Which CPO Pickups Offer the Best Value?

Vincentric 2015_Toyota_TRDPro_Tacoma_008 II

If you're shopping for a used pickup truck, it can be challenging to compare different trucks when it comes to mileage, warranties and vehicle age.

Automotive data analysis provider Vincentric offers one of the best assessments of all the considerations that go into purchasing a certified pre-owned vehicle in its annual Best CPO in America Awards. Every month, Vincentric collects data about depreciation, fees and taxes, financing, fuel, insurance, maintenance, opportunity costs and basic repairs on 15,000 CPO vehicle configurations.

Costs are measured after incorporating the specific CPO warranty offered by each manufacturer while also applying the mileage requirements necessary to be labeled a factory-certified pre-owned vehicle. Each CPO vehicle is evaluated in all 50 states plus Washington, D.C., with the assumption that each vehicle is driven 15,000 miles annually over five years.

From all this data, Vincentric determines the best CPO vehicle in several brand and vehicle class categories. For 2017, the winners for Best CPO Value Brand in America are Toyota for passenger car, Audi for luxury car, Ford for SUV and crossover, Lincoln for luxury SUV and crossover, and Ford for pickup and van. It's worth noting that Ford won three of four van categories: small commercial, large passenger and large cargo.

The Best in Class winners with the lowest average total cost of ownership over five years in the four pickup truck categories are:

Small Pickup: Toyota Tacoma (photo above)

Full-Size Half-Ton Pickup: Ford F-150

Vincentric 2018 Ford F-150 SKV_6035 II

Full-Size Three-Quarter-Ton Pickup: Chevrolet Silverado 2500

Vincentric 2017-Chevrolet-Silverado-2500HD-041 II

Full-Size One-Ton Pickup: Ford Super Duty F-350

Vincentric 17FordF350KingRanch_5533_HR II

Manufacturer images

Comments

Used pickup trucks don't offer any sort of value unless they are 10 years or older now. You can't touch a used 2-4 year old one with high Miles without being within a couple thousand from a new one with rebates.

@Robert... yup, exactly. Its crazy what used ones are going for these days. Not even top trim levels like Platinum, Limited, Long Horn, Platinum Reserve, etc.. It's crazy what they are asking for a used truck. It'll be great when the weekend big trucker...home depot/soccer mom crowd gets out of the pickup truck market. Bring the prices back down to a normal level.

That ain't never gonna happen. They are making load of money off home depot, soccer moms and the me too buyers.

That ain't never gonna happen. They are making load of money off home depot, soccer moms and the me too buyers.

Huge...HUGE mark-ups on used trucks on the lots. (Same price as the new trucks after rebates and mark downs).
Offer to take them off the lots after a big mark down and see what happens. I used to sell them. STOP PAYING SO MUCH FOR THEM.

Used pickup trucks don't offer any sort of value unless they are 10 years or older

@Robert

do you have any other blanket statements to make? Why is ten years the magic number?

Looks like Toyota's response to repairs, which is "Not ours or TSB", doesn't count with Vincentric.

certified pre-owned=rip off

I never buy used anymore,,besides gas and diesel vehicles are obsolete,my next truck will be electric


http://workhorse.com/pickup/

@papajim go ask the dealers. Most of their inventory is 1-5 year old vehicles. Even the 5 year old truck with 144,000 miles is still over $20 grand. I know because I recently looked at a 2011 Z71 crew cab LT. 144,000 miles and wanted $20,900 for it. They laughed when I offered $17,000.

why is 10 years the magic number?

Never said it was the magic number. However, you don't start seeing any real value between used and New before a truck hits 10 years old. Again, go look at prices and see for yourself. Buying used is not always the smart buy.

A few years after the market crash of 2008, it was a great time to buy used.

Used pickup trucks don't offer any sort of value unless they are 10 years or older

@robert

Why ten years? These are your words

If we bought bottom feeder trucks then maybe the years wouldn't matter as much. But I cannot take a girl out in a geezer pickup. You understand this.

Before I look at a used pickup truck, I check the value of the stocks of the company that produced it. If the stock valuation is high, that means the company will be in business to produce the spares I need down the track.

@Big Al. you over think it. Posted by: papajim | Aug 3, 2017

@big al

nothing changes. you still overthink it

What I find interesting about this is the Tundra hasn't really changed in the last 10 to 11 years. Think about it; being in production for 10 to 11 years hasn't improved the quality enough to be recognized by Vincentric. MS said himself that protecting QDR is a priority. It looks like we have more evidence that there is a QDR problem...

@PapaJim,
Why do you make such snarky, passive-aggressive comments?

"@Robert
do you have any other blanket statements to make? Why is ten years the magic number?"

Jezzus man, relax, take a chill-pill.....and DEFINITELY don't ever buy an AR15!

I don't think the man was being literal with his 10 year old truck remark. He was making a general point.

@NoQDRTundra or when Ford/GM/Ram deny a warranty claim or claim it's "normal characteristic" for the truck, isn't that the same as your statement about Toyota?

@NoQDRTundra
"Costs are measured after incorporating the specific CPO warranty offered by each manufacturer while also applying the mileage requirements necessary to be labeled a factory-certified pre-owned vehicle."

Sadly most Tundra owners tend to keep their trucks, unlike the big 3 owners which dump them sometimes around 20k miles. Hard to certify a Tundra as a CPO when it has 80k+ miles or 6 years old when it's traded in.

This results in very few CPO Tundra's on dealers lots. Probably not many CPO Tundra's to test for this test...

Funny PUTC doesn't do a story on the Vincentric Best Value in America awards... http://www.vincentric.com/Home/Best-Value-Awards/2017-Best-Value-in-America/2017-Best-Value-in-America-Winners-List

Looks like Toyota takes the mid-sized and 1/2 ton truck categories...

@Tyler: So, looks like there are enough CPO Tacoma's to make the list then?

@Tyler: If the Tundra is such a good deal and great truck then why doesn't Toyota make more of them? Light trucks are the most profitable, right?

Toyota has two plants to manufacture them, but now has only one partial plant. What's up with that?

"Bring the prices back down to a normal level.
Posted by: NorthernDave"

You can get some pretty good deals around here on XL and XLT trucks. They are not going to be as cheap as the trucks you may remember but then again those trucks did not have airbags, anti-lock brakes and a host of other features that help deliver the 5 star crash ratings that new ones have. Also, the trucks that you probably remember only had one row of seats, 150hp engine that only returned 14mpg and maybe an AM radio. Personally, I think that after adjusting for inflation you are getting more value today. Maybe it is time to define a new "normal".

I wonder if the resale value is higher on Military Grade trucks?

@NoQDRTundra You mean the plant they closed in Indiana for the Texas plant? That Indiana plant was scheduled to be retooled for different vehicle production when the Texas plant was being built. You comments make no sense, you simply try to bash Toyota and include no logic in your comments. Based on Toyota's financial records, the big 3 could take a tip or two from Toyota. Making profits is the goal for businesses and Toyota is very good at making profits (regardless if it's trucks or not).

My best guess for the limited number of Tundras produced is, Toyota makes what they will sell in one year. So they don't end up like GM/Ford/Ram discounting previous model year trucks heavily to sell them when the current model year is also sitting on the lot.

I have no question Toyota makes good profits on each Tundra sold, the R&D was paid for a long time ago. They sell 120k+ trucks a year and the only costs for Toyota are the parts to put the truck together and the labor for the workers on the assembly line.

Unlike Ford who has to sell a lot of trucks to pay off the aluminum body, 4 different engine options, new 10 speed transmission.

@NoQDRTundra Considering the Toyota sells more Tacoma's than the rest of the mid-sized trucks combined, yes you could wager there are more CPO Tacoma's.

CPO warranty usually lasts for 7 years, so if we are going through 7 model years what other midsized trucks are we looking at; the Frontier, previous GM Mid-sized twins, Ridgeline, and the Ranger?

Considering Toyota almost sells more Tacoma's than the rest of the mid-sized trucks combined, yes you could wager there are more CPO Tacoma's.*

I don't think the man was being literal with his 10 year old truck remark. He was making a general point. Posted by: nlp

@NLP

Please honor the rest of us with your insight. Did he tell you that or were you guessing?

Sadly most Tundra owners tend to keep their trucks, unlike the big 3 owners which dump them sometimes around 20k miles. Hard to certify a Tundra as a CPO when it has 80k+ miles or 6 years old when it's traded in.

This results in very few CPO Tundra's on dealers lots. Probably not many CPO Tundra's to test for this test...
Posted by: Tyler | Nov 16, 2017 7:23:15 AM

Considering just how tiny the outdated Tundra's marketshare is when compared to the total full-size truck market, it's not surprising that there are fewer used/CPO Tundra's on used lots relative to the rest of the market.

For each Tundra sold in 2016, Ford, GM, or Ram sold a combined 19 trucks. Owners aren't keeping their Tundra's, there just aren't many people interested in buying a flimsy "triple-tech" framed, gas-guzzling Tundra with a reputation for major rust issues.

If you are buying a late model used Tacoma or other Toyotas like Camry and Corolla then you are going to pay not much more for a new model. Pickups overall hold their value much better than cars so many times you can get a new one for not much more than a late model used one. Also it is much harder to get a low mileage late model pickup since people tend to drive them and use them. I bought a late model used truck years ago with low miles and it lasted me 14 years but that was before trucks were as popular and the dealer had the truck on the lot for months and wanted to move it. Today most cars tend to depreciate more rapidly than a truck or suv so if you are in the market for a car especially a Ford, GM, or FCA you can get a deal. When you are buying used sometimes you have to be willing to take something that is not as popular but in good shape to get a good buy. Also sometimes a deal comes your way when you are not really looking--I have had that happen as well. If you are too anxious then you probably will pay too much.

C'mon guys!

The Big 3 have been building trucks as fast as they can for several years, and they had such a good market for pickups that Ford and GM management were actually talking in public about raising the average transaction prices. That speaks to strong demand.

All this means that there should be a ton of quality used trucks at dealerships. Don't pay attention to advertised price. Tell them what you want to pay then leave if they don't agree. Be patient.

It's worth the time because you can save 8 or 10 k on a truck if you are willing to drive a hard bargain (and bring cash).

@ Brick,

Just s h u t up with your stupidity will ya!

Stop being so jealous that Toyota trucks hold their value better and have lower operating costs than other makes!

I can attest to this because I own Toyota trucks, do you?

Both of my current Tacoma's have NO unscheduled repairs.

Just stop with your fakeness!

@oxi--Usually I don't defend Papa Jim, but he did not say anything about Toyota trucks. Papa merely stated that the Big 3 build good trucks and if one is patient and tell them what you will pay you usually can get 8 to 10k off the MSRP of a pickup. Papa is correct and many of the dealers around me are advertising Fords, GMs, and Rams for 8 to 10k off of MSRP.

Many on this website prefer Big 3 trucks and will take advantage of these discounts. I am glad you like your Tacomas and have gotten good service out of them. Even my handyman who had a 2004 F-250 Powerstroke crewcab with close to 300k miles finally bought a new regular cab gas F-250 taking advantage of the discounts. His truck was rusting out badly even though he took care of it and he was starting to have some expensive repairs. My handyman will retire in a few years when his youngest son graduates from college and he did not want to spend anymore money than he had to--he needed a truck to tow his trailers with. He also wanted to pay his truck off in about 3 years which is the time his son will graduate. He got a base F-250 for much less than a Tundra with much more capacity.

@oxi--As for Brick maybe he had a bad experience with a Toyota or maybe he just doesn't like them. All that matters is that you like them.

@ Jeff S,


Sorry but Brick is an idiot.


He is like one of those crybaby lefties that cannot cope with T rump wining the election and has to be an donkey about it.

@oxi--Doesn't really matter what others think, if you like Toyotas that is all that matters. The last thing you need to get is upset about what others think. I have never owned a Toyota but that doesn't mean that I will never own one. My wife has had 2 Hondas which have both been very reliable and I had a Mitsubishi Mighty Max pickup for 14 years that was very good. A friend of my wife's husband just bought a new 2017 Tacoma 4 x 4 with a 6 speed manual--they like it. I might not have bought that truck myself but I understand why they bought it and they have owned Toyotas for years with very good service. Everyone is different.

...my wife's husband just bought a new 2017 Tacoma 4 x 4 with a 6 speed manual

@Jeff S

Seriously, how many husbands does your wife have?

Sorry Jeff, there's no defending my poor taste. My apologies to Mrs S.

re: CPO

Properly understood, giving CPO status to a pickup or SUV allows the dealer to pile some dollars onto the sale price of the vehicle.

I think it's a win-win as long as you don't find yourself paying too much for that extra warranty. More than $500 for an average used truck in the 20-30 thousand dollar price range is reasonable for what you get in my opinion.

If you've already negotiated a smart price for the truck, the extra price of the CPO can be well worth the price. Works for me anyway.

@papa jim--I meant my wife's best friends husband. True about the CPO but many times the dealer charges much more for the CPO label. I keep my vehicles for 10 years are more so I tend to buy new, but I would consider buying a used late model low mileage vehicle with low mileage in excellent shape at a good price. It would have to be a significant savings otherwise I would buy new. Used I would not be as particular about the color or some of the options as long as the color was neutral and the options were close to what I want. Again it would depend on the deal. Mileage and vehicle condition would be my major criteria.

@Jeff S

so if the right truck had 20k miles would that be too many?

Just s h u t up with your stupidity will ya!

Stop being so jealous that Toyota trucks hold their value better and have lower operating costs than other makes!

I can attest to this because I own Toyota trucks, do you?

Both of my current Tacoma's have NO unscheduled repairs.

Just stop with your fakeness!
Posted by: oxi | Nov 17, 2017 12:07:46 AM


I have owned Toyota pickups in the past.

And why do you get upset when people point out Toyota's truck faults, yet you're more than happy to tr0ll other brands on here. More than once you've made biased and false claims against the Chevy Colorado. If you don't like what I say, perhaps you should think about your own behavior on here.

@papa jim--You should know what the answer to that question is. I once bought a 2 year old truck with 31k miles, so there is your answer. Not that anxious to buy something with 100k or more miles and pay about as much as new. For me to buy used it would have to be more than a 2k difference between new and used and that is after all factory rebates and dealer discounts. Again it depends on the vehicle and how much it depreciates. Some types and brands of vehicles do not depreciate that much and to pay 1 or 2k less for one that is a couple of years old then I would buy new.

@Jeff S

traditional pickups and half to vans are very durable vehicles that can withstand daily abuse for many thousands of miles. These same trucks can go for 200k miles without breaking a sweat---so why not buy one with 20k miles on it.

Because he is too busy fixing door jambs for $3,000.00 each.

@papa jim--True, but if the difference in price between a new and used vehicle is only 1k to 2k why would you buy used? Over 10 years 1k to 2k extra is not much. Also why would you buy any vehicle with over 100k unless you got it at a significant price reduction. Why didn't you buy a used Silverado with 100k? Not worth my time to buy a vehicle with 100k or 200k miles if I can afford a newer vehicle with lower mileage. I went for years driving old high mileage vehicles, now I can afford not to. I would rather fix up what I already own than buy a high mileage used vehicle, at least I know the history of my vehicles. I am not that anxious to buy something has a unknown history.

@papa jim--Of course I would consider a late model vehicle with around 20k miles. Did you not understand that I bought a 2 year old truck with 31k miles which I drove for 14 years and had 200k miles on it? There is a big difference between buying a vehicle with 20k miles and one with 100k to 200k.

@Jeff S

Don't go overboard for the sake of this discussion. You won't find many CPOs with more than 35 or 40k on the odometer

@papa jim--Not just talking about CPOs. Any used vehicle. A vehicle that is well maintained with 35k to 40k is perfectly acceptable as long as the savings are considerably more than 1k to 2k. It just depends on the vehicle but I would consider a CPO or any used vehicle that is well maintained and a good price.



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