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Ford F-150, Ranger Sweep KBB’s Five Year Cost To Own Awards For Pickups

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Ford swept the pickup categories in Kelley Blue Book’s 10th annual Five Year Cost to Own Awards as the Ford Ranger and Ford F-150 have both been named the most affordable trucks in their respective segments – mid-size pickups and full-size pickups – over the course of a five-year ownership period.

2021 Ford Ranger STX Special Edition Package

KBB’s Five Year Cost to Own Awards recognize vehicles with the lowest projected ownership costs over the initial five-year ownership period and considers depreciation, expected fuel costs, finance, and insurance fees, maintenance and repair costs, and state fees.

Total cost of ownership goes far beyond the up-front expense of purchasing a new vehicle and gives customers an accurate look at how much a vehicle will actually cost them over the time they own it. The aforementioned ongoing costs of vehicle ownership can vary greatly, which makes this a valuable tool for shoppers.

“Choosing a car with low ownership costs can help shoppers save a significant amount of money over time – often several hundred and sometimes even thousands of dollars – so it’s worthwhile to research the cost to own details of any new car you’re considering,” said Eric Ibara, director of residual values for Kelley Blue Book.

The projected ownership costs for 2021 model-year vehicles are based on the average Kelley Blue Book Five Year Cost to Own data for the initial five-year ownership period. This information is developed using Kelley Blue Book Residual Values to calculate depreciation costs. KBB calculates total ownership costs for new vehicles by applying a sophisticated valuation methodology along with critical financial data from third-party providers.

These accolades are just the latest of many for the 2021 Ford F-150 and Ranger, as both recently earned KBB’s Best Resale Value Award, while the F-150 secured a KBB Best Buy Award late last year, and the Ranger was recently named one of Consumer Reports’ Most Satisfying Trucks to own.

We’ll have more on the F-150 and Ranger soon, so be sure and subscribe to Ford Authority for the latest Ford F-Series news, Ford F-150 news, Ford Ranger news, and continuous Ford news coverage.

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Written by Brett Foote

Brett's lost track of all the Fords he's owned over the years and how much he's spent modifying them, but his current money pits include an S550 Mustang and 13th gen F-150.

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4 Comments

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  1. Good grief, a working person can’t pay off a new pickup in five years. Y’all need a second mortgage to buy a new car or truck.

  2. I totally agree with you. They have quite a line up from F-150; F-250; F-350; Ranger; Bronco; soon to be another truck smaller size truck the Maverick.

    • I purchased a 2017 manufactured sept. I purchased the Ford F150 xlt v6 twin turbos crewcab is a must and the 10 speed automatic transmission for $35,000. I purchased it in January 2018 and paid the truck off in 11 months. I purchased the platinum package which means anything on the truck was covered by Ford for 7 years and 70 thousand miles. anything liquid think about this that is 90 percent of the Ford covered by Ford. one thing I screwed up on was paying it off you don’t get a discount for early payoff. if I knew before I would have spent the monies on other investments to flip, vehicles sell I believe you trade in or sell out right. either way once your vehicle gets high millage it mostly will go to auction and a shady buy here pay here will more than likely get about 65 percent of what you paid for it new from a certified Ford dealer. 55 thousand and it it gets a 3rd trade in the 35 thousand dollar truck ends up selling for 70 thousand dollars then if it seen it’s life a salvage yard I know 1st hand parting out anything will make more money than selling as a hole. possibly depending on how a vehicle was treated a salvage yard might Make as much as the original owner paid new. so figuring in all = $105,000 thousand dollars. just a thought not based on facts just knowledge.

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