews, in addition to publishing daily news stories and tracking monthly deals, incentives and pricing trends from Toyota, Nissan and Lexus.

Follow On: Google+ | Website

, Automotive Editor - March 18, 2015

With price tags of some fully-loaded trucks approaching $50k, truck leases are on the rise.

Alas, it's finally St. Patrick's Day. We're seeing green everywhere. And so are dealerships across the country. Now fifty-thousand bucks is a whole lotta' green. And it's a well-rounded sum normally applicable to a stout luxury sedan like a 2015 Audi A6 or a couple redesigned Nissan Rogues (with money left to spare for a 2-week vacation).

Highest Trim Level MSRP Price 2014/2015 March Incentives
2015 Chevrolet Silverado High Country 4x4 $50,275 / $52,345 $2,000 Rebate
2015 Ford F-150 Limited/Platinum $55,605 / $55,875 $1,000 Rebate
2015 Toyota Tundra Platinum/1794 4x4 Sold Out / $49,075 $750 Rebate
2015 RAM 1500 Longhorn 4x4 $51,075 / $51,935 $1,000 Lease Bonus



Trend: High-End Trim Levels

But lately, we're seeing an increasing number of trucks approaching that price level--and we're not talking about HD options--but fully-clapped out luxury trim levels like the 2015 Chevrolet Silverado High Country, one of the luxurious and well-optioned trucks currently offered. The price? Try twice as much as a base model 2015 Silverado.

But shoppers aren't buying these trucks. They're leasing them. So says a report published recently that says that pickup truck leases were up 14% in 2014 compared to 3% in 2010. So what gives? Well, besides the price, people aren't using trucks like they used to. Advancements in engine technology and lightweight materials are making them fuel-efficient enough to commute in them on a daily basis, regardless of collar color.

Chevrolet Silverado Interior

Top 10 Green Cars for St. Patrick's Day »

Usage Cases Changing

Which leads us to a common downfall to leasing: the dreaded mileage limit. Typically, leased vehicles only allow 10,000 - 12,000 miles annually. Well, although consumers are driving them to both work and soccer practice, they're not driving them cross-country on family trips. And they're not dumping 10,000 pounds of rocks at construction sites like those commercials illustrate. The usual wear & tear on trucks of yore are absent in today's cases. Trucks today are not beat up and abused like you might think.

The Case for Leasing

So should you lease a truck? We say yes. It makes sense, especially since we've heard personal stories around the office of drivers getting tired of trucks after a couple of years. By leasing a truck, you're afforded the flexibility of swapping it out should your needs or wants change. And that will definitely save you some green.

Search for the newest trucks here »

, Automotive Editor

Armaan Almeida was an Automotive Editor who produced buying guides and sneak previews, in addition to publishing daily news stories and tracking monthly deals, incentives and pricing trends from Toyota, Nissan and Lexus.

Follow On: Google+ | Website