For a long time, pickup trucks have been among the most popular automobiles in the United States. They are constructed to last and serve multiple purposes. As a result, there are probably a number of secondhand pickup trucks currently being driven about or stored in people's garages and driveways.
If you want to sell your truck or invest in one that will hold its value for a long time, it helps to be aware of its resale value. Finding the best trucks among the hundreds of available models might be a challenge, so we've done the legwork for you. Here we'll go over which pickups hold their value the best after purchase.
They are constructed to last for a long time, serve multiple purposes, and be dependable. That's a lot of pre-owned pickups on the roads or in people's garages and driveways. Whether you're selling your truck or shopping for a new one, knowing how much it will sell for in the future is crucial. We've done the research to help you pick the best vehicles out of the hundreds of models available. Here we'll go over which pickups hold their value the best after purchase. You can only get the most out of a new car bargain if you can keep your operating costs low and your trade-in value high.
In this market, pickups and sport utility vehicles (SUVs) are king. These kind of cars always maintain their value since there is always a market for them. However, this is not true of everyone.
Toyota has been named the Best Resale-Value Brand again, an honour it last took home in 2014. The brand took home four of the top awards for the 2017 model year.
For the first time, three different Porsche models have won the distinction of Best Resale-Value Luxury Brand.
General Motors, with seven models winning awards for its Chevrolet as well as GMC brands, Honda, with 4 different winners, plus Subaru, last year's greatest brand winner, with 4 2017 Best Resale-Value Award victories, are other noteworthy automakers amongst the other list of nominees in 22 different categories.
If you're trying to determine which car to buy, you should give some thought to how much money you'll get back if you choose to sell it later. For example, if you know you'll be trading in your automobile every 5 years and purchasing a new one, you can save money by purchasing a vehicle that maintains its worth throughout that time.
Consider the car's resale value before making a purchase. Vehicles that depreciate rapidly might be difficult to trade in, especially if the cost of doing so exceeds the remaining loan balance. The result could be a loss of equity. Buying a car with a high resale value can help you avoid or lessen the impact of this.
Topping insurance, gas, and regular maintenance, depreciation is the most significant ongoing expenditure associated with owning a vehicle. Five years down the road, the typical new vehicle will only be worth 35.1% of its purchase price, or about $10,500, if you bought a $30,000 automobile or truck today.
Picking a vehicle or truck that maintains its worth better than average will pay off at trade-in time unless you plan to keep it for a decade or more and actually drive it down to the ground. The 2018 Toyota Tacoma full pickup truck is predicted to maintain an industry-leading average of 61.1% of its initial transaction price after five years of ownership. A vehicle that costs $30,000 now will be worth $18,330 in 2020, a difference of approximately $7,800 compared to the average car.
Remember that the larger the initial investment in a car, the greater the significance of its residual value. Leasing a new car or truck can benefit from this as well, because the difference between the purchase price and the estimated residual value of the vehicle at the conclusion of the lease term is the primary factor in determining the monthly payment.
Forecasts of resale prices depend on a wide range of economic variables and past data, and they may not be applicable everywhere in the country due to regional differences in supply and demand. Nine of the top 10 models from the model year 2018 that will return the best resale values in five years are pickup trucks as well as truck-based SUVs, highlighting the today's market transition away from passenger vehicles and toward more truck-like forms of transport. Even though six of the top ten models are American-made automobiles, Toyota occupies the top three spots.
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The Toyota Tundra is a good option if you're searching for a full pickup truck.
The Tundra, like the Tacoma, is a full-size pickup that has proven to hold its value better than its competitors. This is due to its high level of quality and reliability.
The Toyota Tundra has been rated highest in resale value by Kelly Blue Book for full-size pickup trucks for numerous years running. It's a smart move to buy a Tundra because its resale value is expected to increase by 57.2% in only five years.
The Toyota Tundra has earned a strong reputation as a dependable and high-quality full-size pickup. For a relaxing drive with the family and the boat into your favourite holiday site, consider this vehicle, which can pull over 10,000 pounds, has a roomy cabin, and provides a smooth ride on the highway. This pickup can handle the demands of the busiest families throughout the week and on the weekend. The Tundra's durability is a major factor in why it has the highest resale value of any vehicle in its class in 2020.
The average depreciation for Toyota Tundras was 37.1%.
In terms of resale value, Toyota is consistently ranked first. It's possible that supply and demand are at blame, together with the fact that truck discounts are relatively rare. For 2019, the full-size Tundra ranks third.
Model Year 2019 Toyota's baseline safety package, known as Toyota Safety Sense-P (TSS-P), is included in every Tundra. There is a new SX trim level, and both the Double Cab or CrewMax versions of the truck are offered with V8 engines. You can hook up up to 10,200 pounds to this half ton's trailer hitch.
Although the Toyota Tundra full-size pickup truck is not as popular as the American-made trucks, it is predicted to recoup an average of 54.2% of its purchase price after 5 years.
Next week, we have a two-for-one special on pickup trucks that have excellent resale value. All versions of Chevrolet's Silverado pickup are built to last.
There are two Heavy Duty Silverado variants: the 2500HD and the 3500HD. These pickups can manage hefty loads on weekdays and are perfect for towing and transporting recreational vehicles on the weekend. The full-size Chevy Silverado 1500 still has the capability to handle a reasonable workload as well as towing, but it is more social and ecologically friendly.
If you're looking for a pickup truck and value quality over quantity, go no further than the Silverado or Silverado Heavy Duty, both of which are excellent investments thanks to their expected 5-year resale values of 60.1% and 52.7%, respectively.
The average resale price within five years of purchase is predicted to be 52.7% of the purchase price.
The Chevrolet Silverado is an extremely capable pickup truck that comes with a variety of engine options, several trim levels, and cutting-edge towing technologies.
The all-new 2020 Silverado HD is an excellent option if you're looking for a vehicle with high retained value because it's brand new to the market. Adding a fresh look with additional amenities to the Silverado HD, which already had a stellar record for maintained value, only makes the tale stronger.
Wheelbase on crew cab variants is 5.2 inches longer, while the overall length, width, and height of the Silverado HD are all improvements over its predecessor. Furthermore, its maximum towing capacity has increased by 52 percent, reaching 35,500 pounds. Work Truck, LT, Custom, LTZ, & High Country are the five possible trim levels. Standard now is a 6.6-liter V8 gas engine with 401 hp and 464 lb-ft of torque paired with a six-speed automated transmission. The alternative is a Duramax 6.6-liter turbodiesel V8 mated to a brand-new Allison 10-speed automatic transmission, which together provide 445 horsepower and 910 lb-ft of torque.
The average depreciation for a Chevrolet Silverado 1500 was 39.7 percent.
New for the lighter and longer 2019 Chevrolet Silverado is a 2.7-liter gasoline turbo engine option. The Duramax 3.0L diesel engine is a brand-new addition as well. In 2019, two new trims—the RST (street performance) as well as the LT Trail Boss—will join the lineup's existing eight (off-road).
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The full-size Chevy Silverado pickup, like its main competitor, the prior F-150, tenaciously retains value, returning an average estimate of 50.4% of the initial transaction value after five years.
Present Chevrolet Silverado non-heavy-duty full-size pickup vehicles are in a never-ending sales struggle with the Ford F-150 and other fantastic full-size pickups like the Ram 1500 and Sierra. Many different Silverado configurations are available so that it can appeal to a large audience. Prices for the base Silverado begin below $30,000, but the high-end Silverado High Country can easily cost $70,000 in today's market. The Silverado comes with a wide range of engine options, beginning with a 4.3-liter V6 with 285 horsepower. However, the more common 5.3- and 6.2-liter V8s are what most buyers end up going with. Active fuel management and a ten-speed automatic transmission come standard on both the 6.2- and 5.3-liter V8 engines. You may also have a 3.0L turbodiesel with a 10 speed automatic transmission or a 2.7L 4-cylinder turbo with an 8-speed automatic. Duralife brake rotors are used in the Silverado's braking system because of its corrosion resistance and extended lifespan (up to twice as long as regular rotors).
2020 GMC Sierra 2500 HD
The GMC Sierra 2500 HD, such as the Silverado HD, is brand new. The fresh Sierra 2500 HD by GMC is larger in every respect than its before, and it places a premium on towing due to GMC's observation that this is a major concern for purchasers of heavy-duty pickups. The Sierra HD's Pro-Grade Trailering system, for instance, has a segment-first "clear trailer view" that allows the driver to effectively see through a trailer. An optional "smart trailer" is also available, and it was built with the intention of incorporating ASA Electronics' iN Command control system. With this feature, you may use the myGMC app on your smartphone to manage certain features of a trailer that supports it. Finally, a 15-inch-diagonal head-up display is provided, providing information like as vehicle speed, navigation, and an inclinometer. Just like the Silverado 2500 HD, this vehicle also offers a variety of powerful engines.
After five years, the average owner may expect to recoup 52.5% of their investment.
The GMC Sierra's carbon fibre truck bed, six-way configurable lid, and rearview camera provide ample sight even while pulling a large trailer.
The average depreciation for a GMC Sierra was 39.9 percent.
The GMC Sierra 2019 has improved its position as the car with the highest resale value by one spot this year. The Multi-Pro Tailgate is a new feature from General Motors that serves six purposes.
Color heads-up screen, carbon-fiber cargo box, new 3.0L turbodiesel option, and increased length are just some of the unique updates on the GMC Sierra. In-car entertainment features are compatible with both Android Auto and Apple CarPlay.
Comparable in size to the Chevrolet Silverado, the GMC Sierra full-size pickup retains an average of 51.9% of its purchase price after five years, making it the superior choice for consumers.
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2020 RAM 1500
The RAM 1500 should be on the peak of your purchase list if you value practicality highly but value ride comfort & handling just as much. The 2019 RAM 1500 had a complete overhaul, and the truck's blend of engineering and technology has helped it win multiple Trucks of the Year accolades. titles. A lot of truck's length may be attributed to the newest RAM pickup, which is 120 pounds lighter than its predecessor while still providing a large payload and impressive towing capabilities. It has the largest roomy cab in its class and comes in three lengths, all of which are longer than their predecessors. Nothing beats the inside of a 2020 RAM 1500. A wide range of features can be managed using the included 12-inch completely adjustable touchscreen. The Pentastar V6 with eTorque technology is the base engine for most trim levels. It has 305 hp and 269 pound weight of torque, according to the manufacturer. Additionally, the 395 hp and 410 pound weight of torque from the 5.7-liter Hemi V8 with VVT/CD is also an option.
The average depreciation for a Ram 1500 was 42.7%.
2020 Ford F-150
Throughout the decades, the Ford F-Series, spearheaded by the half-ton F-150, has been the best-selling truck in America. Ford's F-150 has been so successful that the company now offers a dizzying array of makes and models, cab widths, and bed lengths. Even though the F-150's priciest trim level, the Limited SuperCrew Styleside, may set you back more than $70,000 before options and taxes, there are plenty of other F-150s that can compete with it in terms of looks, comfort, and features. The base model of the F-150 is the XL Style-side, a conventional cab truck with back wheel driving and a starting MSRP of around $28,500. The F-150 comes standard with a 3.3-liter V6 and a 6-speed automatic transmission, but there are several more engine options available, including a 2.7-liter EcoBoost V6, 5.0L V8, 3.0L PowerStroke turbodiesel V6, and a 3.5-liter EcoBoost V6. A ten-speed automatic is standard across the board. The off-road focused high-performance Raptor joins the XL, XLT, King Ranch, Lariat, Platinum, and Limited trim levels.
Ford has added a new 3.0L Powerstroke diesel engine to the F-150 lineup for 2019. High-end models can be equipped with luxuries like multi-contour massage seats. The compatibility of infotainment systems with WAZE & Amazon Alexa is a recent addition.
In addition to being the best-selling car in America, the F-150 full pickup truck retains an average of 54.2% of its initial purchase price after five years. This figure varies slightly across trim levels.
2020 Toyota Tacoma
Many people consider the Toyota Tacoma, a midsize pickup truck, to be the best and most reliable truck available. Optional strong powertrains include a 159-horsepower 2.7-liter inline four-cylinder or a 278-horsepower 3.5-liter V6. There is a six-speed manual transmission available for the V6, and a 6-speed automatic is available for the other engines as well. The Access Cab trim of the Tacoma has rear-hinged rear doors, whereas the Double Cab trim has bigger traditional back doors and can seat five people inside. Each cab configuration can be had in either a rear-drive or four-wheel-drive configuration. The TRD Off-Road & TRD Off-Road Pro models cater specifically to off-road enthusiasts. However, where past models of the Tacoma fell short stylistically on the inside, the 2020 model year delivers a modern, well-designed cabin to match its tough character.
The Toyota Tacoma is a great choice if you need a medium truck that will keep its value over time. Because of its durability and dependability, it has been a top seller among midsize pickups for years.
The Toyota Tacoma's durability has been proven in extreme conditions through offroad racing, and the truck's ability to withstand abuse has carried over into its more commonplace uses as a work truck and family car.
The Tacoma has been named the best midsize truck for resale value for the past six years running. In comparison to other investments, its estimated resale value after 5 years of ownership is 60.6%, making it the smartest choice. This is the perfect truck if you plan to sell it a few years down the road for what you paid for it.
The average loss in value for a Toyota Tacoma was 29.5 percent.
The Toyota Tacoma has the highest resale value of any car on the market. This midsize pickup ranked at the absolute top resale value rankings in both 2018 and 2019.
The 2019 Tacoma sees a few minor updates over the 2018 model. Toyota has upgraded the off-road pickup's ride quality and muffled the inside to make it more comfortable.
Five years after purchase, the medium Toyota Tacoma truck would recoup an average of 61.1% of its purchase price, making it the vehicle with the best resale value between all 2018 models.
As its strong resale value — an average of 54.2% after five years — attests, the truck based Toyota 4Runner mid-size SUV is a hot item in the pre-owned market.
The Toyota 4Runner drops to fifth position, but it's still among the top 10. An off-road SUV that can get you where you need to go and has some entertaining extras, including crawl control.
Fox suspensions like the TRD Pro variant, JBL audio, and a TRD-like roof rack are just a few of the new features on the 2019 4Runner. Style for the body-on-frame SUV is upgraded with the Nightshade special edition.
In general, Toyota 4Runners lost value by 38.1%.
The Honda Ridgeline is a crew cab shortbox that rides on a unibody structure (Sport Utility Truck). Modest adjustments have been made for the next year of 2019. This midsize truck can be had with either two-wheel drive or all-wheel drive. The Honda Ridgeline is notable for its innovative trunk design.
The Honda Ridgeline, a midsize pickup truck, is the sole car-based pickup in the United States. It has numerous useful features and is predicted to retain 46.7% of its initial price after five years.
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2020 GMC Canyon
The GMC Canyon 2020 is essentially a GMC-badged Chevrolet Colorado, but with a more upmarket design. An All Terrain & Denali models are proof of this, while the latter is a long-running success story for GMC. Chrome accents on the grille, 20-inch aluminium wheels, and heated and ventilated leather seats are just a few of the outward luxuries included on the Canyon Denali. The Canyon is available in a wide variety of trim levels, including the base SL, the mid-level Canyon, the high-end SLE, the rugged All Terrain, and the luxurious Denali.
Two gas engines are available for the Canyon: a 2.5-liter four-cylinder with 200 horsepower and a 3.6-liter V6 with 308 horsepower, both paired with eight-speed automated transmissions. There's also a Duramax diesel engine that can put out 2.8 litres of power. Z71 off-road suspensions, an automatic latching rear differential, and a transfer case skid plate are all part of the truck's All Terrain package. It's possible to get either a 5-ft or 6-ft box in the extended cab or crew cab configuration.
2020 Chevrolet Colorado
After an extended hiatus, General Motors returned to the market with the Chevrolet Colorado & GMC Canyon, two midsize trucks. Since then, the Colorado has solidified its position as a reliable midsize pickup. Truck purchasers in Colorado can get the exact truck they desire from a selection of bed lengths & cab sizes. Models range from the base "work-truck" to the top-of-the-line ZR2. If you get the ZR2 with the 3.6-liter V6 engine, which produces 306 horsepower, you'll have more than enough power for racing across the desert at breakneck speeds. If you're concerned about gas mileage, think about the turbodiesel 2.8L in-line 4-cylinder engine that produces 186 horsepower and 369 lb-ft of torque. The Colorado can tow up to 7,700 pounds with that engine. The tailgate lock may now be activated by the key fob, and a tyre fill alert system will debut for the model year 2020.
Another midsize pickup on the ranking of highly desirable second-hand automobiles. To this day, the 2019 Chevrolet Colorado is ranked eighth.
Colorado now comes in three brand-new colours for 2019, in addition to an improved infotainment system. A 6-way power driving seat is standard on the LT, Z71, and ZR2 models. Those who purchase a Z71 or ZR2 will be treated to a heated steering wheel. If you opt for the Duramax diesel, you can tow up to 7,700 lbs.
After five years of ownership, the popular Chevrolet Colorado midsize pickup truck is expected to return 47.5% of the MSRP.
Pickup trucks have been one of America's most beloved modes of transportation for decades. Toyota has been crowned the Best Resale-Value Brand again, a distinction it last took home in 2014. Three Porsche vehicles have now achieved the title of Best Luxury Brand, a first for the company. Think about how much you'll get back if you decide to sell the car. Vehicles that depreciate rapidly could be difficult to trade in.
After five years of ownership, the 2018 Toyota Tacoma full-size pickup truck is expected to retain an above-average 61.1% of its original purchase price. Pickup trucks account for nine of the top ten models expected to retain their value the best over the next five years. As a full-size pickup, the Tundra has established itself as an industry leader due to its reliability and quality. In just five years, its resale value is projected to rise by 57.2%. Two pickup trucks of equal or greater value will be offered at a discount next week.
The Silverado truck from Chevrolet is a reliable choice. In the first five years after purchase, the average resale price is 52.7% of the original purchase price. Chevy's full-size Silverado truck is one of the most resolute in terms of resale value retention, with an estimated 50.4% of the purchase price returned after five years. The Silverado's braking system utilises Duralife brake rotors, which are known for their durability and resistance to corrosion. The new 2019 RAM 1500 is lighter by 120 pounds compared to the previous generation.
GM's new Multi-Pro Tailgate can be used for a variety of tasks. It has the class's most spacious cab and is available in three, all-new, larger lengths. The Ford F-Series is the best-selling truck in America. In terms of style, convenience, and amenities, there are several pickups that are superior. Ford's 2019 F-150 lineup now has a diesel engine with a 3.0L displacement, made by the Powerstroke brand.
The Tacoma has been awarded the top midsize pickup for resale value for the previous six years running. A Toyota Tacoma typically loses around 29.5% of its value over three years. The Toyota 4Runner slides to fifth spot, but it's still among the top 10. In the United States, only the Honda Ridgeline may be considered a car-based pickup truck. The GMC Canyon is essentially the Chevrolet Colorado with the GMC label and a more upscale look.
Z71 off-road suspensions, automatic latching rear differential, and a transfer case skid plate are all part of the truck's All Terrain package. The average resale price for the highly desirable Chevrolet Colorado midsize pickup vehicle after five years of ownership is 47.5% of the original purchase price. A 6-way power driving seat is standard on LT, Z71, and ZR2 models. The Duramax diesel engine allows for a maximum trailer weight of 7,700 pounds.
- If you want to sell your truck or invest in one that will hold its value for a long time, it helps to be aware of its resale value.
- Consider the car's resale value before making a purchase.
- Remember that the larger the initial investment in a car, the greater the significance of its residual value.
- Nine of the top 10 models from the model year 2018 that will return the best resale values in five years are pickup trucks as well as truck-based SUVs, highlighting the today's market transition away from passenger vehicles and toward more truck-like forms of transport.
- Chevrolet Silverado Next week, we have a two-for-one special on pickup trucks that have excellent resale value.
- The average resale price within five years of purchase is predicted to be 52.7% of the purchase price.
- The GMC Sierra 2019 has improved its position as the car with the highest resale value by one spot this year.
- Color heads-up screen, carbon-fiber cargo box, new 3.0L turbodiesel option, and increased length are just some of the unique updates on the GMC Sierra.
- Comparable in size to the Chevrolet Silverado, the GMC Sierra full-size pickup retains an average of 51.9% of its purchase price after five years, making it the superior choice for consumers.
- The RAM 1500 should be on the peak of your purchase list if you value practicality highly but value ride comfort & handling just as much.
- Nothing beats the inside of a 2020 RAM 1500.
- In addition to being the best-selling car in America, the F-150 full pickup truck retains an average of 54.2% of its initial purchase price after five years.
- The Tacoma has been named the best midsize truck for resale value for the past six years running.
- The average loss in value for a Toyota Tacoma was 29.5 percent.
- The Toyota Tacoma has the highest resale value of any car on the market.
- The Canyon is available in a wide variety of trim levels, including the base SL, the mid-level Canyon, the high-end SLE, the rugged All Terrain, and the luxurious Denali.
- To this day, the 2019 Chevrolet Colorado is ranked eighth.
- After five years of ownership, the popular Chevrolet Colorado midsize pickup truck is expected to return 47.5% of the MSRP.
FAQs About Trucks
5 Ways to Boost Your Truck's Value
- Spend Your Money Wisely.
- Perform Regular Check-ups and Maintenance.
- Watch Your Mileage.
- Keep up the Appearance.
- Treat Your Truck Respectfully.
The short answer to this question is, yes, trucks really do hold their value! As a general rule, most trucks lose most of their value within the first five years. But, as a rule, trucks hold value well compared to other vehicles.
The first and foremost is that 4x4 vehicles have increased traction and stability which makes them great at handling adverse weather conditions. You'll have a much easier time in rain, snow or ice with a 4x4 vehicle.
Mileage has a greater effect on depreciation than age does. Cars are often driven anywhere between 10,000 and 15,000 miles a year on average. The more you drive and put miles on the car, the more likely your car will depreciate quickly in value.
In a general sense, yes, putting a lift kit on a truck does decrease its value. Reasons to not buy a lifted used trucks:
- Aftermarket lift kit jobs are sloppy and many parts on the truck are negatively affected. A lift means bigger tires (and wheels) which means the transmission and drivetrain see a decreased life expectancy.
- Lifting your truck makes it more difficult to use it in a utilitarian manner. Towing is harder, using the bed is harder, and handling is worse.