If you're in the market to get an almost-new used pickup truck, why wouldn't it be good to know where the best deals exist? Yes, it would. Happily, a new study from automotive research company iSeeCars.com provides this information. It collected data that shows which relatively new used pickups have depreciated the most, which makes them the best options for those seeking to get the most bang for their dollar.
According to the poll, the typical new car depreciates 35 percent after three decades of ownership, with a number of the highest-depreciating vehicles losing between 46 and 52% of their value when driven off the lot. But when looking at just pickup trucks, the considerably lower average is 23.3 percent.
"Below-average depreciation is not surprising when you consider the increased requirement for trucks," iSeeCars CEO Phong Ly said in a statement. "People have a tendency to use their pickup trucks for work and hold on them, which limits the supply in the secondary [used automobile ] marketplace."
The study analyzed over 4.1 million car sales to identify versions that have the best drop in value over a three-year period (when most leased vehicles reevaluate the automobile market).
Top Three Full-Size Used Pickup Deals
- Ram 1500: $41,803 average price, 33.2 percent drop
- Ford F-150: $48,685 average cost, 32.4 percent fall
- GMC Sierra 1500: $44,284 average price, 26.7 percent drop
The used pickup with the lowest depreciation over a three-year interval -- drum roll please -- would be the Toyota Tacoma, losing only 18.2% of its value, using an average transaction price after three decades of $26,329. The Toyota Tundra has a 22.2 percent depreciation rate (the lowest amount of any full-size pickup) and a mean transaction price of $32,834 after three years.