The trucks with the lowest price tag don’t always wind up being the least expensive to own in the long run. To see the whole picture though, you have to factor in depreciation, maintenance, and fuel costs over five years of ownership. With that in mind, here are the 10 cheapest pickup trucks of 2020 based on 5-year cost of ownership for their base models.
1. 2020 Ford Ranger
The first-place finisher in this list of the cheapest pickup trucks of 2020 is the Ford Ranger, which can cost less to own over 5 years than any of its competitors. Beyond that, the Ranger offers a great powertrain and buyer-friendly packaging. Find a Ford Ranger for sale
2. 2020 Toyota Tacoma
3. 2020 Jeep Gladiator
Like the Wrangler on which it’s based, we fully expect the 2020 Jeep Gladiator pickup to hold its value well. If that isn’t enough, it’s also the only convertible pickup on the market. Find a Jeep Gladiator for sale
4. 2020 Chevrolet Colorado
5. 2020 Honda Ridgeline
The Ridgeline is also known for offering great resale value and should appeal to anyone on the fence about pickup ownership, as its unibody platform means it’s more of an SUV-with-a-bed; the only vehicle of its kind offered today. Find a Honda Pilot for sale
6. 2020 GMC Canyon
7. 2020 Ford F-150
8. 2020 Toyota Tundra
While its base price is a little higher than that of the F-150, the 2020 Toyota Tundra comes with a reputation for strong reliability, which helped it to claim KBB’s ‘Best Resale Value Award’ for 2020 among full-size trucks. Find a Toyota Tundra for sale
9. 2020 Chevrolet Silverado 1500
10. 2020 Ram 1500
What About the Nissan Frontier?
The data isn’t yet in on the 2020 Nissan Frontier, which gets a new engine and transmission for this year, ahead of an all-new generation debuting next year. That said, even though it sees a $7,500 increase to its base price for 2020 – up to $27,885 – we fully expect it to earn a spot on this list of the cheapest pickup trucks of 2020 when the numbers come in.