Best Truck Deals For May 2020

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Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

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, Senior Pricing Analyst - May 7, 2020

Although a slew of manufacturers are offering great truck deals in May, a lot of consumers won't actually be able to take advantage of some of the best incentives for buying and leasing. For example, Ford is offering 0% APR for 84 months on the 2019 F-150, a truck that has already sold out in most parts of the country.

Here's a look at the 3 best truck APR deals and discounts on vehicles you can actually find ahead of the Memorial Day holiday.

Full-Size Truck: 2020 Chevy Silverado 1500

GM has been offering 0% APR for 84 months since March and isn't limiting buyers to last year's version of its bestselling truck. That said, a change in rules means that last month's 120-day payment deferral can no longer be stacked with 0% APR.

Interestingly, the GMC Sierra offers the exact same deal. Well, not exactly. Starting this month, GMC is no longer advertising deferred payments. As a result, those looking to buy a Silverado may be able to enjoy greater flexibility with their purchase.

Build & Price Your 2020 Chevy Silverado »

Midsize Truck: 2020 GMC Canyon

As of May 1, Canyons are eligible for GMC's best deal — 0% APR for 84 months. Previously, the deal was limited to a handful of models. Curiously, our analysis finds that Chevy isn't offering any sort of APR deal on the 2020 Colorado. That gives the Canyon a big edge when it comes to affordability.

Build & Price Your 2020 GMC Canyon »

Heavy-Duty Truck: 2019 RAM 3500

Those with bigger hauling needs should know RAM's largest truck is now eligible for Employee Pricing as of May 5. The 2019 RAM 3500, which can still be found at most dealers, offers over $8,100 off MSRP in the case of the well-equipped Limited trim. The discount offers 5% off the dealer's invoice price plus a $200 fee.

Sadly, last month's 0% APR deal for 84 months has been completely canceled. While other RAM trucks are still eligible for interest-free loans for up to 72 months, 0% deals on the 3500 are now capped at just 36 months. That's quite a difference that could make taking the latest discount a much better value.

Build & Price Your 2019 RAM 3500 »

Most offers end June 1.

, Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

Follow On: Twitter

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