It’s a great time to look for a new truck. The economy has gone through a slow period recently, which means that many dealerships have extra inventory on their lots. They need to especially sell leftover 2020 and 2019 models to make room. In order to move inventory quickly, dealerships are scrambling to offer incentives, cash rebates and special financing options to get buyers in the door.
Whether you’re looking for a compact truck, midsize truck, or a full-size truck, there are a lot of options at dealers across the country. Strong incentives and rebates are available for new truck owners or those who want to upgrade. It’s the perfect opportunity for seniors on a fixed income.
2020 Dodge Ram 1500
The Dodge Ram is also a classic American pickup with a lot of popularity. The base Ram can be had for about $31,895 to start. The Ram 1500 recently won the MotorTrend Truck of the Year award in 2019. It offers a nice selection of luxurious trims with posh cabins and quality materials. However, the Ram won’t be outdone as a work truck either. It has strong towing and performance abilities for its class.
You have several engine options to choose from with the Ram 1500. A base 3.6-liter gas V6 makes 305 horsepower, which is plenty to move the Ram around town. You can also upgrade to the 395-horsepower engine by getting a Hemi V8. To get the best balance of power and fuel economy, you’ll want to get the EcoDiesel engine with 260 horsepower.
The V6 engine offers about 26 MPG combined average, and the V8 engine offers a 23 MPG combined average. Inside, the Ram 1500 doesn’t hold back with cutting-edge technology like the Harmon Kardon premium sound system and creature comforts like the heated and ventilated rear seats.
2020 Ford F-150
The F-150 is continuously the top-selling truck in the United States. There are lots of reasons for this. For one thing, the F-150 is endlessly customizable with several trims and layouts. The second reason is that the starting MSRP can be as low as $28,495. For those who only want an entry-level truck, it’s hard to beat the F-150.
The F-150 is also known for being reliable and durable. Owners of F-150 trucks are quick to tell others how much they love their trucks. That’s one of the reasons why the F-150 has such a loyal following. The F-150 design is classic and recognizable, and it has competitive power and performance.
Getting into a new F-150 has never been easier with a new financing incentive of no interest for 72 months on all new F-150s. You can also opt for a 2019 model and get $4,750 cashback.
2020 Chevrolet Silverado
The Chevy Silverado also has its share of loyal followers just like the Ram and F-150. The new Silverado models are some of the best that Chevy has made. The base price of around $28,300 makes it easy for most buyers to get into one. The interior cabin has been much improved on the new Silverado.
If you’re interested in buying a new Silverado, then you’ll love to know that Chevy is currently offering a $5,000 cashback incentive for buying the Silverado Crew Cab. If you want to lease a new Silverado, then you can get a low monthly payment of $309 and only $1,500 due at signing. If you don’t mind buying the 2019 model, then you’re eligible for $7,500 cashback and 0% financing.
2020 GMC Sierra
General Motors is now offering $6,000 cashback on a new Sierra 1500 with a crew cab layout in the Denali trim. The base price for this truck starts at $29,600, so you’ll be saving quite a bit. The Sierra is definitely a desirable pickup with features like a premium Bose sound system, eight-inch touchscreen, leather seats and modern safety technology.
If you want to lease the Sierra, you can get a 4WD Sierra SLE with a double cab layout for just under $300 per month. If you’re looking for a more compact ride, then consider the GMC Canyon with a zero-interest financing offer for 84 months and $2,750 cashback.
Why Are Truck Prices Low Right Now?
The economy has gone through a slow period recently, which means that many dealerships have extra inventory on their lots. They need to especially sell 2020 and 2019 models to make room for the incoming 2021 models. In order to move inventory quickly, dealerships are scrambling to offer incentives, cash rebates and special financing options to get buyers in the door.
The big three in Ford, Chevy and GMC also know that it’s difficult for a lot of Americans to afford new vehicles. That’s why they’re lowering prices and offering incentives.
Check out the links below to find the best local options for leasing and buying.