The all-new, next-generation Ford Ranger will soon begin populating roads in the U.S., but as it stands, that pickup’s predecessor is still racking up plenty of accolades as a solid used vehicle buy. In fact, the outgoing Ford Ranger ranked second in the mid-size pickup segment of J.D. Power’s 2022 Initial Quality Study (IQS), as well as one of the most reliable trucks in Consumer Reports‘ annual auto reliability survey from both 2022 and 2023. Now, iSeeCars is bestowing even more praise on the last-gen Ford Ranger, which it ranks among the best five-year-old used trucks for the money.
Among the 12 best five-year-old used trucks for the money, the Ford Ranger ranked eighth with an average sales price of $30,669 and an average remaining lifespan of 127,836 miles – or $2,399 per 10k miles. On average, iSeeCars notes that five-year-old Ford Ranger models have around 66.9 percent of that lifespan remaining, too, compared to the overall truck average of 64 percent.
To come up with this list, iSeeCars analyzed the prices of more than 1.1 million five- and 10-year-old used vehicles sold between September and December 2023, then compared them to the remaining lifespan of those cars, based on a proprietary model that estimated the probability each vehicle would survive to various mileage thresholds. This data was calculated using odometer readings from over 312 million vehicles.
“With the spike in used vehicle pricing over the past five years, buyers are seeking the best value for their used-car dollars,” said iSeeCars Executive Analyst Karl Brauer. “We’ve identified the models with the lowest purchase price and the longest remaining lifespan, providing shoppers with a list of used cars they can purchase and rely on for many years. Midsize trucks don’t have the capability of full-size models when it comes to towing and hauling, but they clearly have an advantage when it comes to cost and lifespan. If you don’t need a full-size truck, a used midsize model offers far better value.”