In the US, pickup trucks are some of the most popular vehicles on the road. In the entirety of North America, pickup trucks account for 18% of vehicles on the road. This month, if you are in the market for a new pickup truck, there are many deals you can investigate into. Buying a car is a major decision, and making sure to pick a vehicle with informed decision making in order to make it align with your budget and environmental needs.
Aligning your vehicle with your budget
When buying a vehicle, you need to seriously consider what can align with your budget. Cars a depreciating asset. This means that their value decreases rapidly over time. If you decide to sell your car later, you will not make a profit back on the vehicle. Because of this, spending money on a car which is out of your budget is not a wise decision, as you will not make that money back, unlike if you purchase a house which is meant to increase in value.
When buying a vehicle, it is recommended that you spend a maximum of 30% of your monthly salary on your vehicle repayments. This is, however, on the upper end of the recommended amount you should spend, and it should ideally be lower in the 20% range. Some experts say if you are able to purchase your car in cash, that is also a massive advantage. You must remember to keep your repayments low, as cars have ongoing cars like fuel and service costs.
These are the best truck deals this month
According to the official website of US News, if you are wanting to buy a vehicle, the following brands are offering the best truck deals for this month. Note that the deals all expire on the 25 March:
2024 Chevrolet Colorado
Taking the top spot is American company Chevrolet’s 2024 Colorado. Current lease deals are going for $369 per month for 36 months with a $5,119 deposit due at signing.
2024 Chevrolet Silverado 1500
Another Chevrolet favorite, this model is currently going for $449 per month for 36 months with a $4,699 deposit due at signing.
2025 Ford F-150
Another proudly American brand, the Ford F-150 is currently offering consumers a deal of $684 per month for 48 months with a $4,655 deposit due at signing
Other brands offering great deals on their models
With Chevrolet and Ford taking the top spots for this month, the following brand’s models have also made it to the list for best deals you can get this month on trucks:
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2024 Ford F-150 Lightning
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2024 Ford Maverick
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2025 GMC Hummer EV Pickup
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2024 Honda Ridgeline
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2025 Honda Ridgeline
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2024 Hyundai Santa Cruz
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2025 Hyundai Santa Cruz
Do not forget about the importance of insurance
While you are shopping for your next vehicle, do not forget about the importance of also securing adequate car insurance. While some states do not require you to purchase car insurance, if you want to be a responsible driver, you must ensure that you purchase adequate car insurance. If you are in an accident and something happens to your vehicle and you are not insured, you can slash your savings and financial stability significantly, especially if your vehicle is no longer drivable after the accident.
In the US, State Farm is the largest car insurer. They hold a market share of 18.32%. Right behind them is is Progressive, which holds a 15.25% market share. In third place is Geico, who holds a market share of 12.3%. Part of the reason why State farm is the number one insurer on the road is due to the fact that they offer some of the cheapest and most affordable premiums on the road, ensuring that they are an accessible insurer to suit all drivers’ budgets.
