A great way to save money on your car purchase, and this applies to any type of car. However, trucks tend to cost a lot of money, and while used trucks are cheaper than new trucks, there are some used truck options just for the price. Here’s a look at the three used trucks that aren’t much value, plus a few more.
Overview of the iSeeCars study
A recent study attempted to find the best value used cars by analyzing data from more than 2 million used cars. The researchers then took the average price of a used car model and divided it by the vehicle’s average remaining life in terms of mileage. The result is a vehicle’s Model Value Rating, which is measured in price per 1,000 miles.
These three used trucks are a poor value
The Ridgeline is a unibody mid-size truck, and it’s not the preferred choice of many truck lovers. Unfortunately, the trucks that truck enthusiasts want also tend to be terrible value trucks.
The Ford F-150 is the truck in America right now, which means it’s also the most popular truck around. However, a used F-150 costs close to $20,000 and will only have 100,000 miles left in its life.
This gives the used F-150 a rating of $199 per 1,000 miles, the third worst value in the segment.
A used Ram 1500 costs about $19,000, but it will only have about 92,000 miles left in its life. That gives it the second worst value rating in the segment, costing $205 per 1,000 miles.
The worst value truck, however, was the GMC Sierra 1500. A used Sierra is about $20,000, too, but only has an average of 96,000 miles left. This gives it a rating of $206 per 1000 miles, which is only slightly worse than the Ram 1500.
Interestingly, despite the fact that the Sierra 1500 is a v, the Silverado has the best value out of these three trucks. The Silverado is $183 per 1,000 miles.
Buy these two used trucks instead
Overall, the best value used trucks were all on the smaller side. However, there are some used trucks in the full-size segment that are a good value. Toyota, not surprisingly, the Toyota Tundra is the second best value full-size truck.
It is the most expensive used truck, costing an average of $23,000. However, it has a very long residual life of over 128,000 miles. This gives the Tundra a rating of $180 per 1,000 miles.
However, the Nissan Titan is the best value full-size truck out there. It costs about $19,000 on average and will have over 113,000 miles left in its life. That gives it a rating of $166 per 1,000 miles.