Toyota’s full-size Tundra pickup didn’t have the best year last year, with sales declining by over 7%. Changes made for the 2026 model year changes didn’t go far enough, while intense competition from American brands in this segment is another uphill battle faced by the Tundra. Still, it’s a tough pickup with a lot more power and capability than the smaller Tacoma. This March, Toyota is running lease deals on two Tundra trims, including both standard and hybrid powertrains. Here’s everything you need to know.
This Month’s Toyota Tundra Lease Deals
Toyota
The Toyota Tundra’s lease price starts at $559 per month for the SR5, which is one trim above the base SR. This is a 36-month lease and requires an initial payment of $3,999—it’s more expensive than the SR5’s February lease, which was $50 cheaper per month. The only other Toyota Tundra leasing deal is for the more powerful Limited i-Force Max hybrid model, which will cost you $699/month with the same lease term and initial payment.
Both these Toyota Tundra lease offers exclude tax, title, licensing, and registration costs. Toyota includes 10,000 miles annually, but if you drive more than this, you’ll be liable for a fee of $0.15/mile. Both lease deals are valid until March 31, 2026, so there are still a few weeks to take advantage of them.
It must be noted that these deals are specific to buyers in California. However, you can check for similar lease offers for the Tundra by visiting the Toyota website and adding your unique zip code.
If you’d rather buy a 2026 Tundra, the pickup has a broad lineup, starting with the stripped-down SR at $41,260. You can spend almost double that on the luxurious Capstone with the hybrid powertrain, which starts at $80,800.
2026 Tundra Powertrain and Features
Toyota
If you choose one of the current Tundra lease deals, you get two very different packages. The SR5’s 3.4-liter twin-turbocharged V6 is no slouch, with 389 horsepower and 479 lb-ft of torque. But the Limited with the i-Force Max hybrid powertrain is a different beast; it produces 437 hp and 583 lb-ft. These lease deals apply to the four-wheel-drive CrewMax models, and both have a 10-speed automatic transmission. They also share similar towing capacities of over 11,100 lbs.
The SR5 is quite low down in the Tundra lineup so doesn’t get the fanciest features, but it does come standard with an eight-way power driver’s seat, single-zone automatic climate control, a nine-speaker sound system, and an eight-inch touchscreen. The Limited i-Force Max adds amenities like heated/ventilated front seats, leather upholstery, a powered front passenger seat, dual-zone automatic climate control, and a much larger 14-inch touchscreen.
Ultimately, the SR5 has all the essentials, but only the Limited starts to feel like a more comfortable luxury pickup.
Final Thoughts
Toyota
The Toyota Tundra isn’t the cheapest full-size pickup to lease this March. For example, Chevy is offering a deal on the Silverado 1500 Crew Cab in LT guise; this costs $379 per month over 36 months, with $1,809 due at signing. The 310-hp four-cylinder engine isn’t as brawny as the Toyota’s V6, but it’s an example of a cheaper and capable rival.
That doesn’t mean you shouldn’t consider the Toyota. Its rugged looks, massive interior, and powerful engines make it a strong contender. It just happens to find itself in an impossibly competitive segment where Ford, Chevrolet, and Ram have highly brand-loyal customers.
Disclaimer: This article is provided for informational purposes only. The information presented herein is based on manufacturer-provided lease offer information, which is subject to frequent change and may vary based on location, creditworthiness, and other factors. We are not a party to any lease agreements and assume no liability for the terms, conditions, availability, or accuracy of any lease offers mentioned. All terms, including but not limited to pricing, mileage allowances, and residual values, require direct verification with an authorized local OEM dealership. This article does not constitute financial advice or an endorsement of any particular lease or vehicle.
About the author
Karl Furlong
Senior Editor, Autoblog