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

Ford, GM, Ram suck. The 10 year old Toyota Tundra is within inches of them in performance, holds value much better, is vastly more reliable. Smart money on a full-size truck is the Tundra.

@JeffS

The automakers agree to extend the warranty based on some conditions, one of which is the number of miles on the truck.

@papa jim--Yes, I know that but when I buy a vehicle I look at what vehicle best fits my needs, cost comparison of new versus used, condition of any used vehicle, and how long I plan on keeping the vehicle. If a new vehicle costs not much more then I will buy new. Cannot make a blanket statement that I will always buy new or that I will always buy a CPO. It depends on when you buy a vehicle and what is available at that time. I have bought a new vehicle in the past when it cost me 1k more than a CPO or used.

I have bought a new vehicle in the past when it cost me 1k more than a CPO or used. Posted by: Jeff S | Nov 19, 2017

If your plan is to hold the truck for 10 years, buy the CPO. After 10 years nobody can tell the difference and you got the full benefits of ownership, plus the CPO warranty.

How can you lose?

For a thousand more I would rather get the color and options that I want so I will most likely buy new unless the CPO has exactly the color and options I want. I am the one that has to live with the vehicle. I am not really concerned with what others think. I take excellent care of my vehicles and usually people think they are newer than they are. If you are going to keep a vehicle for a long time you should buy one that you really like otherwise you will not keep it. For me it is better to keep up on what is available and not be in a hurry to buy something. It is better to walk away from a potential purchase than to be too anxious and hasty in making a decision. If something does come along that is a good deal and meets your criteria then you might need to make a quick decision but any doubts then don't buy.

For a thousand more I would rather get the color and options that I want so I will most likely buy new unless the CPO has exactly the color and options I want.

@Jeff S

So, in addition to the steep cost of taxes, maintenance and depreciation you're willing to add another $1000 to the price of owning a truck. ???

I'd rather fix up an old truck or buy new than buy an overpriced CPO.

Evidently so. You spent $2000 to fix a rusty spot that nobody else could even see

@papa jim--Are you telling me that you would not be willing to spend a thousand more to get the exact color and options you want? Maybe you don't keep your vehicles as long but 1k or 2k over 10 plus years is not much. Now if your talking about 5k, 6k, or more then yes I would buy used if the vehicle is what I want. A thousand off of a vehicle that is 30k is a little over 3% (5% if the vehicle is 20k). I would have to save more than 3% or 5% off the price--it would have to be at least 10%. Spending 2k to repair a vehicle that I will keep at least 5 more years comes out at about $400 a year. I would rather get what I want and keep it. I can invest the savings from keeping a vehicle for 10 plus years. Saving 18k plus 4k catch up (22k a year) contribution comes out to 110k saved over 5 years plus the increase in value of the stocks in my 401k retirement plan. In addition I can take any extra savings and put in my individual stock account which is separate from my employer 401k. In 5 years when I retire I will have about 1 million in my 401k in addition to my individual stock accounts.

@Jeff S

I bought my Silverado as a CPO with 23k miles in mint condition.

Today it's just under 100k miles and if I sold it the difference in sale price compared to a Silverado some other guy bought brand new would be ZERO.

It saved me apprx. $10k compared to buying new. I got the CPO extended warranty basically for $500. So my net savings compared to buying new was $9500.

If you buy and hold, it makes sense to consider CPO

@papajim--Good for you, sounds like a sound decision and the important thing is that you like your truck. At $9,500 I would agree with your decision and an extra $500 to extend the warranty is not that much extra to pay. As I said before it depends on the vehicle and the savings. I have seen a few CPOs that I would consider if I were in the market. I have never bought a CPO but I bought a 73 Chevelle back in 75 that was a good buy and an excellent car and I bought an 85 Mitsubishi Mighty Max in 87 with low miles and a very good buy that I owned for 14 years. I would keep an open mind to a CPO, used, or new vehicle that is something that I want. Again it depends on the vehicle and the savings.

@ Brick,
You are a trolll. Your blind hatred for Toyota is unjustified and unwarranted. You are a jerk and an agitator to society.
Nobody listens to a jerk, hence Toyota sales are still destroying the Colorado!

You are a trolll. Your blind hatred for Toyota is unjustified and unwarranted. You are a jerk and an agitator to society.

Posted by: oxi | Nov 20, 2017 9:28:19 AM

Your blind hatred of the ZR2, the most capable and reliable midsize offroad truck, is wrong. Your liberal hate has gone on for too long. Now go get your tetanus shot before that 2016 Tacoma starts rusting away.

Just buy new and flog her for 20 years and 300K.. changing fluids and filters. Something breaks; google the video. GM puchrods engines are generally easier to service and have great and cheap part availability. If you can't see the plugs it can painful surgery to get to them. I've got Ford Friends and Toyota Friends that have seen 300K, but it does involve some maintenance. A poker buddy blew his trans mission in his Benz and it was 12K$ to replace. I can get a LS 5.3 long block for $3200 and another $900 to bolt it in. Tranny rebuild on our '99 was $1500 at 220K miles. Parts like AC are reasonable.

But if you live North in the salt, you may be lucky to make 12 yrs.years.



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