For 13 years, automotive data provider Vincentric has been studying the five-year histories of every vehicle sold in all 50 states and the District of Columbia. Using that data, analysts calculate the averages for purchase price, depreciation, insurance, operating costs (which includes repairs, maintenance and fuel), financing, opportunity costs, state fees and taxes.
Put it all together and they come up with a real-world cost of ownership and an expected cost of ownership (based on Vincentric historical data) that should give consumers a good indication of how well a particular vehicle could perform over time. Technically, this data only reports the total averages during the last five years with the assumption it will be predictive of the next five. Data also varies by state and/or city.
Vincentric recently announced its 13th annual Best Value in America Awards for which it broke pickup trucks into four categories: small, half ton, three-quarter ton and one-ton pickups. Here are the top three pickups in each segment, with the average cost per year for the winners. We should note that Vincentric selects the top pickup brand as well; this year the winner was Ford.
- Toyota Tundra, with an average cost of ownership per year of $10,379
- Ford F-150
- Chevrolet Silverado 1500
- Chevrolet Silverado 2500, with an average cost of ownership per year of $12,293
- Ram 2500
- Ford Super Duty F-250
- Ford Super Duty F-350, with an average cost of ownership per year of $12,524
- Chevrolet Silverado 3500
- Ram 3500
Manufacturer images; Cars.com photos by Angela Conners