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September 11, 2017

Need a new pickup truck? Consider leasing


We tend to think of pickup trucks as long-term purchases that will take us to work, haul our cargo and sit in our garages for years, long after we've paid them off. But the sticker prices of new vehicles have reached record highs, and a $650 monthly payment for a full-size truck can be a lot for some owners to manage.

If you want a truck and want to keep the payments more manageable, it might be time to think about leasing. Edmunds data shows that the monthly payment on the lease of a new truck is roughly 30 percent less than its finance payment.

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