Home News New Study sheds light on which off-lease trucks offer the best deals

New Study sheds light on which off-lease trucks offer the best deals

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With an influx of off-lease new vehicles expected to enter the marketplace this summer, finding a deal can sometimes feel like a daunting task. But a new study is out to eliminate some of the frustration, and in the process, reveals several pickup models that can be had for the right price.

The study was commissioned by the folks at iSeeCars.com, with the car search engine analyzing over 6.9 million car sales in an attempt to try and find models with the greatest loss in depreciation over three years (typically when many off-lease cars enter the used car market.) The study covered a wide range of vehicle segments, but we chose to shine a spotlight on the pickup side of the coin, which can be seen below.

 

Best Bargains on Almost-New Pickup Trucks – iSeeCars Study

Rank

Pickup Truck

Avg. 3-Year-Old Used Price

% 3-Year Depreciation

$ Savings Over New Car Price

1

Nissan Titan

$27,357

38.1%

$16,869

2

Ram Pickup 1500

$27,565

37.4%

$16,459

3

Chevrolet Silverado 1500

$28,469

36.1%

$16,104

4

GMC Sierra 1500

$34,767

35.4%

$19,040

5

Ford F-150

$30,260

34.9%

$16,210

Average for Pickup Trucks

34.3%

6

Honda Ridgeline

$27,938

33.4%

$14,022

7

Toyota Tundra

$31,285

29.4%

$13,060

8

Chevrolet Colorado

$25,795

28.8%

$10,448

9

Toyota Tacoma

$26,858

25.2%

$9,034

 

Standing out in first place is the Nissan Titan, with the truck losing a whopping 38.1% of its value over a three year period. This means that buyers can get a used Titan for an average price of $27,357 which represents a savings of $16,869 versus the price of a brand new Titan. Nissan is bringing a revamped version of the Titan to the market very soon, but it’s no secret that the model has struggled to build a solid fan base, and that in turn has hurt the Titan’s long-term resale value.

Meanwhile, the domestic Big 3 have a firm grip from 2nd to 5th place, with the Ram 1500 being the best deal for domestic pickups. The Ram 1500 loses 37.4% of its value over three years versus rivals from Ford, Chevrolet and GMC. That in turn leads to an average transaction price of $27,565 a savings of $16,459 versus a brand new Ram 1500.

Move further down the list, and the field is largely dominated by midsize pickups, with the rates of depreciation being below the 34.3% average. The black sheep in the room is the Toyota Tundra, with that model posting a low 29.4% of depreciation for an average transaction price of $31,285. Otherwise, it’s largely business as usual with the Chevrolet Colorado and the Toyota Tacoma holding strong as the two lowest in the study. The Tacoma in particular only suffers from a 25.2% depreciation rate, with a 3-year-old Tacoma going for $26,658, which only helps the customer save a mere $9,034 versus buying a new one.

With finding a good deal becoming more important than ever, pre-owned pickup buyers still have plenty of options to choose from, especially if they are willing to give the Nissan Titan a chance to make a good first impression.

10 Best, Worst 2019 SUVs for Resale Value Over the Past 5 Years

Most Resold New Pickups After 1 Year of Ownership

 

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